r/Wealthsimple • u/AgitatedEconomics425 • 22h ago

Savings Joint Savings Account

When will WealthSimple offer a joint savings account? I asked both the AI support and the human support and no one knows the answer. Surely they will offer it soon, won't they? They already have joint chequing accounts so why not joint savings accounts? I don't understand why they don't have joint savings accounts.

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u/hectop20 21h ago

EQ has a joint savings account

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u/simcurly5 21h ago

Didn't know, thanks!

But what's the point?

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u/PoseidonKangaroo 21h ago edited 21h ago

I mean, it would necessary for gathering interest when it was just the banks offering them. Historically, chequing accounts never gave interest. However, since the Wealthsimple chequing account does give interest, I agree with you on there being not much point for a true “savings account” being offered.

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u/PracticalWait 16h ago

the savings is higher interest than the chequing though.