Thanks for the video!! I'm finally doing the big shift by dumping my main chequing account with TD after over 20 years and switching to WS. Hope everything goes smoothly
Hi amazing video mark! I'm planning to switch to WS for savings. I've had a chequing's account since Highschool, might be a silly question but just wondering how do I go about transferring a large sum of money saved in my chequing's account (CIBC) into the wealth simple account? Thanks again!
It is NOT a promotional rate (like how the big banks trick you) but the interest rate can change depending on what interest rates and bond yields do (like everywhere)
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Can you please give me you email id for the referral I need it to manually apply the bonus code didn't work for me
Thanks for the video!! I'm finally doing the big shift by dumping my main chequing account with TD after over 20 years and switching to WS. Hope everything goes smoothly
Amazing! I also switched from TD. soooo happy not to be with the 🤬 big banks anymore
also check out eq bank they are doing a promotion
Hi amazing video mark!
I'm planning to switch to WS for savings. I've had a chequing's account since Highschool,
might be a silly question but just wondering how do I go about transferring a large sum of money saved in my chequing's account (CIBC) into the wealth simple account?
Thanks again!
You can connect your bank account to Wealthsimple and can deposit large sums of money that way!
How do they pay the interest? Monthly?
Yes monthly!
Hi!
Is the interest rate 4% applied all year long? I know usually banks offered good rates for a certain time, so not sure if it’s the same for WS😅
It is NOT a promotional rate (like how the big banks trick you) but the interest rate can change depending on what interest rates and bond yields do (like everywhere)
So, is the cash account (4% interest as a base) different than the high-interest savings account????
It used to be - but not anymore! They're the same thing.
Is the HISA different than the Cash account?
Is the internet earned in this account considered an income and would receive a T3 or T5 at the end of the year
You'll receive a T5 (I believe) but yes it is considered taxable income