Institution profile · Domestic bank (Schedule I)
Wealth One Bank of Canada
ActiveWealth One Bank of CanadaCDIC
Wealth One Bank of Canada is a Toronto Schedule I digital bank that received its letters patent in 2015.
Profile facts checked October 30, 2026
Mitey files the Wealth One Bank of Canada index card: best posted savings rate 2.75%.
What is Wealth One Bank of Canada?
Wealth One Bank of Canada is domestic bank, regulated by OSFI at the federal level. Eligible deposits are CDIC-insured to $100,000 per category. It doesn’t list personal accounts in FCAC’s Account Comparison Tool, so this page covers its official status, deposit protection, ownership and dated facts.
At a glance
- Legal name
- Wealth One Bank of Canada
- Type
- Domestic bank (Schedule I)
- Head office
- Toronto, ON
- Founded
- 2015 — Letters patent received July 22, 2015.
- Regulator
- Office of the Superintendent of Financial Institutions (OSFI) for safety and soundness; Financial Consumer Agency of Canada (FCAC) for consumer protection
- Best posted savings rate
- 2.75% on $10,000 (High Interest Savings Account)
- Website
- www.wealthonebankofcanada.com
Is my money safe at Wealth One Bank of Canada?
CDIC member.
Worked example — a household with four deposits at two CDIC members
| Deposit | Amount | Protected | Not protected |
|---|---|---|---|
| Member A: Own name | $130,000 | $100,000 | $30,000 |
| Member A: TFSA | $45,000 | $45,000 | $0 |
| Member A: Joint (You + partner) | $80,000 | $80,000 | $0 |
| Member B: Own name | $60,000 | $60,000 | $0 |
Total $315,000; protected $285,000; not protected $30,000. Try your own deposits in the deposit safety tool.
Names CDIC lists for this member: WealthONE.
What savings rates does Wealth One Bank of Canada pay?
| Account | Rate at $10,000 | Monthly fee |
|---|---|---|
| High Interest Savings Account | 2.75% | No monthly fee |
Is Wealth One Bank of Canada on the official lists?
| Legal entity | OSFI list | CDIC member |
|---|---|---|
| Wealth One Bank of Canada | OSFI — Schedule I domestic bank | Yes |
What else should you know about Wealth One Bank of Canada?
- Received its letters patent on July 22, 2015 from the Minister of Finance.Source: wealthonebankofcanada.com
- Describes itself as a Canadian-owned, federally chartered Schedule 1 digital bank regulated by OSFI.Source: wealthonebankofcanada.com
Your own pattern can change the order. Put your numbers into the true-cost finder to rank Wealth One Bank of Canada’s accounts against everyone else’s.
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