Neo Savings for Students

Save Smarter. Earn up to 2.75% on your savings¹

Rated 4.8/5 in the app stores

Earn one of Canada’s top student interest rates and access your money anytime. Start saving in less than 5 minutes.

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savings

Built to Beat Traditional Savings Accounts

See how the Neo Savings account can put you ahead compared to the Big 5 banks.

Neo Savings

Traditional Banks²

Starting interest rate

2%

.35%

Interest earned (12 months)²

$400

$70

Transaction fees

$0

Often $5+

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Neo Savings

Neo vs your bank.
see the difference.

See how much more you could be 
earning with a Neo Savings account and a Grow membership at a 2.75% rate.

Neo Savings vs Other traditional banks

Interest rates that reward you

Earn one of Canada's top interest rates. Get up to 2.75%¹ on your savings, and access your money anytime.

  • ESSENTIALS

    2.00%

    Essentials membership is free.

  • BUILD

    2.50%

    Build membership is $9.99 per month.

  • GROW

    2.75%

    Grow membership is $14.99 per month.

Accounts tiering

Higher interest, automatically

Earn up to 2.75% interest¹. No VIP status, high net worth, or huge balances needed.

Instant access and easy control

Move or spend your money anytime. Open up to 10 accounts to organize your savings your way.

Savings with protection

Your money is eligible for CDIC protection, and you stay in full control of your savings with the Neo app.

Save together and earn more

Open a joint Neo Savings account to combine balances and reach higher interest rates faster.

  • One account, two account holders

  • Full visibility and control for both 

  • Interest paid monthly to the shared balance

  • Rates grow automatically as your balance increases

  • Perfect for housing student loan funds or large money transfers 

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Open an account in minutes

Start growing your money today—no waiting, no hassle.

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Frequently asked questions

Have a question about the Neo Savings account? We have answers.

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