Our Smart Savings account is a low risk, fixed-income investment portfolio built for today. We thought the tried and true savings plan could use a Wealthsimple makeover. Here's how we built a better account. It's perfect for people who are dipping their toe into investing or for those who are already investing, to stash their emergency fund.
Unlike a typical savings account at a bank, Smart Savings operates as an investment portfolio similar to your other Wealthsimple accounts. When you open a Smart Savings with Wealthsimple, we invest your funds in a low risk ETF portfolio that returns dividends from that ETF. It's designed to protect your savings and is crafted for investors saving for either the short-term or long-term.
High-yield savings on autopilot. Join today and you'll start with a target return rate that's usually higher than the average savings account interest. Whether you start with $1 or $10,000, you still get the same return as everyone.
No teaser or promotional periods. Simple, honest returns with no minimums — that don't expire.
No hidden fees. We earn a low fee that maxes out at 0.25% on the amount you have in your Smart Savings account, and only we only charge a fee to the extent that you earn above 1% in returns.
Safety and security. Accounts are insured by the SIPC up to $500,000. We cover more upon request.
Free withdrawals with no lock-in periods. We'll transfer money to your bank as often as you want.
Seamless integration with your Wealthsimple accounts. Our accounts feature our bread and butter: kick-ass software to help you do money right.
Enjoy perks of Wealthsimple Black. Get VIP airline lounge access, lower investment fees, and dedicated financial planning when you deposit over $100k between your Wealthsimple investment or savings accounts.