Savings that actually grow
Watch Your Money Grow
*Based on a $10,000 balance over 5 years with an interest rate of 1.55%*, void of tax, inflation or other variables which may impact savings. This calculator is provided for illustrative purposes only.
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Safe and secure with Neo
The Neo Savings account is provided by Concentra, a CDIC member institution, and is eligible for CDIC deposit protection. Deposits held in Neo Savings accounts are combined with eligible deposits held at Concentra Bank, for up to $100,000 of deposit protection, per category, per depositor.
Move money with ease
- Make deposits
- Pay bills
- Transfer funds
- Withdraw cash
- Send money
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Absolutely. We’re here to give you the most out of your money, so you keep the extra cash and do what you want with it.
No. You’re saving every bit possible, so you can focus on knocking off your financial goals and setting new ones.
Earn 1.55% interest on your entire Neo Savings balance, no matter if you’re a new or an existing member. We offer one of the highest rates in Canada and it’s not an introductory or promotional rate. Earn up to 30x more than a traditional bank. Compare Neo Savings with the top high-interest savings accounts.
Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice. Check here to calculate your savings.
Yes. The Neo Savings account is provided by Concentra Bank, a CDIC member institution, and is eligible for CDIC deposit protection. Deposits held in Neo Savings accounts are combined with eligible deposits held at Concentra Bank, for up to $100,000 of deposit protection, per category, per depositor.
The Neo Savings account makes it easy to make deposits, withdraw cash, send transfers and pay bills. To send and request money, add a contact from your phone’s address book or create them manually. Transfers are sent via Interac e-Transfer®. To pay a bill, add an organization to the Payments section in the Neo app.