The experience features a new app and branding and the Simplii Account™ with folders - a first for Canadian direct-to-consumer banking

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With the introduction of the Simplii Account™ and folders, piloting this month, Canadian consumers will be able to do more than ever within a single account. Folders can be created in seconds via the new mobile app and will streamline bill payments and spending, savings goals, and planned expenses. Customers will be able to automatically distribute their pay cheque across the folders, helping turn financial intentions into an organized plan without having to open or manage multiple accounts.

To help customers keep their accounts in good standing, new payment backup will automatically cover eligible transactions and reduce the potential for insufficient funds events. In addition, higher base interest rates will allow customers to earn money from the first dollar in their savings folders. Additional features will roll out over the coming months, including folder sharing with trusted individuals to simplify household expenses, daily spending allowance, and more.
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But I will not move any funds there yet. Much of my cash is currently at Tang getting 4.1% til the end of October; after that I will see what is available. This includes Hubert's quarterly GIC starting at 3.45% and averaging 3.75% over a year.

Walk on by . . .

Dean

Put your savings to work so you can relax

As a thank you for being such a loyal member of the Simplii community, we got you a special rate. From now until January 31, 2027, earn 3.00% interest^† with your High Interest Savings Account. Only on eligible deposits up to $1,000,000. Terms apply.

Get this rate today and grow your savings with confidence.

^† This special interest rate offer is available starting on October 7, 2026 and ending on January 31, 2027 at 11:59 pm UTC (the “Offer Period”), by invitation only, to primary account holders of a Simplii Financial High Interest Savings Account opened before the Offer Period (an “Eligible HISA”). Account holders must enroll their Eligible HISAs in the offer through online banking or by contacting Simplii Financial.

The special annual interest rate of 3.00% is a combination of regular annual interest rate (“Regular Interest”) and promotional annual interest rate (“Promotional Interest”) set by Simplii Financial. Any change to the Regular Interest will result in a corresponding change to the Promotional Interest so that the overall special annual interest rate will remain 3.00% from the date of enrolment until the end of the Offer Period.

Regular Interest is calculated daily at the current rate applicable to the Eligible HISA balance on each day’s full closing balance. Promotional Interest is calculated daily on each day's closing balance that exceeds the closing balance as at October 1, 2026 (the “Additional Balance”) up to a maximum balance limit of $1,000,000. Eligible HISAs will earn Promotional Interest from the date of enrolment until the end of the Offer Period. Regular Interest and Promotional Interest are paid monthly. For clarity, Promotional Interest is paid within the first two business days following the month in which it was calculated. Promotional Interest will only be paid if the enrolled Eligible HISA is active and in good standing at the time of payment. After the Offer Period, all balances will continue to earn interest at the Regular Interest rate only. For the current regular interest rates, visit our rates page.

This offer is non-transferable and cannot be combined with other promotional rate offers. This offer may be withdrawn, cancelled, or changed without notice, at any time, for any reason. Promotional and regular interest rates are subject to change without notice. Other conditions apply. For the full terms and conditions, review the Simplii Financial™ October 7, 2026 to January 31, 2027 Promotional Savings Rate Offer 3.00% for Existing HISAs terms and conditions (PDF, 100 KB).

Peter said
Just noticed Simplii Financial is now purple: https://www.simplii.com/en/new-look.html

But this stood out as more than just branding:

The Simplii Account

One account, that let’s you spend, save, and sort your money.

A new kind of account to help you organize and stay in control of your everyday banking — with more details to come.

Hopefully it will be the end of their silly games when targeting lame promo interest rate offers where they lowball you to see if you'll bite, then come back later if you decline claiming you won and they'll pay more now, which is still too low. In my view their previous brand relaunch was a disaster, no doubt the person who came up with it got promoted with a salary increase.

But this stood out as more than just branding:

The Simplii Account

One account, that let’s you spend, save, and sort your money.

A new kind of account to help you organize and stay in control of your everyday banking — with more details to come.

Oscar said
A few years ago I tried to get a GIC there. Can't recall the details but I had to speak with a rep and was surprised when she told me I had to allow them to do a (soft ?) credit check in order to get the GIC although putting the same amount into my savings account for a promo was fine. I had already been a client for many years at that point and did not agree so could not proceed. Since that time i rarely leave money in my accounts unless they have a promo that suits me, and purchasing a GIC from them is no longer even considered.  

I never understood why a financial institution would do a credit check on you when it is you giving them the money? Does it mean they will refuse to accept your money if your credit score is below their standard? "Sorry we can't accept your money. Please go away."

This credit score thing has run .................

A TD rep tried that with me. I recognized the info he was asking for was for a know-your-client form for an investment account. I told him I'm not interested in mutual funds and there is no requirement for a suitability determination to place funds in a cashable GIC.

I've open many many banks accounts over the years and I've never encountered this. During the account opening process, they didn't tell me it would be a hard credit hit, let alone two of them. This is not required in any way, shape or form for an HISA. By doing this, they are trying to determine what credit services are appropriate to try to sell you and what rate to charge you, even if you have no intention of ever borrowing $ from them. You pay for that in the form of your credit score being reduced. This shouldn't be allowed but here we are.