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Neo Financial
Savings account

Neo Savings Account

Neo Financial
Best for

Pairs with Neo's chequing and card products, though the top rate needs a large balance.

Ongoing rate
2.75%
Monthly fee
None
Minimum balance
$20,000

The 2.75% rate requires a $20,000 balance; lower balances earn less.

Rate verified August 3, 2026 · confirm with Neo Financial before applying.

What this account could grow to

Pre-filled with the ongoing rate of 2.75%. Promotional rates don't last, so the ongoing figure is the honest basis for a long-term projection.

2.75%
5 yrs
Future value
$39,005
You put in
$35,000
Interest earned
$4,005
Growth over time
Yr 1
$23,595
Yr 2
$27,290
Yr 3
$31,088
Yr 4
$34,992
Yr 5
$39,005
Contributions Interest

Run the numbers

Compound interest calculator

Project what this balance becomes over time.

Inflation calculator

Check the rate is actually beating inflation.

TFSA contribution room

Hold it in a TFSA and the interest is tax-free.

GIC calculator

Compare against locking the money in instead.

Frequently asked questions

What interest rate does the Neo Savings Account pay?

It pays 2.75% on an ongoing basis, with no promotional period to expire, which makes it easier to plan around than a teaser rate.

Are there fees or minimums on the Neo Savings Account?

There's no monthly fee, and you need a minimum balance of $20,000. Deposits are CDIC insured up to the applicable limits.

How current is this rate?

We last verified it on August 3, 2026. Rates on deposit accounts move frequently, so confirm the current figure with Neo Financial before you apply.

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BMO Savings Amplifier Account
BMO
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Written by
VaultNerd Editorial Team

Researching and writing about Canadian personal finance since 2026.

Last reviewed August 2026 · How we research

Cite this page

“Neo Savings Account.” VaultNerd, https://www.vaultnerd.com/ca/savings-accounts/neo-savings, updated August 2026.

Sources
  • Neo Financial published product and rate pages
  • VaultNerd products database