With Neo, earn up to 130X† more than at traditional banks, all with no annual or monthly fees!

The Neo Savings account is provided by Concentra Bank.

This account does it all.

Earn huge interest

Forget fees

Move and send money

Earn 1.3%* interest on every dollar with one of the highest interest rates in Canada.

No monthly fees or minimum balances, with unlimited free transactions.

Pay bills, make deposits, send and receive Interac e-Transfers®, all from one account.

Earn 1.3%* on every dollar

Get the most out of your money with a market leading interest rate.

Know how much you're earning

Seeing is believing. Track your interest earned with a tap.

Earn daily and get paid monthly

Interest is calculated daily and paid to you monthly. Watch it rack up.

Move your money with ease

Use your Neo Savings account for Interac e-Transfers®, bill payments and direct deposits.

Unlimited free transactions

No monthly fees and no minimum balance required. 

Link external accounts

Add your other bank accounts to Neo to easily withdraw and deposit money.

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.

Say goodbye to branches and long lines for good. Manage everything from your device, whenever and wherever you want.

1.

Send an Interac e-Transfer®

Send your Neo Savings an Interac e-Transfer® from your existing account.

Link your existing account

2.

Simplify moving money between accounts. Withdraw and deposit anytime.

3.

Set up direct deposit

Get paid to your Neo Savings account and you'll earn interest on your pay cheque.

We're building something better.

We're challenging conventions with a smarter spending, saving and rewards experience for Canadians.

There are more great things to come.

We're actively expanding our products, with new products launching this year.

Made in Canada, for all of Canada.

Neo is available coast to coast for everyone to enjoy and get rewarded.

Neo Savings is not available for Quebec residents. We're coming soon!

Traditional Banks**

Savings rate

1.30%*

0.05%

Free

$1-$5 each

Interac e-Transfers®

Bill payments

Free

Up to $5

Neo to Neo transfers

Coming soon

Mobile bank to bank transfers

Mobile cheque deposits

Coming soon

Paper cheques

For a fee

Find out how Neo can support your financial goals today.

What is Neo and how is it different?

Neo is a Canadian tech company that reimagines the way people spend, save and earn rewards. We’re helping you make the most out of your time and money by building from the ground up using today’s technologies.

You can open an account within minutes and get real-time notifications when you spend and save, all without monthly or annual fees.

Do I have to pay fees?

There are no annual or monthly fees. 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.

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

No. You’re saving every bit possible, so you can focus on knocking off your financial goals and setting new ones.

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

Earn 1.30%* interest on your entire Neo Savings balance, no matter if you're a new or an existing member. Neo Savings 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. 

Is my money insured?

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.

Contact support 7 days a week from 8:00 am to 8:00 pm MT.

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

†Based on research comparing high-interest savings rates of Canada’s ‘Big 5’ banks using a $100 investment, excluding promotional rates and rate premiums. Research was conducted by Neo Financial and based on data taken from public websites as at May 12, 2021.

**Based on research comparing high-interest savings accounts of Canada’s ‘Big 5’ banks, excluding promotional rates and rate premiums. Research was conducted by Neo Financial and based on data taken from public websites as at February 22, 2021.

® Trade-mark of Interac Inc. Used under license.

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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.

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