Personal Finance

has anyone used wealthsimple high interest saving account

  • Last Updated:
  • Jan 11th, 2023 1:12 pm
3 replies
Deal Addict
Aug 15, 2009
2589 posts
2172 upvotes
Montreal
No hidden gimmicks besides you get taxed.

No TSFA
Deal Addict
Nov 6, 2015
1130 posts
724 upvotes
Guelph, ON
Well, the article you linked is kind of gimicky as they have chosen to compare their account to the weakest HISA's out there - kind of deceptive to cherry-pick like that.

They don't even rank on the following chart which is what many people in this forum use for comparing HISA's.

https://www.highinterestsavings.ca/chart/
Deal Addict
User avatar
Oct 13, 2007
4497 posts
3405 upvotes
Edmonton
The gimmick is that they are not doing a proper comparison, hand-picking low interest accounts. The TD ePremium Savings Account, for example, has the same interest rate but there is a $10,000 minimum.

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