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Simplii Financial High Interest Savings Account review

CIBC's online arm, with regular promo rates and free access to a large ATM network.

By SCFinance Data Team · edited by SCFinance Editorial TeamUpdated Aug 11, 2026 Fact checkedEditorial integrity

The bottom line

CIBC's online arm, with regular promo rates and free access to a large ATM network.

SCFinance score4.2

Simplii Financial High Interest Savings Account

Interest rate: 0.90% (promos available)
Monthly fee: $0
Minimum to open: $0

Pros

✓ CIBC ATM access
✓ No monthly fee
✓ Regular promotional rates

Cons

✕ Low ongoing base rate
✕ Promos are new-money only

Details

Monthly fee: $0
ATM network: CIBC

What you get

No monthly fee
Free access to CIBC ATMs

Compare to alternatives

EQ Bank Personal Account

SCFinance score4.8

Read review

Interest rate

3.50%

Monthly fee

Minimum to open

Details

Monthly fee: $0
Minimum balance: None
e-Transfers: Free, unlimited

What you get

No monthly fees and no minimum balance
Unlimited free Interac e-Transfers
CDIC insured up to $100,000

Our take

A high everyday rate with no monthly fee and no minimum balance, the default pick for parking cash in Canada.

Read our full review

Wealthsimple Cash

SCFinance score4.6

Read review

Interest rate

2.75% (up to 4.00% at higher tiers)

Monthly fee

Minimum to open

Bonus for new depositsCash bonus when you fund a new account. Terms apply.

Details

Monthly fee: $0
Card: Included prepaid card

What you get

Spending and saving in one balance
Rate increases with total assets

Our take

A chequing-savings hybrid with a competitive rate that climbs as you bring over more assets.

Read our full review

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