If you have any other banking products with Simplii Financial, you already know how rewarding it is to save on those pesky bank fees. But if you don't already have a savings account with them, the new Simplii high interest savings account promo will make you want to open one.
New clients opening a Simplii High Interest Savings Account will get a promo interest rate of a whopping 4.5% for 5 whole months. This gives you nearly half a year to put your hard-earned money to work for you in an exceptional way, earning a higher interest rate than anything offered by other Canadian HISAs (that we're aware of).
Deposit limit for the Simplii high interest savings account promotion
Yes, there is a limit to how much you can hold in this HISA and still receive the promotional rate. But that limit is pretty high at $1 million, which, for many of us, will take a long time to reach (if ever).
But even if you do go over the $1 million threshold and aren't eligible for the promotional 4.5% anymore, you'll still earn a 1.5% interest rate offered to all HISA account holders.
As with most interest earnings with most financial institutions, the interest on your funds is calculated daily and paid out on a monthly basis.
The new promo interest rate won't last forever
Of course, this offer isn't going to last forever – it's only available until November. 15, 2024, so open that account ASAP if you want to take advantage.
Simplii High Interest Savings Account account details
Yes, that promo interest rate is mega appealing, but it's not the only detail to consider when opening a high interest savings account. You'll also want to look at fees, transaction limits, and more.
Here's what the Simplii High Interest Savings Account has to offer:
- $0 monthly fee
- No minimum balance requirements
- Interest rates between 0.3% and 1.5%.
- CDIC insurance coverage
- Valuable referral bonuses available
Learn more here:
With a jaw-dropping promotional interest rate of 4.5% for the first 5 months, it's hard not to be tempted by the Simplii High Interest Savings Account. You'll even get free transfers to your Simplii chequing account to make accessing your money easy and stress free.
- 4.5% interest for the first 5 months
- No monthly fees
- $125 friend referrals available
- Backed by CIBC bank
- Low regular interest rate of 0.3%
- High minimum balance to earn the top rate of 1.5%
- No Interac e-Transfer or debit capabilities
- $20 inactivity fees
- Resident of Canada
- Age of majority
- Refer a friend for $125
- Very impressive promo interest rate
Will you take advantage of this interest rate and open a Simplii High Interest Savings Account?
If you don't already have a high interest savings account, Simplii's sweet 4.5% promotion may be just what you need to get that ball rolling. Just think of what your money can do over a 5-month period.
Are you ready to take advantage of this promotion and open a Simplii High Interest Savings Account? Let us know in the comments section below!
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