Neo Financial Savings Account
Neo Financial is a Canadian, technologically driven financial services company. They offer Neo Savings which does everything an everyday bank account does but earns a higher interest rate. No minimum balances or monthly fees. Simply pay bills, make Interac e-transfers, deposits and withdrawals, all from one convenient place
High Interest Savings Account : You can grow your savings faster
Earn 2.25%* on every dollar with Neo Savings.
The Interest rate is calculated daily on the total closing balance and paid monthly.
Move your money with ease
Pay bills, make deposits, send and receive Interac e-Transfers®, all from one place.
No Monthly fees
No monthly fees or minimum balances, with unlimited free transactions.
Safe and secure with CIIC insurance
The Neo Savings account is provided by Concentra, a CDIC member institution, and is eligible for CDIC deposit protection. Deposits held in Neo Savings accounts are combined with eligible deposits held at Concentra Bank, for up to $100,000 of deposit protection, per category, per depositor.
Open an account in minutes.
Manage everything from your phone, whenever and wherever you want.
Neo Savings in not available for residents of Quebec currently
How to Open a Neo Financial Savings Account
You’ll need to download Neo mobile app either on the app store or Google Play to open an account at Neo Financial. You will also need a government ID and take a picture with your mobile phone and meet the eligibility requirements below:
- You're a Canadian resident
- You've reached the age of majority in your province or territory
- You have a Social Insurance Number