Neo Savings Account

Neo Savings pays tiered interest that rises with your balance, up to 3.0%.

• 2.25% on balances from $0 to $5,000
• 2.50% on balances from $5,000 to $20,000
• 3.00% on balances of $20,000 and up

It's worth noting that the structure rewards larger balances, with the top rate kicking in at $20,000.

There's no monthly fee on Neo Savings, and no minimum balance or transaction fees either.

You can split your savings into up to 10 named savings accounts with Neo Financial, which makes it easy to track separate goals.

Joint accounts are available as well.

Deposits are held by Peoples Bank of Canada, a CDIC member.