4.6/5
Our Rating
Best for: High interest savings
Neo Savings Account
Earn one of Canada’s top interest rates and access your money anytime. Increase your interest earned based on your membership tier, with Grow accounts rewarding you best. No promo codes, no switching accounts, no waiting.
Neo Savings Account
4.6/5
Our Rating
Earn one of Canada’s top interest rates and access your money anytime. Increase your interest earned based on your membership tier, with Grow accounts rewarding you best. No promo codes, no switching accounts, no waiting.
Account Details
Offer Headline
N/A
Monthly Fee
$0
Our Rating
4.6/5
Account Type
Savings
Account Category
Personal
Institution
Neo Financial
Offer Details
No offers available from Neo
Interest Rates
Savings account interest rate
2%
Build Membership interest rate ($0-9.99/month)
2.5%
Grow Membership interest rate ($14.99/month)
2.75%
Account Fees
Account Fees
Monthly Fee
$0
eStatement
Included
Transactions
Transactions
Unlimited free
Interac e-Transfers
Unlimited free
Our Detailed Review
Earn up to 2.75% interest1
- Get up to 2.75% interest, determined by your membership tier
- No promotional or limited-time offers — rates increase depending on membership
- Earn up to $508 more each year than at traditional banks
- Personalize up to 10 accounts with custom names, icons, and amounts for each goal. Whether it’s a vacation or an emergency fund, you’ll accomplish them sooner.
- Manage your money instantly between multiple accounts on the Neo app. Connect an external bank account and make money transfers between institutions a snap.
¹Interest Rates (based on membership tier):
Membership | Interest Rate |
|---|---|
Standard savings | 2.00% |
Build Membership ($0-9.99/month) | 2.50% |
Grow Membership ($14.99/month) | 2.75% |
Legal
1 Earnings for the Neo Savings account are derived from the interest Neo earns on the funds. Neo shares interest at the advertised rate of return for the Neo Savings account, and earnings are calculated daily on the total closing balance and paid monthly. Interest earnings are paid at Neo’s discretion. Current interest rates available here. Rates are per annum and subject to change without notice.
Neo Financial is not responsible for maintaining accuracy of content on this site. Please refer to Neo's site for the latest product details.