Neo Financial bank accounts and rates

We track 3 Neo Financial accounts. 2 of them carry no monthly fee. Every figure here comes from the institution’s own published pages, and where something is not published we leave it blank rather than record a zero. Last checked 19 August 2026.

The highest starting rate posted here is 2.75%, on the Neo Savings Account. That account pays by balance band rather than one rate, and the bands are on its page. Posted rates only: a promotional rate that ends in ninety days is not what an institution pays, so it is recorded on the account and not counted here.

Deposits are covered by CDIC insured, taken from what the institution publishes rather than from what the scheme covers in general. What deposit insurance actually covers sets out the difference and why an unlimited provincial guarantee is not the same promise as the federal one.

Every Account, With What It Costs

• Neo Chequing Account

  No monthly fee · 0.1% interestCDIC insured

  Interest calculated daily on the total closing balance and paid monthly; account limit $200,000. Rate effective May 26, 2026.

• Neo Savings Account

  No monthly fee · 2.75% interestCDIC insured

  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.

• Neo High-Interest Savings Account

  Monthly fee not published · 1.25% interestCDIC insured

  Interest calculated daily on total closing balance, paid monthly; account limit $200,000 per account. Rate effective December 8, 2025.

Comparing across institutions? Compare every account on what it would cost you, work out what a chequing account really costs, or browse the full directory.