JohnnyCash said

No, they think their clients are naive and gullible. It's like they're throwing table scraps to stray dogs to see if they'll happily accept and wag their tails. Failing that, they'll maybe add some gravy to the mix, ie, up the rate a smidgen and try again.  

"They" don't seem to know that asute investors like us share information among ourselves.

Reminds me of the Gordie Howe story. When Bobby Baun joined the Red Wings,

Bobby: Hey Gordie, how much are the Red Wings paying you?
Gordie: Don't tell anybody but I'm the highest paid player on the team.
Bobby: Oh, so you're making over $100,000 a year.

" Gordie Howe discovered that teammate Bobby Baun was making over $100,000 per season, while Howe was paid only $45,000 per season. After getting this information, Howe confronted management and demanded that he received the appropriate compensation. Howe was always under the impression that he was the highest paid player on the team. 1969"
https://x.com/Jimfrombaseball/.....1774333990

COIN said
Simplii must be getting desparate. Just got the following.

"Sign up now and earn 2.50% interest† until September 30, 2026 with your High Interest Savings Account. Only on eligible deposits up to $1,000,000. Terms apply."  

No, they think their clients are naive and gullible. It's like they're throwing table scraps to stray dogs to see if they'll happily accept and wag their tails. Failing that, they'll maybe add some gravy to the mix, ie, up the rate a smidgen and try again.

"Sign up now and earn 2.50% interest† until September 30, 2026 with your High Interest Savings Account. Only on eligible deposits up to $1,000,000. Terms apply."

SuperSaver said
I declined their 2.5% piddly offer as I am currently getting 4.25% at Tangerine until August 31st. By declining the offer as others have done, I am hoping that Simplii will come back with an improved offer of at least 3.0% expiring September 30th or later.  

"I declined their 2.5% piddly offer"
Wonder if anyone accepted their 2.5% offer? If Simplii get no takers maybe they'll get the message.

JohnnyCash said

No, it seems you are a special case. At one time in years past Simplii would target clients with another promo offer a few days into the following month after their previous promo ended. Of course they would backdate it to the 1st of the month, even though you only got the email days later. The eligible funds would have been as described in your post. Bottom line - better luck next time.  

rk said
I understand that generally speaking one can get an offer even if they have only a few cents in their account. That was not my point, though. Has anyone else received an offer for 3.40% or more in the last few days? In this thread people are talking about 2.5%, 2.75% ... arguably that is significantly less than my offer.
Maybe I have received a higher offer because I had a significant amount in my account on June 1st.  

No, it seems you are a special case. At one time in years past Simplii would target clients with another promo offer a few days into the following month after their previous promo ended. Of course they would backdate it to the 1st of the month, even though you only got the email days later. The eligible funds would have been as described in your post. Bottom line - better luck next time.

Peter said
I was just offered 2.75% between June 10, 2026 and February 28, 2027 -- not quite 9 months, but their headline is calling it "up to 9 months"  

Hopefully, it's not "up to 2.75%" ...

Norman1 said

rk said

I am just wondering if they are only sending this offer to people who had a significant balance as of June 1, 2026 .

Simplii likely doesn't consider the savings account balance. I've received targeted offers from them with less than $10 in the savings account.

Simplii is actually CIBC, one of the Big 5 Banks. Those banks can raise short-term funds through deposit notes. The going rate for those 30 day and 60 day notes is around 2%.  

Likewise, I leave a few cents in the account and still receive the offers.

rk said

I am just wondering if they are only sending this offer to people who had a significant balance as of June 1, 2026 .

Simplii likely doesn't consider the savings account balance. I've received targeted offers from them with less than $10 in the savings account.

Simplii is actually CIBC, one of the Big 5 Banks. Those banks can raise short-term funds through deposit notes. The going rate for those 30 day and 60 day notes is around 2%.

Consequently, these offers are more marketing exercises than attempts to raise funds.

rk said
This should be a new topic, I guess.
I have logged into my Simplii account and an offer was waiting for me: 3.40% until end of August.
I accepted it without checking the details... then I realized that I made a mistake. The fine print:
Only new deposits that exceed the account’s closing balance as of June 1, 2026 will earn the special interest rate. This includes any deposits you make before September 30, 2026 up to $1,000,000. All other deposits will earn interest at your regular interest rate.
On June 1, 2026 I still had a significant amount in my account (from my previous 3.20% offer, which ended on may 31, 2026).
There is no Cancel or Un-accept button... so I am stuck now with an offer which I cannot use.
I know, my mistake 🙂
I am just wondering if they are only sending this offer to people who had a significant balance as of June 1, 2026 .  

They've done it before, just need to make sure funds are out the next day after the previous offer expires so that your closing balance is close to zero. Of course if the next day is not a business day one needs to potentially lose out on some interest by doing it prior to.