Simplii

Simplii Financial is a subsidiary of CIBC. The fee is comparable to Motusbank, and exceeds that of Tangerine. We still found that they fall short of the standard set by Motusbank or EQ Bank. Simplii offers 0.05 interest on their chequing accounts, which falls short of Motusbank's 01.5%. For their high-interest savings account, they offer 0.10% which is underwhelming compared to Motusbank's 1.0%. Simplii Financial's mortgage rate is slightly higher than that of Motusbank.