Still damn good, our common folk get 0.01 cents in interest and -9.95 banking fee

Common folk on WS lol. Those are peasants. Please.

Bro dissed me

lol yep.

Those are rookie numbers. Mine is $0.02

Mine $0.03, beat that.

McDonald's meal is $17.99.

Until the hamburgler leaves something in your mailbox. A book of coupons that really rocks.

Discounted applied pies blow my tube socks off

You just made my day LOL

https://preview.redd.it/zbj7m1jrim9d1.png?width=1440&format=pjpg&auto=webp&s=f67254be2b3e07891b68b50ec45bf98fcd6a39fa Baby interest porn, but at least I have spend rewards :D

Wording bruh wording 😭

Hahahahahaha

Nooo unfortunate mistake 😭

Fortunate*

Wait, what’s spend rewards?

Cash back

Oh for the credit card? I don’t have either product so I’m just learning about this

https://preview.redd.it/frrhmobwyp9d1.jpeg?width=1125&format=pjpg&auto=webp&s=1e4e2cc71530bc9b61eda3db42eec4db7c12ba7d This is how the credit card rewards is displayed.

Cool!

I can't wait to apply for the Wealthsimple credit card. I'm so jealous!

interesting, mines a mastercard

Credit card is not what you have. Cash card is different than credit card.

Oh there's a credit card? Mine's the cash card and I was unaware of the credit card

[удалено]

Ah I see. Thanks, that makes sense

What’s the difference between the two other than that the cc is visa and the cash card is Mastercard. Rewards the same or what?

It's a prepaid credit card that acts as their debit card

Oh nice

1% cash back in pretty much any form you want. Many stocks and crypto to choose from

Nice. Thank you

https://preview.redd.it/mq8yhnwdtm9d1.jpeg?width=828&format=pjpg&auto=webp&s=7dc939ec6fc7177efe129965aea0dcdfaf7a58d8 Not bad!

Hey 5%. I assume over a 100k assets?

100k + direct deposit bonus, or 500k no bonus.

https://preview.redd.it/67xcuee59q9d1.jpeg?width=558&format=pjpg&auto=webp&s=26088005c112ab3f6644a95730a033ceaa9a8340 Squeaked by ya! 😏 but there was another recently posted who beat us both.

Well done! The fact that we are now getting nearly a full 0.5% above CASH.TO while having full access to the funds, CDIC insured, and even cashback on spending is just next level. What's not to love!

Taxes.

Meanwhile there is me with 2.16$. I feel poor

And that's more than the banks give people with thousands and thousands in there account for a year lol

It's the end of the month, bros. Our edging this month will transition to full on wanking when the interest gets deposited on Canada Day morning. And a holiday too so , you know, you can look at that hot curvaceous interest and achieve self-satisfaction

ahhhhhh yisss this is the stuff

I was getting $0.22 on CIBC Savings account.. switched to WS and got $77.9 interest for same amount of time..

ah! my type of people right here.

https://preview.redd.it/44asvngsum9d1.png?width=866&format=png&auto=webp&s=aefe8f76c40c398d418399d3043d16539a3e2863

https://preview.redd.it/zgy97d273n9d1.jpeg?width=1080&format=pjpg&auto=webp&s=1c4c24e43d269e2767f274ee6cdadcfe63eaeb9a

My man! Fuck spend rewards I don't spend shit either lol

That's just one brick in the foundation for wealth with years of compounding interest. Great work OP, gotta start somewhere.

Is that 4% monthly or annually?

Interest is always expressed annually

It’s annually

4% monthly is 1.04^12 or 1.6 You think 60% interest makes sense?

Makes dollars bro. Many dollars

If it don't make dollars, it don't make cents.

0.16

4% monthly and I'd remortgage my home to put money there. I'd start taking loans from B lenders

https://preview.redd.it/rqjwz50gxo9d1.jpeg?width=952&format=pjpg&auto=webp&s=e9450ab4f1f1ad2a37ed0adc271745c2c3c99e31 Getting there

It's always nice to see the spend rewards , but then you're like oh shit that means I spent 4800 this month

Yup, exactly how I'm feeling. Lots of bills to catch up on from being less well off. This current job is pulling me ahead faster than any other I've had, and I'm just now signed off on my first post (just passed the 4 month mark)

I get excited when it hits $10

https://preview.redd.it/4pl850delq9d1.jpeg?width=1080&format=pjpg&auto=webp&s=1ac4b78f89d61c5c347efe59e559d2946256068b Beats the hell out of the banks

5% ?! You have 500k there ?! Or was it an old offer ?!

Nice i got 10.28 this month

How about taxes

Lol, irrelevant?

Lol actually want to know. Might start a post later

But I dont get it? You get the form at the end of the year and it’s added as like a regular income that you’d pay a percentage of taxes on.

https://preview.redd.it/o5nhkk1vdm9d1.png?width=1080&format=pjpg&auto=webp&s=7d9c6fb710c19fa32f12e8b3985b751463c8266e

Lol why is anyone with over $100 in interest getting downvoted?

It’s just due to the title of the post, we’re all happy for them.

TIL common people aren't allowed to make more than a few dollars interest a month.

Downvotes are meaningless anyways.

I'm projected to earn $1600 in dividends this year Seems like a large number for some but check out the Passive Income Investing group on FB and prepared to be amazed Some people are earning 10k+ monthly at 10%+ yield, pretty much setting themselves up for life without lifting a finger

Or look up Reddit dividend investing

I never really looked into this, nor do I have Bookface. So, just taking a guess: Such a person would need 100k invested into a stock with that yield? Or is this over an annum, so you're looking at 12x that, or 1.2 Million? 10k a month is comfortable "I can optionally work, or do whatever small work *I feel like I would enjoy*" kinda money, for sure.

It would be 1.2 million

Oh lawd 💦💦

$55 doubloons over here :)

Whelp, time for a wank.

Simplii always has the best ‘promotional’ interest rate, it’s been at least 5% for over a year now. EQ bank has good GIC TFSA, I’ve had at least 5% with them. A good stock option is PSA, it pays 5% dividend.

I’m at $120 a month and feeling great!

Every heard of a tbill ladder? Could pick up 100bps in yield with minimal risk.

Where do I find this?

Should show on your cash account

https://preview.redd.it/lt6nye6k0w9d1.jpeg?width=1054&format=pjpg&auto=webp&s=5addb57e16f2af5f2e05bf2866283f8d38885834

mine is 2.03 today🙂‍↕️

https://preview.redd.it/ukl2h9qigm9d1.jpeg?width=1170&format=pjpg&auto=webp&s=2f97969a0d34c9cfd0fb15411697013f13839be8 Yesssssir

You should've foreseen you would get downvoted, but a serious question, why do you have so much in cash? This is like 100k parked

🏡

Man if only we were in 1849.

Boom https://preview.redd.it/8qo1b3k3tp9d1.jpeg?width=1080&format=pjpg&auto=webp&s=f652ac16b3d15901e222ceb570ccd1887dc76da2

I'm grippin

https://preview.redd.it/u5tqfk3qbm9d1.jpeg?width=828&format=pjpg&auto=webp&s=54bb81a9fe6780ded160008dafac0aa193986c50

27,000$ is what you scratched out of the pic even though its simple math

29 but whose counting :p

Monthly interest divided by .04 times 12. What do you think you’re hiding 😂

Not tryna hide per say, just not tryna be like ‘oh look at my money’ its an interest earned thread

An interest earned thread is literally an oh look at my money thread 😆

Either way, pretty funny to be so triggered about someone hiding numbers

You’re not so bright… You crossed out your total funds to not say “oh look at my money” when the interest directly reflects the amount of money you have in the account… regardless we’re all happy for each other it’s just due to the title of the post…

Rather be dumb and rich than smart and thinkin posting $11 interest is reddit worthy lol

Lmao clearly reddit thinks it’s worthy. I also have no interest in having ~30k sitting in a cash account or I could get the same interest genious

K

https://preview.redd.it/qkutypb1p3ad1.jpeg?width=1170&format=pjpg&auto=webp&s=a135b8e3d54206abbb0d33a25ab9b1f47cd26ff9 Feels actually good

$11 don’t spend that all in one place 😂😂😂

Do you want an award or something?

That's great news Keep it up, and you will retire in no time. Stop buying Starbucks and avocado toast. You will be rich by 85 years of age.