Wealthsimple Savings 555 Interest Boost Welcome Offer

Last updated November 3 2026

Overview

Open and fund a Wealthsimple Savings account within 30 days of your invitation to earn a total 5% interest rate for your first 35 days.

Who’s eligible

This offer is for new Wealthsimple clients who are Canadian residents, and have reached the age of majority.

How it works

Open a Savings account and add any amount to it within 30 days of getting your invitation. Your 35-day boosted period starts on the day you open your first Savings account. 

Your boosted interest

For 35 days, you’ll earn 5% total interest on up to $1,000,000 across your Savings accounts. That’s your standard 2.5% rate plus a 2.5% promotional rate. You’ll get your standard interest each month as usual, and your promotional interest as a separate payment after your 35 days end.

Frequently asked questions

Who’s eligible for this promotion?
You’re eligible if you meet all of these requirements, both when you take part and when your boosted interest is paid:

• You’re a new Wealthsimple client, and all your Wealthsimple accounts are in good standing
• You’re a legal resident of Canada
• You’ve reached the age of majority in your province or territory
• You got an invitation to this promotion in the Wealthsimple app or by email

Can Quebec residents take part?
Yes. If you live in Quebec and meet the eligibility requirements, you can take part.

How long do I have to take part?
You have 30 days from the day you get your invitation to open a Savings account and add money to it. The promotion started on September 29, 2026. 

How do I get the boosted interest rate?

1. Look for your invitation in the Wealthsimple app or in your email.
2. Within 30 days of getting your invitation, open a Savings account.
3. Within the same 30 days, add any amount to your Savings account.
4. Earn 5% total interest on your Savings balance for 35 days, starting from the day you opened the account.

Note: Your 35 days start when you open your Savings account, not when you add money. To get the full benefit, add money as soon as you open the account.

When does my 35-day boosted period start and end?
Your boosted period starts on the day you open your first Savings account. It ends 35 days later. After that, your Savings account goes back to earning the standard interest rate.

I have more than one Savings account. How does the boost work?
Your boosted period starts on the day you opened your earliest Savings account. The boost applies to your combined balance across all your Savings accounts, up to $1,000,000. You can earn the boost once.

How is my boosted interest calculated?
Your 5% total rate has two parts: the standard Savings rate of 2.5% (standard interest) and a promotional rate of 2.5% (promotional interest). Both are annual rates, calculated daily on your balance. The boost applies to the first $1,000,000 of your combined Savings balance. Any amount above that earns the standard rate only.

When will I receive my boosted interest?
You’ll receive two separate payments in your Savings account:

• Standard interest: paid within the first 7 business days after each calendar month in which you earn it, as part of your regular interest payout
• Promotional interest: paid in one payment within 7 business days after your 35-day period ends

You don’t need a chequing account to receive either payment.

Do I need to keep my money in my Savings account?
There’s no minimum hold period. Your boosted interest is based on the balance you hold during your 35 days, so if you withdraw money, you’ll earn less. To receive your promotional interest, you need to still meet the eligibility requirements when it’s paid, including having all your Wealthsimple accounts in good standing. 

What counts as adding money to my Savings account?
Any amount counts. You can add money to your Savings account in any of these ways:

• An internal transfer from another Wealthsimple account
• A deposit from a linked bank account
• An automatic transfer through the Automate Your Pay feature

You can’t set up a payroll direct deposit to a Savings account.

Can I combine this with other promotions?
Yes. You can combine this promotion with other offers or promotion codes, unless the other promotion’s terms say otherwise but the same funding transaction cannot qualify you for more than one promotion. You can earn this boost once.

Are there tax implications?
In most cases, bonuses and rewards like this have tax implications. We won’t issue a tax slip for bonuses paid to a non-registered account, such as your Savings account. You’re responsible for any required tax reporting. For guidance, talk to an accountant or tax professional.

Terms and Conditions

Wealthsimple Savings 555 Interest Boost Welcome Offer (the “Promotion”).

This Promotion is sponsored by Wealthsimple Technologies Inc. (“Wealthsimple”).

Promotion Effective Date. This Promotion is effective as of September 29, 2026 at 12:01am Eastern Time (ET) (the “Promotion Effective Date”).

Eligibility. To be eligible for the Promotion, the person must, at the time of participation, including when the Interest Bonus (as defined below) is awarded:

• be a new Wealthsimple Trade, Managed Investing, Crypto, or Chequing account (each a “Wealthsimple Account”) user, with all Wealthsimple Accounts in good standing;
• be a legal resident of Canada;
• be the age of majority, or older, in their province/territory of residence;
• From September 29, 2026 to October 19, 2026, received an invitation to participate in this Promotion (an “Invitation”) via an in-app message or email; and
• meet the requirements set out below.

(the “Client”).

Qualifying Action. To participate in the Promotion, eligible Clients must open and fund a Wealthsimple Savings account, with any amount, within thirty (30) days of receiving an Invitation (together a “Qualifying Action”).

There are no fees associated with the creation of a Wealthsimple Account. A Client can open a Wealthsimple Account by visiting https://www.wealthsimple.com/en-ca and following the instructions on how to create an account. Further details on adding funds to Wealthsimple can be found here.

Interest Bonus. Upon successful completion of a Qualifying Action, eligible Clients shall earn a boosted interest rate on their Wealthsimple Savings account interest rate for a period of thirty five (35) days (the “Interest Bonus”). The Interest Bonus applies only to the first $1,000,000 of the Client's aggregate Savings account balance; any portion of the balance exceeding $1,000,000 will earn only the Client's Standard Interest rate. For greater certainty, the thirty five (35) day period during which the Client shall receive the Interest Bonus will begin on the date that such Client’s first Wealthsimple Savings account is opened. If the Client holds more than one Savings account, the period begins on the date when the earliest of those accounts was opened.

The Interest Bonus shall be calculated as a combination of the standard annualized rate for the Savings account of 2.5% (the “Standard Interest”), plus the promotional rate of 2.5% (the “Promotional Interest”), together totaling a rate of 5%.

All other terms and conditions of the Savings account also apply.

Standard Interest and Promotional Interest are annualized rates, calculated daily and paid monthly.

Maximum one (1) Interest Bonus per Client.

The Interest Bonus is non-transferrable, and cannot be applied retroactively. The Interest Bonus remains subject to change, at Wealthsimple’s sole discretion.

Application of Interest Bonus. The Interest Bonus shall be paid out as two separate payments, consisting of the Standard Interest payment and the Promotional Interest payment.

The Standard Interest payment will be paid within the first seven (7) business days following each calendar month during which the Interest Boost is earned, and shall be paid into the Client’s Savings account in accordance with Wealthsimple’s standard interest payment process for such account.

The Promotional Interest shall be paid within seven (7) business days following the end of the Client’s thirty five (35) day period, and shall be paid into the Client’s Wealthsimple Savings account.

Wealthsimple is not liable for any forfeited Bonus and any forfeiture will not be reissued.

Tax Implications. There are tax implications to bonuses and rewards of this nature in most instances. Please consult with an accountant or tax professional for additional guidance. Wealthsimple will not be issuing clients a tax slip to report Bonuses paid to a non-registered account. Clients are solely responsible for any required tax reporting.

Combinability. Unless specified in the terms of other promotions, this Promotion can be combined with other offers or promotion codes.

Currency. All currency shown in these terms and conditions are in Canadian dollars.

Release. By participating in the Promotion, Client assumes all risk of injury, illness, disease, death, or any other damage which may arise in connection with their participation in the Promotion. Without limiting the foregoing, client hereby: (a) forever releases and discharges Wealthsimple and its parent companies, subsidiaries, affiliates, related and associated entities and employees, directors, officers, suppliers, agents, sponsors and administrators of each (collectively, the “Releasees”), from and against any and all claims, actions, costs, liabilities, judgments, damages, obligations, losses, penalties, and expenses of any kind or nature whatsoever (including legal fees) in any way arising directly or indirectly out of any injury, loss, or damage that the Client may suffer as a result of, or in connection with the participation in the Promotion or any promotion-related activity, including the posting of the Bonus in their Wealthsimple account and subsequent use of the Bonus; and (b) indemnifies, defends and holds harmless the Releasees from and against any and all damages, loss and expenses, including legal fees, which may be suffered directly or indirectly by reason of the Client’s own negligence or willful misconduct during or in connection with their participation in the Promotion.

General. Wealthsimple reserves the right to cancel, amend, withdraw or restrict the Promotion at any time without notice. Wealthsimple is the sole arbiter of these rules and any other issue arising under the Promotion. If Wealthsimple suspects fraudulent or abusive behaviour, gaming of the system, inappropriate, offensive or derogatory language or information or a violation of these terms, as determined in Wealthsimple’s sole and absolute discretion, Wealthsimple reserves the right to remove all promotions from the Wealthsimple account(s) and take any other action it deems appropriate including, but not limited to, removing the Bonus or closing the Wealthsimple account(s). An invitation to participate in this Promotion does not provide assurance that you will be accepted as a customer of Wealthsimple. This Promotion is only valid for individuals in the location cited above that otherwise meet our eligibility requirements. The standard terms (https://www.wealthsimple.com/en-ca/legal/terms) relating to the use of Wealthsimple and any agreements that apply to the Wealthsimple account(s) each apply and are not affected in any way by this Promotion.

In the event of any discrepancy or inconsistency between the terms and conditions of the Promotion and disclosures or other statements contained in any related materials, including but not limited to the point of sale, print or online advertising, the terms and conditions of the Promotion shall prevail, govern and control.

Wealthsimple Trade is offered by WSII. WSII is a member of the Canadian Investment Regulatory Organization. Customer accounts held at WSII are protected by Canadian Investor Protection Fund (“CIPF”) within specified limits in the event WSII becomes insolvent. A brochure describing the nature and limits of coverage is available upon request or at CIPF.