Best Neo Financial Savings Accounts in Canada

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TD First Class Travel^® Visa Infinite* Card

TD TD Rewards First-Year Annual Fee Rebate

Annual feeNo annual fee the first year: $0 $139
Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$800Annual fee rebated$139Annual credit$100Total$1,039Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.: $1,039
Welcome offerAfter $7,500 in 6 months: Up to 160,000 points

With the TD First Class Travel^® Visa Infinite* Card, you can earn up to 160,000 TD Rewards Points^† as well as an Annual Fee rebate for the first year^†:

20,000 TD Rewards Points for the first purchase made with your card^†
140,000 TD Rewards Points when you spend $7,500 within 180 days of account opening^†
A Birthday Bonus of up to 10,000 TD Rewards Points^†

Get an annual TD Travel Credit^† of $100 when you book at Expedia^® For TD, and enjoy your time at the airport with global airport lounge access and 4 complimentary lounge visits with Visa Airport Companion Program (a value of up to $277)^†.

With the TD First Class Travel^® Visa Infinite* Card, you earn:

8 TD Rewards Points^† for every $1 you spend when you book travel through Expedia^® For TD^†
6 TD Rewards Points^† per dollar on your grocery, dining and public transit purchases
4 TD Rewards Points^† per dollar on your recurring bill payments and purchases of streaming services as well as digital games and media
2 TD Rewards Points^† per dollar on all other purchases made with your card

This card also allows you to enjoy a range of travel benefits, including an annual travel credit, complimentary airport lounge visits, and a birthday bonus that boosts your points each year^†.

Legal

^†Terms and conditions apply.

Annual fee

Primary card$139

Additional card$50

Annual income required

Individual$60,000

Household$100,000

Conversion fees

2.5%

Earning rate

6xGroceries
6xRestaurants
6xTransit
4xBills & recurring payments
4xStreaming
2xAll spending

Value

1st Year Value$1,406

2nd Year Value$531

Card benefits

Concierge service24/7

Airport lounge access$160

Travel insurance

Travel medical (under 55)Up to $2,000,000 / 21 days

Travel medical (55-64)Up to $2,000,000 / 21 days

Travel medical (65+)Up to $2,000,000 / 4 days

Trip CancellationUp to $1,500

Trip InterruptionUp to $5,000

Delayed BaggageUp to $1,000

Lost BaggageUp to $1,000

Flight DelayUp to $500

Hotel BurglaryUp to $2,500

Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded

Extended Warranty+1 years

Mobile DeviceUp to $1,000

Auto Rental CollisionUp to $65,000 / 48 days

Bank accounts to compare

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Neo Savings Account

Neo Financial

Monthly fee: $0
Regular interest: 2%; Annual rate with the free Essentials membership. Build: 2.50% ($0–9.99/month); Grow: 2.75% ($14.99/month). The rate depends on membership, not a balance tier.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source
Account highlights: 2.00% interest (up to 2.75% with a paid Neo membership: Build $0–9.99/month, Grow $14.99/month)

Monthly fee: $0
E-statement: Not included

Regular interest: 2%Annual rate with the free Essentials membership. Build: 2.50% ($0–9.99/month); Grow: 2.75% ($14.99/month). The rate depends on membership, not a balance tier.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source

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 2.75% on the entire balance, with no monthly account fee (the Build and Grow memberships cost up to $9.99 and $14.99 per month). The rate no longer depends on your balance: it depends on the Neo membership you hold. 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 your Neo membership):
- Essentials membership (free): 2.00%
- Build membership ($0 to $9.99/month): 2.50%
- Grow membership ($14.99/month): 2.75%

Account highlights

2.00% interest (up to 2.75% with a paid Neo membership: Build $0–9.99/month, Grow $14.99/month)

Account details & conditions

Up to 2.75% interest

Your rate depends on the Neo membership you hold: 2.00% with the free Essentials membership, 2.50% with the Build membership ($0 to $9.99/month) and 2.75% with the Grow membership ($14.99/month). The rate applies to every dollar, with no minimum balance; the account itself has no monthly fee, but the Build and Grow memberships cost up to $9.99 and $14.99 per month.

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.

Read the full offer

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