Neo Financial · Savings
No monthly fee, 2.75% interest.
Fees and rates verified 2026-08-19Published fee scheduleWe earn nothing from any institution hereHow we research
What it costs
- Monthly fee
- None
Interest
- Posted rate
- 2.75%
- What the rate depends on
- Tiered: 2.00% on $0 to $4,999.99, 2.50% on $5,000 to $19,999.99, 2.75% on $20,000+. Rate effective June 24, 2026; subject to minimum combined balance across Neo Savings, Neo Everyday and Neo High-Interest Savings.
Who can open it
- Minimum to open
- $0
- US dollar account
- No
Deposit protection
- Insured by
- CDIC
Where these figures come from
- Figures checked on
- August 19, 2026
- Source page
- www.neofinancial.com
- Fees and terms
- Published fee schedule
Notes
No minimum deposit or minimum balance; up to 10 accounts, joint accounts available.
Where the institution contradicts itself
The product page is titled 'high-interest-savings' and shows the 2/2.5/2.75 tiers, while the rates page lists a separate 'Neo High-Interest Savings account' at 1.25%. Neo appears to run two distinct savings products under similar names.
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Where this came from. Every figure on this page is taken from the institution’s own page or its published fee schedule, never from another comparison site, and a field is left blank rather than guessed at. Rates and fees change without notice, so confirm with the institution before opening anything. We receive no payment from any institution listed here.