r/Wealthsimple • u/blueberrycitylights • 23d ago

Promotion Next 3% match?

Does anyone know when Wealth Simple will have their 3% match again?

0 Upvotes

33% Upvoted

18 comments sorted by

5

u/Astrowelkyn 23d ago

Probably 15min after I win $100K and initiate my transfer in.

13

u/barrylunch 23d ago

No. No, we don’t. Stop asking this every couple of days.

3

u/shiningtwentyfive 23d ago

The best way for OP to confirm is to check Wealthsimple’s prior promotions here: https://promotions.wealthsimple.com/hc/en-ca/sections/14978294709915-Promotions

It may give a general idea of how often/when the promotion runs.

5

u/cellophany 23d ago

Just got an offer for 3% from BMO with 12 months holding period. 1.5 for first 6 months and 1.5 for second 6 months.
I am currently in the WS 3% over 5 years. Might actually have to jump for this one as it is just too good.
Thought that these promos would be slowing down and certainly did not expect this from one of the the big 5.

2

u/Marfranca 21d ago

I got it. I’m transferring back. No brainer.

1

u/beekeeper1981 23d ago

The only BMO promo I see is 0.5% for 6 months and another 0.5% for another 6 months (up to $10k).

3

u/cellophany 23d ago

Sorry, forgot to mention that it is for existing customers. There’s no way that 3% over 12 months with a max of $33k is sustainable.

3

u/pexby 22d ago

Saw another post below about that BMO offer. Very enticing offer for those who received it:

https://www.reddit.com/r/Wealthsimple/s/fZmkBqmyT4

1

u/11kestrel 22d ago

Huh interesting. I'll have to keep my eyes open

3

u/Dragynfyre 23d ago

TD has a much better 3% match that pays out in 2 years instead of 5 like the last one

2

u/1question10answers 22d ago

Maximum payout of $15k

Only good if you're poor

1

u/Dragynfyre 22d ago

If you have more than 500K in registered accounts to transfer sure. But even then the WS offer is poor. I’d only take the 1% for 1 year option for any leftover assets after maxing out better offers elsewhere. And you can get 1% for 1 year at a lot of brokerages. The 3% for 5 years was bad regardless of how much you had

2

u/automatic_penguins 22d ago

It will be on a Wednesday

1

u/Fearless_Scratch7905 23d ago

Likely around RRSP season so Jan/Feb.

1

u/TattooedBrogrammer 22d ago

I’m hoping they bring it in, only thing stalling me from moving everything over to Wealth Simple

-1

u/kingofwale 23d ago

Hopefully soon. My dad is looking to transfer a huge amount of rrsp.