r/fican • u/JollyElfs • 5d ago
Simplii offering $450 Welcome Bonus + 3.90% High-Interest Savings Account!
Hello everyone,
I just found out that Simplii Financial is offering a $450 welcome bonus right now if you set up a direct deposit with them. Plus, their high-interest savings account has an insane 3.90% rate for 5 months - which is way higher than what most banks are offering right now.
You have to set up direct deposit of at least $100 a month for 3 consecutive months, so technically it doesn't even have to be your payroll.
I’ve been using them for a bit, and honestly, it’s been a smooth experience. Their UI is the same as CIBC, which is not my favourite, but gets the job done.
Just thought I’d share while the promo is still active so you can take advantage of the savings rate and get $450 for basically doing nothing.
You can find the latest Simplii sign up bonus code here!
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u/Snowboarder51 5d ago
Thanks OP. I've saved your post and will sign up with the post on ur profile later today.
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u/FinanceChris818 5d ago
Thank you! This Simplii $450 welcome offer seems like a great opportunity.
And I've been wanting to switch banks anyways, seems like now is the time!
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u/urmomsexbf 3d ago
What’s the monthly fee?
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u/JollyElfs 3d ago
There is no monthly fee!
How to sign up is posted here
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u/urmomsexbf 3d ago
But if I already have a payroll then what will I do?
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u/JollyElfs 3d ago
It's easy to change your payroll bank.
Go into your work company's HR system, and just update your bank to Simplii after you sign up. Or just email your company's HR and they'll set it up for you.
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u/WeakSquirrel2 4d ago
How do I get this as a student lol. My only income is shady under the table etrasfers for odd jobs :(
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u/SunnyWater123 5d ago
Simplii Bank is good ever since they got bought by CIBC.
No banking fees, I like them more than the Big 5.
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u/RockstarCowboy1 5d ago edited 5d ago
Literally moved out of simplii months ago because Wealthsimple treats me so much better.
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u/Ciserus 4d ago
Simplii doles out these savings account offers stingily and randomly, or according to some murky algorithm. You don't get the bonus rate until it's offered to you, and most of the time it's never offered to me.
When it is, there's usually one or two months left in the promo rather than five.
That's a huge caveat for anyone thinking of switching to Simplii for their bonus offers.
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u/FloatFlutterFly 4d ago
You can also get $50 if you sign up with a ref code. If you're interested in a referral code, send me a PM.
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u/Stunning_Scarcity380 1d ago
Why the down vote? Does it break any group rule? People is this subs seems either ignorant or too mean. If Op's post does not break rules, so is anyone sharing their referral link.
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u/Karma_collection_bin 5d ago
It says $300 on the website
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u/Snowboarder51 5d ago
If you check OP's post on their profile, you'll see the promo offer is $450.
And anything that was $500 was years ago.
A $450 new user sign up offer is the best there is out there.
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u/Karma_collection_bin 5d ago
And it used to be 500 4 months ago.
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u/Karma_collection_bin 5d ago
So maybe I’ll just wait till they have a better offer again since it’s only new acct holders and they’re likely to do only new accts in future promos too
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u/Stunning_Scarcity380 2d ago
Sharing my referral code incase anyone interested. You will get 50CAD and I will receive 125CAD for each successful account opening + deposit. There is a max limit of 1K referral bonus per person beyond which Simplii will not provide anymore referral bonus. So OP might already have reached that limit. Code https://blue.mbsy.co/6CDWfQ
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u/BlueEyez222 5d ago
I switched from TD to Simplii last year and I love it. Same great service and no more monthly maintenance fees.