u/wembiski

Does anyone use Simplii or other no-fee bank/

Any good address if firstlast taken??

I'm looking to get my first credit card to start building my credit score. Any credit card recommendations?

Hi everyone,

I just found out that Simplii Bank is offering a $500 bonus right now if you set up a direct deposit with them. Plus, their high-interest savings account has an insane 4.60**% rate** for 5 months - which is way higher what most banks are offering right now.

You have to set up direct deposit of at least $100 a month for 3 consecutive months, so technically it doesn't even have to be your payroll.

I've been using them for a year now, and honestly, it's been a smooth experience, the UI is the same as CIBC (their parent company), and you have access to free use of all of their CIBC ATMs.

Just thought I'd share while the promo is still active so you can take advantage of the savings rate and get $500 for basically doing nothing.