Make your money grow, the easy way

Earn high-interest daily, paid out every month

Create multiple custom accounts

Track your progress at a glance

No minimum deposits, no monthly fees.

Accelerate your saving goals with Neo

Simple, flexible saving

Open up to 10 accounts to organize your money and track your goals at a glance

Move your money when and where you need to, with instant transfers between your accounts

Save with purpose by personalizing account names, icons, and goal amounts

Earn 4% interest¹ on every dollar

Earn high-interest on every dollar in every savings account

Deposits are eligible for CDIC protection²

Open an account in just 3 minutes

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Frequently Asked Questions

Legal Disclaimers

¹ Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.

² 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.

³ There are no transaction fees applicable to the Neo Money™ card, other than the 2.50% foreign exchange conversion fee. If you require a rushed card replacement, a $29 fee applies.

The Neo Money™ card is a prepaid Mastercard® issued by Equitable Bank pursuant to license by Mastercard International Incorporated. The Neo Money™ card is powered by the Neo Money™ account, which is provided by Concentra Bank.

The Neo Money™ account is provided by Concentra Bank, a CDIC member institution, and is eligible for CDIC deposit protection. Deposits held in Neo Money™ Accounts are combined with eligible deposits held at Concentra Bank, 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.

Neo Credit and Neo Secured Credit cards are issued by ATB Financial pursuant to license by Mastercard International Incorporated.

Mastercard® and the circles design are registered trademarks of Mastercard International Incorporated.

Cashback, perks, insights, and other offers and rewards are operated by Neo.

All product and company names, logos, brands, and images are trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

By using this website, you accept our Platform Terms and Conditions and Privacy Policy. © Neo Financial 2024

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.

Is my money insured?

Earn 4% interest¹ on your account balance, no matter if you're new or an existing member. The Neo High-Interest Savings account offers one of the highest rates in Canada and it's not an introductory or promotional rate. Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.

How do you calculate interest on a high-interest savings account?

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