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Is the money in my interest account safe?
Updated over a week ago

Where is my money being held?

As a user of the earn interest feature, we’ll open an account for you with Wealthsimple Investments Inc. Wealthsimple Investments Inc. is a member of the Investment Industry Regulatory Organization of Canada (IIROC).

Is my money protected?

All cash balances from your interest account are held in trust at a Canada Deposit Insurance Corporation (CDIC) ( member institution. Coverage is available for eligible deposits.

How do you make money on this product?

We earn a small referral fee for making a referral to our service provider, Wealthsimple Investments Inc. This fee does not come out of the interest* that you earn on your balance.

*Interest rates are per year, calculated daily, paid monthly, and can change at any time without notice.

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