{"id":414389,"date":"2024-10-29T11:34:00","date_gmt":"2024-10-29T15:34:00","guid":{"rendered":"https:\/\/milesopedia.com\/?p=414389"},"modified":"2026-02-04T05:42:44","modified_gmt":"2026-02-04T10:42:44","slug":"new-benefits-wealthsimple-premium-generation-accounts","status":"publish","type":"post","link":"https:\/\/milesopedia.com\/en\/news\/finance\/new-benefits-wealthsimple-premium-generation-accounts\/","title":{"rendered":"New Benefits for Wealthsimple Premium and Generation Accounts"},"content":{"rendered":"

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For several years now, Wealthsimple<\/a> has been competing with major Canadian financial institutions with a diverse range of low-cost financial products and services. With over 3 million users and more than $70 billion in assets under administration, Wealthsimple is constantly innovating! It recently launched joint and multiple accounts, and two weeks ago announced that its Chequing accounts<\/a> are now protected up to a maximum of $1 million.<\/p>\n

Just a few days ago, Wealthsimple launched a Milestone Rewards program featuring new benefits for Wealthsimple Premium and Generation accounts<\/strong>. In this article, we explore these new lifestyle benefits, including travel, wellness, and culture. <\/p>\n

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Here are the requirements of Wealthsimple’s three different levels: Core, Premium, and Generation.<\/p>\n

To move up to a higher level, you must meet the minimum threshold for net deposits or total assets across all your Wealthsimple accounts. This includes managed investment<\/a> accounts, self-directed investment<\/a> accounts, cryptocurrencies<\/a>, and chequing accounts<\/a>.<\/p>\n

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Here are the eligibility requirements for each Wealthsimple tier:<\/p>\n\n\n\n\n\n\n\n
Wealthsimple Tier<\/td>\nAssets with Wealthsimple<\/td>\nInterest Rate<\/td>\n<\/tr>\n<\/thead>\n
Core<\/td>\nLess than $100,000<\/td>\n1.25%<\/td>\n<\/tr>\n
Premium<\/td>\nBetween $100,000 and $499,999<\/td>\n1.75%<\/td>\n<\/tr>\n
Generation<\/td>\nMore than $500,000<\/td>\n2.25%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Each Wealthsimple account level has its own advantages, for example:<\/p>\n