High-interest savings isn’t just for adults
Organize all your money goals and save faster with a Neo Cash account. Get features designed for teens 13 to 17 years old¹.
Personalize your savings to match your goals
Whether you’re saving up for something you want to buy soon or putting away money for the future, Neo can help you get there. Open multiple accounts for all your savings goals, personalize goals with names and icons, and move money freely between your accounts.
Reach your goals faster with no monthly fees
We want you to get the most out of your money, so it wouldn’t make sense to charge monthly fees or require minimum deposits. That’s why you get to keep every dollar in your account to focus on achieving your money goals and setting new ones.Make your money earn more money
If you have an upcoming graduation trip or just a never-ending wish list of things you want to buy, you can make your savings goal a reality by earning 2.5%² annually (paid monthly). No gimmicks, minimum deposits, or commitments.
Want to learn more about high-interest savings?
Check out the Neo Blog for articles on everything you need to know about high-interest savings.
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¹ 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.² Earnings for the Neo Cash account are derived from the interest Neo earns on the funds. Neo shares interest at the advertised rate of return for the Neo Cash account, and earnings are calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.The Neo Cash account is offered by Neo Financial Technologies Inc. (“Neo”), a FINTRAC-registered money services business. The funds added to Neo Cash accounts are ultimately held securely in trust in the name of the primary account holder with one or more member institutions of the Canada Deposit Insurance Corporation (“CDIC”). Neo is not a CDIC member institution; however, eligible funds held in trust are insured by CDIC for up to $100,000 per beneficiary, per member institution in the event of a member institution’s failure, provided certain disclosure rules are met. Funds are settled with any CDIC member institution within three business days of the funds being reflected in your account. Neo appointed Olympia Trust Company as the Trustee to hold funds in the Neo Cash account in trust.There are no transaction fees applicable to the Neo Cash account. If you require a printed version of a monthly statement or other document, a $5 fee applies for each printed document.The JA Money card is a prepaid Mastercard® issued by Neo Financial pursuant to license by Mastercard International Incorporated. The JA Money card is powered by the Neo Everyday account, which is provided by Peoples Bank of Canada.