Voted Canada’s Best High-Interest Savings Account¹

2.25% interest²

No annual fees

Trusted by 1M Canadians

We’re making headlines

Earn up to 225x more³ than at a traditional bank⁴

2.25%

$0

$0

2.25% interest² on every dollar

No annual or transaction fees

No minimum balance required

Unlimited free transactions

Direct deposit

Seamlessly set up direct deposit to maximize your savings.

Free Interac e-Transfer®

Send and receive money with free Interac e-Transfer® requests.

Auto-Pay

Never miss a payment with Auto-Pay.

Safe and secure

With CIDC insurance⁵ for up to $100,000 and security you can count on, you never have to worry about your money.

Fund your account in three ways

Send an Interac e-Transfer®

Link your existing accounts

Set up direct deposit

Deposit funds into your Neo Money™ account using Interac e-Transfer®.

Easily withdraw and deposit funds between accounts at any time.

Earn interest on your paycheque when you set up direct deposit.

Here's why Canadians love Neo

1 million Canadians are already using Neo to better spend, save, and earn. 

Questions? We have answers.

Neo is a Canadian tech company that reimagines the way people spend, save, and earn rewards. We’re helping you make the most out of your time and money by building from the ground up using today’s technologies.

You can open an account within minutes, earn instant cashback at your favourite stores, and get real-time notifications when you spend and save, all without monthly or annual fees.


There are no annual or monthly fees. We’re here to give you the most out of your money, so you keep the extra cash and do what you want with it.


No. You’re saving every bit possible, so you can focus on knocking off your financial goals and setting new ones.


Earn 2.25%* interest on your entire Neo Money™ balance, no matter if you're a new or an existing member. Neo Money™ offers one of the highest rates in Canada and it's not an introductory or promotional rate.

Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.


Yes. The Neo Money™ account is provided by Concentra Bank, a CDIC member institution, and is eligible for CDIC deposit protection. Deposits held in Neo Money™ accounts are combined with eligible deposits held at Concentra Bank, for up to $100,000 of deposit protection, per category, per depositor.


¹ As awarded on August 25, 2021 by the Financial Post.


² Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.


³ Based on research comparing high-interest savings rate of Canada’s ‘Big 5’ banks using a $100 investment, excluding promotional rates and rate premiums. Research was conducted by Neo Financial and based on data taken from public websites as at August 10, 2022.


⁴ Based on research comparing high-interest savings accounts of Canada’s ‘Big 5’ banks, excluding promotional rates and rate premiums. Research was conducted by Neo Financial and based on data taken from public websites as at February 22, 2021.


⁵ The Neo Money™ Account is provided by Concentra Bank, a CDIC member institution, and is eligible for CDIC deposit protection. Deposits held in Neo Money™ Accounts are combined with eligible deposits held at Concentra Bank, for up to $100,000 of deposit protection, per category, per depositor. For more information about CDIC deposit insurance, please consult CDIC’s website Home - cdic.ca.


Neo Money™ is provided by Concentra Bank.


® Trademark of Interac Inc. Used under license.


The Neo Money™ account is provided by Concentra Bank, a CDIC member institution, and is eligible for CDIC deposit protection. Deposits held in Neo Money™ accounts are combined with eligible deposits held at Concentra Bank, for up to $100,000 of deposit protection, per category, per depositor. For more information about CDIC deposit insurance, please consult CDIC's website cdic.ca


Cards issued by ATB Financial pursuant to license by Mastercard International Inc. Mastercard® is a registered trademark and the circles design is a trademark of Mastercard International Inc.


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