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Neo Savings Account

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Special Offer

Up to 3% interest

Account Type

Savings Account

Public

Consumers

Monthly Fee

See all accounts from Neo

Neo Savings Account

Up to 3% interest

Apply Now

Offer

Up to 3% interest

Grow your savings with 3% interest on every dollar (minimum balance of $20,000). There are no monthly fees.

Savings planning and reaching savings goals

Open up to 10 accounts for all your savings goals, customize account names and icons, and move funds between accounts instantly.

Progress monitoring

Track multiple savings goals at once in the Neo app and watch your savings grow over time.

Fees

Account Name Neo Savings Account

Public Consumers

Special Offer Up to 3% interest

Monthly Fee $0

Our review

Neo is a digital alternative to the big Canadian banks. It offers no-fee credit cards and a high-interest savings account.

The Neo Savings account offers an interest rate of up to 3% on the entire balance, with no monthly fees. To open an account, you must be over 13 years old (14 years old in Quebec).

The main features of the account are as follows:

No monthly fees or transaction fees
No minimum balance required
E-transfers and bill payments available
Interest rates (based on balance):
- $0 – $4,999.99: 2.25%
- $5,000 – $19,999.99: 2.50%
- $20,000 and up: 3.00%