Neo Savings: One account to save, spend, and earn 1.3%* interest

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.

Forget everything you knowabout “savings” accounts

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.

Grow your money

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 grow.

Keep it simple with the account that does it all

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.

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.

100% digital experience

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

3 easy ways to fund your account

Start today with as much (or as little) as 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.

Get to know Neo

We're building something better.

Made in Canada, for all of Canada.

There are more great things to come.

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

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

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

Neo Savings is not available to Quebec residents. Don't worry-we're coming soon.

How we stack up

Traditional Banks**

Savings rate

1.3%*

0.05%

Free

Interac e-Transfers®

$1-$5 each

Free

Bill payments

Up to $5

Coming soon

Neo to Neo transfers

Mobile bank to bank transfers

Coming soon

Mobile cheque deposits

For a fee

Paper cheques

Join now in 3 minutes from your device

Find out how Neo can support your financial goals today.

FAQ

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, earn instant cashback at your favourite stores, and get real-time notifications when you spend and save, all without monthly or annual 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.


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


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.


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.


Have questions or want to chat? Our friendly support team is on it

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

*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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