Wealthsimple has launched a savings account with a premium interest rate of 1.7% in Canada. The Toronto-based robo-adviser is seeking to attract clients away from traditional financial institutions with its Smart Savings account, its first non-investment product. In an interview on CTV’s Question Period, CEO and co-founder David DeBolt said the company was targeting millennials who are looking for ways to save money but don’t want to pay high fees or
Wealthsimple has launched a savings account with a premium interest rate of 1.7% in Canada. The Toronto-based robo-adviser is seeking to attract clients away from traditional financial institutions with its Smart Savings account, its first non-investment product. Smart Savings is also available in the US, where it offers a lower interest rate of 1%.