The Globe and Mail reports in its Tuesday edition that you know cash is a hot asset when Wealthsimple latches on to it for a new client offering. The Globe's Rob Carrick writes that Wealthsimple brought a zero-commission stock-trading app to Canada, plus crypto, and access to venture capital and private credit. Now Wealthsimple has something for people stockpiling cash. Up to $300,000 can be parked in the Wealthsimple Cash account with deposit insurance for the full amount and an interest rate as high as 4 per cent. It is a unique offer aimed directly at people who have been shuffling money around between banks to stay within deposit insurance limits and maximize interest. Definitely an older crowd than you might associate with Wealthsimple, which has traditionally aimed at a younger clientele. Cash is hot right now because interest rates remain high, because cash saved during pandemic lockdowns has not been fully spent and because there is a lingering hunger for security in these financially uncertain times. The 4-per-cent interest rate applies to clients holding at least $100,000 in deposits or assets across their Wealthsimple accounts. Mr. Carrick cautions that Wealthsimple can lower the rates any time it likes.