Overview

The Money Market portfolio is a flexible way to earn more on your cash without market risk or management fees. It's a zero market risk investment option that allows you to earn 2.50% interest on your cash holdings while keeping your funds accessible to you at any time.

The Money Market portfolio holds high-interest deposits at trusted Canadian banks, designed to offer stable returns with daily access. Your money is held in Canadian Investor Protection Fund-covered Wealthsimple accounts, protected up to $1 million per client.

Eligible account types

You can open a Money Market portfolio in the following account types:

• RRSP
• TFSA
• FHSA
• LIRA
• LIF
• Individual non-registered

How to open a Money Market portfolio account

Follow these steps to open a Money Market portfolio:

1. Log in to the Wealthsimple app
2. From the Home tab, scroll down and tap Open or move account
3. Tap Open a new account
4. Choose an eligible account type
5. Tap Portfolios
6. Scroll down and tap Income
7. Tap Invest in Income
8. Choose Money Market from the drop-down
9. Tap Choose Money Market

Frequently asked questions