Where can I earn 6% interest on my savings and get paid monthly? - Simplii Bank

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Where can I earn 6% interest on my savings and get paid monthly?

The answer is Simplii Bank- High-Interest Savings Account.







What is Simplii Financial? 

Who owns Simplii Financial?


Simplii Financial is an online bank owned by the Canadian Imperial Bank of Commerce (CIBC)
It means CIBC is a physical bank. Simplii is an online bank.


Simplii Financial used to be PC Financial. Most Canadians shop with PC Financial Mastercard to earn points.


 


Is Simplii Financial and CIBC the same bank?


Simplii is a division of CIBC Bank. CIBC is a physical bank. Simplii is an online bank

Is Simplii Financial safe?


Yes. Simplii IS SAFE. Simplii is as safe as the top 5 Canadian banks.
The owner of Simplii Financial is CIBC Bank. It holds your deposits and is insured by the CDIC. Eligible accounts are covered up to $100,000.

Why do you need an online bank account?

The simple answer is: 
Allow your money to make more money for you. We all want our money to produce some extra cash flow every month.

Do NOT save money in a chequing account.  Also, do NOT save money in a regular savings account with 0.1-0.5% interest rates ONLY. 

You need to place your hard-earned money in a High-Interest Savings Account(HISA) with around 4-6% interest rates.

Inflation hits so hard.

Now, the spending power of money is disappearing with inflation. Obviously, the same $50 you have today, is not the same spending power as 10 years ago, every year becomes less valuable it's not going to buy as much stuff year by year as inflation has been increasing a lot lately. 




If you just put your money in any regular bank, like CIBC, 
  • It's just eroding the spending power of money that you have in savings.
  • you are missing out on a great opportunity to increase your monthly income, so why not open an online bank for FREE and make some more money.


Online banks usually provide high-interest savings rates.
At physical banks interest savings rates are still as low as 0.1-0.5%.
Simplii's offer means you can earn up to 40x more cash flow on your savings, that's why I am writing this amazing news about Simplii for Canadians.


Why Simplii?

  • 6% High-interest rates in Savings Account.
  • $0 fee accounts with unlimited transactions.
  • Free Interac e-transfers.
  • Free access to CIBC ATMs across Canada.
  • 10% Cashback Credit Card for the first 4 months
  • Cheap international money transfers.
  • Easy and free to deposit and withdraw money from a physical bank.




Why open a Simplii High-Insterest Savings Account?


    The high interest rate of 6% for 5 months if you open up a Simplii High-Interest Savings Account by January 31, 2025.



    For example: 
    If you have around $20,000, you place the money in:
    • CIBC Saving Account: Got $8 per month ONLY. 
    • Simplii Saving Account: Got $100 per month.
    IT IS FREE MONEY.  



    Remember that CIBC & Simplii are the same banks. So which Account will you choose to produce more money for you?

    The interest from Simplii is paid into your savings account every month. ( See the photo below.) 


    If you need your money transferred to a physical bank from Simplii, just link your bank in Simplii, it is an easy, free, and fast process. 










    Why open a Simplii chequing account?

    You can access CIBC’s ATMs by using Simplii debit Card without any fees across Canada.
    Chequing account access to unlimited transactions. 

    You can’t use an ATM to withdraw money from a High-Interest Savings Account. You must transfer your money from Savings account to Chequing account first.
    That's why I highly recommend you open both accounts.


    Why open a Simplii Credit Card?

    • 10% Cashback for the first 4 months.
    • 4% cash back on restaurants, bars, and coffee shops.
    • 1.5% cash back on gas, groceries, drugstore purchases, and pre-authorized payments.
    • 0.5% cash back on everything else.








    Open accounts step-by-step:

    Step 1: Sign up accounts using Simplii Financial referral link, click the "Join Simplii" button, and choose to apply for an account. 
     
    Check ✔ No Fee Chequing Account and ✔ High-Interest Savings Account.


    If you have credit card needs, please check ✔ Cash Back Visa as well.


    Step 2: Fill in personal information and a digital signature during the application process.

    Step 3:
    After completing the account application process, you will receive the Simplii ATM card (as shown below) in about one week. 

    Download Simplii Mobile Banking App, When you receive the card, log in to the card number and complete the online authentication. 


    Congratulations! 
    Now you can start using Simplii online bank.






    How to deposit money into Simplii?

    By using a CIBC ATM
    By using Simplii Mobile Banking App: linking an external bank account.


    Extra Bonus: 

    Get $50


    Sign up accounts via Simplii Financial referral link .

    Deposit at least $100 in a Chequing Account or Savings Account within 6 months after account opening, and keep $100 or more in the account for at least 30 days. 

    OR

    Use or spend $100 on your Cash Back Visa Card within 5 months after opening the account.

    (The $50 referral cash bonus will be in your account 15 business days after meeting the conditions. )


    Get $500


    You can earn a $500 cash bonus when you open a Chequing account and set a direct deposit of at least $100 monthly for 3 consecutive months. 

    (You will get a $500 cash bonus 6 months after you meet the conditions.)


    Bonus Summaries

    Earn $500
    Open a No-Fee Chequing Account.
    Add an eligible direct deposit of at least $100 monthly for 3 straight months. Then you 
    get an extra $50 Friend Referral bonus. Make sure to use Simplii Financial referral link to open accounts.

    Earn 6%
    Open a High-Interest Savings Account
    Earn a special 6% interest rate on eligible deposits for 5 months. No matter how much is in your account, you won’t pay monthly fees.


    Earn up to 10%
    Open a Cash Back Visa* Card.
    For your first 4 months with a Cash Back Visa Card, enjoy 10% cash back on eligible restaurants, food delivery, and bar purchases. 




    I found out people don't really take action although they hope to increase their income or earn more money. If you want to live a more comfortable life in the future, you must take financial action now and spend some time learning about investing and a money mindset.

    Here is the motivation for you. To reward you for taking the first step in financial management, you will get 3 Free Financial Ebooks If you do these steps:

    1. Go to the Simplii Financial Official Website and sign up for a High-Interest Savings Account.
    2. Deposit at least $100 within 1 month after opening the account.
    3. Contact me: " I want to request the e-books."
    4. I will get back and send the e-books to you.



    The high-interest rate of 6% 
    offer ends on January 31, 2025.

    SIGN UP NOW



    Location: Canada, AB

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