4%¹ makes goals possible

Earn 4% interest¹

No monthly fees

Legal Disclaimers

<sup>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 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.

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.</sup>

Do I need a minimum deposit or balance on my account? 

Got questions?

We've got answers.

No minimum deposits

Earning the trust of Canadians every day

Start earning 4% in minutes¹ 

• Open up to 10 accounts
• Deposits are eligible for CDIC protection²

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 4.00% 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. 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? 

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 transfer funds into your Neo HISA to grow your money quicker or move money into your Neo Everyday account to make transactions. Learn more about sending an INTERAC e-Transfer^®, paying bills, or completing other transactions with a Neo Everyday account. 

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.

Move money freely

Transfer money instantly between multiple Neo accounts

No fees to link external bank accounts 

• No minimum deposits
• No monthly fees

• Earn 4% interest every day¹
• Track your goals using the Neo app