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Wealthsimple
Chequing standard interest
On $10,000, you'd earn about
$126
over a year, before tax
How it works
- Rate
- 1.25% to 2.25% depending on everything you hold with them
- Who can get it
- Everyone
- Account types
- Non-registered
- Insured by
- CDIC, through partner member banks, see Wealthsimple's terms for the current limit
The catch: Rate depends on total assets held with Wealthsimple across all accounts.
From the bank's page3 quotes
- Rate, tier 1“Less than $100,000 in assets: 1.25% interest”
- Rate, tier 2“Over $100,000 in assets in assets: 1.75% interest”
- Rate, tier 3“To unlock 2.25% — the highest-interest rate for a chequing account in Canada — you need to have at least $500,000 in assets with Wealthsimple.”
Source: www.wealthsimple.com
Compounded monthly, before tax. The bank calculates daily, so yours will differ slightly. Last checked Oct 9, 2026.