Shakepay savings account
A new home for your savings
Set aside cash and bitcoin in a dedicated account, away from everyday spending. Cash earns interest daily, paid weekly in bitcoin. No lockups, no minimums, no nonsense.
Limited time offer
Blue customers earn 5% on cash savings
Shakepay Blue customers can earn 5% on the first $100,000 cash held in savings. Balances above $100,000 earn 3%. Interest is paid weekly in bitcoin.
Rates are subject to change. Shakepay will provide at least 30 days notice before changing the 5% rate.
Set aside, not spend
Savings is separate from your everyday balance and card purchases. Exchanges do not draw from the money you set aside.
Earn interest in bitcoin
Cash in savings earns interest daily, and interest is paid weekly in bitcoin.
No lockups or minimums
Move funds back to your main Shakepay balance anytime. Savings is designed to feel separate, not stuck.
Built on Shakepay trust
Over 1.5M Canadians use Shakepay. Savings is built into the same Canadian platform people already use to buy, earn, send, and save with bitcoin.
A Canadian community
Shakepay is already part of how Canadians buy bitcoin, earn rewards, and move money day to day.
Regulated in Canada
Registered and regulated by leading Canadian authorities.
CIRO, AMF, FINTRAC
CDIC-covered cash
Cash in savings is CDIC covered up to $100,000 through our partner institution. Bitcoin is not protected by CDIC or CIPF.
How Shakepay savings works
Open savings in the app
Tap the savings card, choose your settings, and set up your account in a few taps.
Add cash or bitcoin
Move funds from your main Shakepay balances into savings. Cash and bitcoin are held separately.
Rewards land here
You can route bitcoin rewards, including interest payments, to bitcoin savings automatically.
Move money back anytime
Need it back? Transfer funds from savings to your main balance whenever you want.
FAQ
How is interest calculated?
Interest is calculated daily and paid weekly in bitcoin.
Who can use savings?
Savings is available to eligible Shakepay customers. Personal accounts must be at least partially verified, with a verified email address and phone number. Business accounts must be fully verified and have the required risk profile completed. Availability may be introduced gradually.
Is Shakepay regulated?
Savings is offered jointly by Shakepay Inc., a member of the Canadian Investment Regulatory Organization (CIRO) and registered as an investment dealer with the Autorité des marchés financiers (AMF), and Shakepay Financial Inc., registered as a money services business with FINTRAC and as a payment service provider with the Bank of Canada.
How are my savings funds protected?
Your Shakepay Card does not draw from savings, so card purchases cannot spend your savings balance. Cash in savings is CDIC covered up to $100,000 through our partner institution. Bitcoin is not protected by CIPF or CDIC.
Why can't I use savings?
Savings may require the latest version of the Shakepay app. You may also need to complete verification or resolve an account restriction. Contact Shakepay Support if the issue continues.
Made in Canada 🍁
Regulated
FINTRAC #M17065696
Shakepay is a member of the Canadian Investment Regulatory Organization (CIRO) and is registered as an Investment Dealer with the Autorité des Marchés Financiers (AMF) and the securities regulatory authorities in all Canadian provinces and territories.
