High-interest. No gimmicks.
NEO HIGH-INTEREST SAVINGS ACCOUNT
No promo rates that expire
1 Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.
2 Based on research of an initial balance of $10,000 in high-interest savings accounts, comparing and limited to: Tangerine, Simplii Financial, BMO, CIBC, RBC, Scotiabank, TD Bank, Wealthsimple and EQ Bank over a 12 month period. Research conducted by Neo Financial and based on data taken from public websites on March 1, 2025. Research includes promotional offers with a term of 0-5 months.
3 The Neo Everyday and Neo High-Interest Savings accounts are provided by Peoples Bank of Canada, a CDIC member institution, and are eligible for CDIC deposit protection. Deposits held in Neo Everyday and Neo High-Interest Savings accounts are combined with eligible deposits held at Peoples Bank of Canada, for up to $100,000 of deposit protection, per category, per depositor. For more information about CDIC deposit insurance, please consult CDIC’s website cdic.ca.
4 Research comparing and limited to: Tangerine, Simplii Financial, BMO, CIBC, RBC, Scotiabank, TD Bank, Wealthsimple and EQ Bank accounts with an initial balance of $10,000 over a 36 month period. Research conducted by Neo Financial and based on data taken from public websites on March 1, 2025. Research includes promotional offers with a term of 0-5 months.
Account only available to Canadian residents. You must be at least 13 years of age if you reside outside of Quebec; if you reside in Quebec you must be at least 14 years of age.
Do I need a minimum deposit or balance on my account?
Frequently Asked Questions
3% interest1 from day one
No—you get to save every bit possible, so you can focus on knocking off your financial goals and setting new ones. It’s a savings account after all.
How do you calculate interest?
Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.
Earn 3% interest¹ on your entire balance, no matter if you're a new or an existing member. Neo offers one of the highest rates in Canada, and it's not an introductory or promotional rate.
Is my money insured?
The Neo High-Interest Savings account is provided by Peoples Bank of Canada, a CDIC member institution, and is eligible for CDIC deposit protection. Deposits held in Neo High-Interest Savings accounts are combined with eligible deposits held at Peoples Bank of Canada, for up to $100,000 of deposit protection, per category, per depositor. For more information about CDIC deposit insurance, please consult CDIC’s website cdic.ca.
How do I open a high-interest savings account with Neo Financial?
You can get a Neo High-Interest Savings account in less than three minutes by clicking here.
You just need to be over 13 years old (14 in Quebec) and have a Canadian SIN. When your application for a Neo High-Interest Savings account is approved, you can add funds to start earning interest right away! Create a profile to start saving from a Neo High-Interest Savings account.
Do you have a monthly fee?
Nope! You shouldn’t have to pay to save money. That’s why the Neo High-Interest Savings account has no monthly fees. Every dollar you deposit goes directly into earning interest and growing your money.
Do you charge a fee for moving funds?
No, we don’t charge a fee for moving funds. You can seamlessly transfer funds into your Neo HISA to grow your money, move it to other Neo accounts, or link an external account to access you money at any time.
When do I earn interest in my HISA?
Interest is calculated daily based on your total closing balance and paid at the start of the following month. You earn compound interest in your HISA, calculated from your principal and accumulated interest.
How much interest will I earn in my Neo HISA?
The interest you earn is based on your account balance and interest rate. You earn more interest if you start saving earlier and make regular deposits into your account. Understanding how much interest you can earn helps with budgeting and financial planning. Log in to your account to see how much interest you earn and use our smart tools to track your savings.
No minimum balances
EN / FR
No monthly fees
Canada’s fastest growing company Awarded by the Globe and Mail
4.8 ★ ★ ★ ★ ★
on the App Store
1.3M+ Customers
Eligible for up to $100,000 CDIC Deposit Protection³
Our rates are great, our ratings are even better.
Start earning 3% today.¹
No monthly fees, no minimums
Earn 3% daily with no monthly or annual fees, and no minimum commitments.
Automate your monthly deposits
Put your savings on auto-pilot. Automatically add funds to your account on a schedule that works for you.
Safe & Secured
Save with peace of mind knowing your deposits are eligible for CDIC protection³
No monthly fees, no minimums
Earn 3% daily1 with no monthly or annual fees, and no minimum deposits.
Automate your monthly deposits
Put your savings on auto-pilot. Automatically add funds to your account on a schedule that works for you.
Safe & secured
Save with peace of mind knowing your deposits are eligible for CDIC protection.³
Get started in 3 easy steps.
Open an account in minutes
You’re less than 5 minutes away from 3% interest1 on your savings.
Customize your account
Set a savings goal and track your progress along the way.
Move money freely
Access your money wherever and whenever you need it.
Get 3% interest1 today.
