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Neo Financial

Neo Savings Account

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FreePartnerSpecial Offer
Learn More

on Neo Financial's website

Monthly Fee
$0
Promo Rate
—
Regular Rate
2.75%
1st Year Value
—

Pros & Cons

Pros

  • +No monthly fee
  • +Competitive interest rate (2.75%)

Cons

  • –Limited transactions

Current Promotion

Neo is a digital alternative to the big Canadian banks. It offers no-fee credit cards and a high-interest savings account.
The Neo Savings account offers an interest rate of up to 2.75% on the entire balance, with no monthly fees. To open an account, you must be over 13 years old (14 years old in Quebec).
The main features of the account are as follows:
  • No monthly fees or transaction fees
  • No minimum balance required
  • E-transfers and bill payments available
  • Interest rates (based on balance):
    • $0 – $4,999.99: 2.00%
    • $5,000 – $19,999.99: 2.50%
    • $20,000 and up: 2.75%

Account Features

  • E-StatementNot included
  • Unlimited TransactionsNot included
  • Unlimited Interac e-TransfersNot included

Special Offer

Up to 2.75% interest

Terms and conditions

Up to 2.75% interest

  • Grow your savings with 2.75% interest on every dollar (minimum balance of $20,000). There are no monthly fees.

Savings planning and reaching savings goals

  • Open up to 10 accounts for all your savings goals, customize account names and icons, and move funds between accounts instantly.

Progress monitoring

  • Track multiple savings goals at once in the Neo app and watch your savings grow over time.

Related Accounts

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*Conditions apply.

Conditions apply. All information is believed accurate but not guaranteed. Account details, rates, and offers are subject to change at any time. Always verify the latest terms on the institution's website. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or rankings. © 2026 Neo Financial. All trademarks are property of their respective owners.