A better way to grow and manage your money
▪ No fees, 2.25% interest rate as of April 22, 2022 (not a promotional rate; Savings interest rate is calculated
daily on the closing balance and paid monthly)
▪ Earn up to 225x more than at traditional banks (0.05% is the rate at most banks for high interest savings
accounts, with 0% on most daily everyday chequing accounts - unlimited transaction accounts are
typically $29.99 per month, whereas Neo is free)
▪ Make bill payments, send and receive Interac e-Transfers®, and make bank to bank transfers to and from
existing bank account - all with no monthly fees or minimum balances and unlimited free transactions
▪ Available Canada-wide (with the exception of Quebec, coming soon)
▪ Manage everything from the phone app, whenever and wherever. Desktop/web banking is also available.
▪ Much like any bank account at a traditional bank, the Neo Savings account is eligible for CDIC deposit
protection, and provided by Concentra Bank, a CDIC member institution. Deposits held in Neo Savings
accounts are combined with eligible deposits held at Concentra Bank, for up to $100,000 of deposit
protection, per category, per depositor.
