Why promotions over Wealthsimple?
Alright so I am about to start transferring my registered accounts over to TD for that spring promotion of 2% for 1 year.
Thing is, is there a reason to do these promotions when with wealth simple you can get 2.25% for having more than 100k with them (1.75%) and then also having my pay cheques direct deposited into wealth simple (extra 0.5%) ?
I’ve been doing my investing through RBC just to keep it simple and have everything under one roof but I was gonna start jumping around on these promotions but I feel like for the most part you’ll get more just holding >100k through wealth simple, or am I missing something?
EDIT: Alright I’ve definitely mixed up everything and not truly understood the difference, thanks everyone for making it make more sense. I blame it on me being on a night shift tonight 🙃