† The Simplii Financial High Interest Savings Account Promotional Interest Rate Offer for New Simplii Clients (the “HISA Offer”) is available starting on July 1, 2025 at 12:00 am UTC and ending on September 30, 2025 at 11:59 pm UTC (the “Offer Period”). The following terms and conditions (“Terms”) explain in detail how you can earn a special annual interest rate of 4.25% for 122 days on your first Simplii Financial High Interest Savings Account (“HISA”). To accept this offer, you must open an Eligible HISA during the Offer Period and make a deposit to your Eligible HISA during the Promotional Rate Period (as such capitalized terms are defined in these Terms).
1. Promotional Rate Period
If you meet the eligibility criteria and other conditions described in these Terms, the balance of your Eligible HISA (up to $100,000 ) will earn Promotional Interest (defined below) for 122 days (which is about 4 months) from the date the HISA was opened (the "Promotional Rate Period").
2. Eligibility
To be eligible for this HISA Offer, you must:
- Be a new client with no prior relationship with Simplii Financial (a "New Simplii Client"). To become a Simplii Financial client, you must apply and be approved for a Simplii Financial product. When you apply for your first Simplii Financial product, we will create a unique client identification number for you (your "Client Number"); and
- Open a HISA for the first time as the primary accountholder during the Offer Period and within 60 days after your Client Number was created ("Eligible HISA").
If you qualify, your Eligible HISA will earn Promotional Interest during the Promotional Rate Period (subject to certain restrictions as outlined in Section 4). Only your first Eligible HISA will qualify for Promotional Interest under this HISA Offer (no matter how many HISAs you open). For joint HISAs, the HISA may be eligible to earn Promotional Interest if the primary account holder is a New Simplii Client and meets all of the terms and conditions set out in these Terms.
3. How interest is calculated and paid
The special annual interest rate of 4.25% is a combination of the regular annual interest rate set by Simplii Financial payable on a HISA balance (“Regular Interest”), plus the promotional annual interest rate (“Promotional Interest”).
Interest on an Eligible HISA is calculated as follows:
- Regular Interest is calculated at the current rate applicable to the Eligible HISA account balance on each day’s full closing balance
- Promotional Interest is calculated on each day's full closing balance up to a balance limit of $100,000 during the Promotional Rate Period
Regular Interest and Promotional Interest are calculated daily and paid monthly. 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 Eligible HISA is active and in good standing at the time of payment. If it is not, payment of Promotional Interest will be forfeited for that month.
Regular and Promotional Interest rates may change at any time without prior notice. For current regular rates, visit our rates page. Any change to the Regular Interest rate (or the applicable interest rate tier) will result in a corresponding change to the Promotional Interest rate so that the special annual interest rate will remain constant for the Promotional Rate Period.
At the end of the Promotional Rate Period, all balances will earn interest only at the Regular Interest rate.
4. Restrictions
Additional terms, conditions, and limitations apply to the opening of and making deposits into Eligible HISAs. Individuals must meet the criteria set by Simplii Financial to open or hold an Eligible HISA to qualify for the HISA Offer. Ask for details.
The HISA Offer is non-transferable and cannot be combined with any other promotional savings offers unless otherwise indicated. Promotional Interest cannot be substituted or transferred to a third party. Simplii Financial reserves the right to cancel or change the terms of the HISA Offer at any time, for any reason, without notice and revoke the HISA Offer for any customer who appears to be manipulating or abusing the HISA Offer, or is engaged in any suspicious/fraudulent activity. The terms and conditions of the Simplii Financial Products and Services Agreement continue to apply to all Eligible HISAs.
‡ The Simplii Financial No Fee Chequing Account $300 offer (the “Offer”) begins on December 18, 2024 at 12:01 am ET and ends on October 31, 2025 at 11:59 pm ET (the “Offer Period”). The Offer consists of a $300 cash reward (the “Cash Reward”) to qualifying primary account holders for opening and using a new Simplii Financial No Fee Chequing Account (the “New Account”) and complying with the following requirements.
1. Eligibility
This Offer is open only to Canadian residents who: (i) have reached the age of majority in their province of residence and (ii) have not held a Simplii Financial product as the primary account holder on or before June 18, 2024. This Offer can be combined with all other offers unless otherwise indicated. Individuals who meet the foregoing eligibility requirements and otherwise comply with these Terms are referred to as “Eligible Client(s)”.
2. Offer requirements
To qualify for the Offer and receive the Cash Reward, an Eligible Client must:
i. Open a New Account as the primary account holder during the Offer Period. This must be the Eligible Client's first New Account opened as the primary account holder during the Offer Period;
ii. Within 120 days from the date the New Account is opened, set up one or more Eligible Recurring Direct Deposits totaling at least $100 of deposits per month into the New Account; and
iii. Have such Eligible Recurring Direct Deposit(s) credited to the New Account for at least three (3) consecutive months within the above 120-day time period.
“Eligible Recurring Direct Deposits”: Most automated and recurring direct deposits are eligible. Examples of common recurring direct deposits include: payroll, pension direct deposits, old age security, disability payments, and governmental payroll deposits, such as employment insurance. For further details and to confirm whether an automated and recurring direct deposit qualifies for the Offer, consult with a Simplii Financial representative.
3. Payment of Cash Reward
If an Eligible Client qualifies to receive the Cash Reward, the Cash Reward will be directly deposited to the New Account within three (3) business days of all offer requirements being fulfilled. For example, a qualifying Eligible Client who opened a New Account on January 6, 2025 and completed all required Eligible Recurring Direct Deposits by April 16, 2025 will receive the Cash Reward by April 21, 2025. The New Account must remain active and in good standing at the time the Cash Reward is deposited.
4. Additional limitations and conditions
The Cash Reward must be accepted as awarded and is not transferable or assignable. No Cash Reward substitutions will be permitted. Limit of one Cash Reward per Eligible Client no matter how many New Accounts are opened. For joint accounts, only one Cash Reward is available per Account. The recipient of the Cash Reward is solely responsible for any tax consequences associated with their receipt thereof.
The Offer is subject to the terms and conditions of the Simplii Financial Products and Services Agreement. Simplii Financial reserves the right to cancel or change the terms of the Offer at any time without notice, for any reason, and to revoke the Offer from any customer who appears to be manipulating or abusing the Offer, or is engaged in any suspicious/fraudulent activity.
In the event of any discrepancy or inconsistency between the terms and conditions as provided in these Terms and disclosures or other statements contained in any Offer-related materials, including, but not limited to television, print or online advertising, the terms and conditions of these Terms shall prevail, govern and control to the fullest extent permitted by law.
◇ This offer applies to the Simplii Financial Cash Back Visa Card. You can qualify for this offer if you apply and are approved for a new eligible card beginning May 14, 2025.
This 8% cash back offer (applies an incremental 4% cash back to the 4% cash back already awarded) on eligible restaurant, bar and coffee shop purchases and is available to new cardholders who apply and are approved for the Simplii Financial Cash Back Visa* Card beginning May 14, 2025. The 4% incremental cash back applies on eligible restaurant, bar and coffee shop purchases made during your first 3 monthly statement periods beginning from your account open date or $1,000 in total restaurant, bar and coffee shop purchases (equal to $40 bonus cash back), whichever comes first. This offer will not result in any changes to the 4% cash back already earned on restaurant, bar and coffee shop purchases, and those purchases will be included within the $5,000 annual spend limit that earns 4% cash back.
This offer may be withdrawn or changed without prior notice at any time. Simplii Financial may, in its sole discretion, disqualify, limit or revoke this offer if you are believed to be abusing or manipulating it, or engaging in any suspicious or fraudulent activity. Simplii Financial may approve your application, but you are not eligible to receive this offer if you have opened or cancelled a Simplii Financial Cash Back Visa Card within the last 12 months.
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