Neo Money: One account to save, spend, and earn 1.45%* interest

With the Neo Money account, earn up to 145x† more than at a traditional bank, all with no annual or monthly fees!

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In 3 minutes with zero paperwork

The Neo Money account is provided by Concentra Bank.

Forget everything you knowabout “savings” accounts

This account does it all.

Earn huge interest

Forget fees

Move and send money

Earn 1.45%* interest on every dollar with one of the highest interest rates in Canada.

No monthly fees or minimum balances, with unlimited free transactions.

Pay bills, make deposits, send and receive Interac e-Transfers®, all from one account.

100% digital experience

Say goodbye to branches for good. Manage everything from your device, whenever and wherever you want.

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Grow your money

Earn 1.45%* on every dollar

Get the most out of your money with a market leading interest rate.

Know how much you're earning

Seeing is believing. Track your interest earned with a tap.

Earn daily and get paid monthly

Interest is calculated daily and paid to you monthly. Watch it grow.

Keep it simple with the account that does it all

Move your money with ease

Use your Neo Money account for Interac e-Transfers®, bill payments and direct deposits.

Unlimited free transactions

No monthly fees and no minimum balance required. 

Link external accounts

Add other bank accounts to Neo and easily withdraw or deposit money.

3 easy ways tofund your account

Start today with as much (or as little) as you want.

1.

Send an Interac e-Transfer®

Send your Neo Money an Interac e-Transfer® from your existing account.

2.

Link your existing account

Simplify moving money between accounts. Withdraw and deposit anytime.

3.

Set up direct deposit

Get paid to your Neo Money account and you'll earn interest on your pay cheque.

Safe and secure with Neo

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.

Have questions or want to chat? Our friendly support team is on it

Contact support 7 days a week from 8:00 am to 8:00 pm MT.

support@neofinancial.com
1 (855) 636-2265

FAQ

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 1.45%* 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.

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

†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 April 20, 2022

® Trade-mark 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.


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