Products offered

  • Simplii Financial No Fee Chequing Account
  • Simplii Financial HISA
  • Simplii Financial TFSA
  • Simplii Cash Back Visa

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Pros and cons of Simplii Financial

What our editors liked — and where Simplii Financial falls short.

Pros

  • $0 monthly fee chequing account, no conditions
  • Instant free transfers to/from CIBC accounts
  • CDIC insured through CIBC
  • Access to CIBC's ATM network, one of the largest in Canada

Cons

  • 3.00% HISA/TFSA rate trails Oaken (3.40%) and EQ Bank
  • No promotional rate for new savings clients
  • App is functional but less polished than EQ Bank or Wealthsimple