I bank with TD but keep most of my money in Wealthsimple.
Here's why:
TD Every Day Chequing: $11.95/month (waived at $3,000 balance), no interest.
TD Every Day Savings: 0.01% interest. On $10,000, that's $1/year.
Wealthsimple Chequing: $0 fees, 1.25% - 2.25% interest, CDIC insured
On that same $10,000, Wealthsimple pays roughly $125/year. TD pays $1.
Why would anyone leave cash sitting in a big bank in 2026?