Neo Savings 10K Your Way Contest: Earn up to 3% Interest and a Chance at $10,000

Neo Financial has launched a new contest tied to its Neo Savings account, called 10K Your Way. Every dollar deposited from an external account between now and July 9, 2026 counts as a contest entry, with one grand prize of $10,000 (CAD) and two secondary prizes of $2,500 (CAD).

Neo Savings itself pays up to 3% interest, with no monthly fees, no minimum balance, and no lock-in periods. Your money keeps earning while you're entered to win, and you can withdraw it at any time.

If you're already shopping for a high-yield savings account, the contest is real upside on top of a competitive base rate.

How the Contest Works

The contest is simple. Every $1 deposited from an external account into a Neo Savings account counts as one entry, and there's no cap on the number of entries you can earn.

Two multipliers stack on top of the base entry rate:

• Open a joint account with a partner: 2x entries
• Turn on Auto-Save: 2x entries
• Do both: 4x entries

If you deposit $1,000 with Auto-Save active and a joint account open, that translates to 4,000 entries instead of 1,000.

There are three prizes in total:

• Grand prize (one): $10,000 (CAD)
• Secondary prizes (two): $2,500 (CAD) each

Contest closes on July 9, 2026, subject to extension.

The Neo Savings Account

Even without the contest hook, the underlying account holds up on its own. Neo Savings pays tiered interest based on your balance, with the top tier kicking in at $20,000 (CAD).

Other features worth noting:

• No monthly fees
• No minimum balance requirement
• No lock-in periods
• Funds available for withdrawal at any time
• CDIC deposit protection up to $100,000 (CAD) per beneficiary, held in trust at CDIC member institutions
• Account setup in under five minutes through the Neo app

Joint accounts let two people pool toward a shared goal, and in the context of this contest, double their entries. Combined with Auto-Save, that's where the entry math actually moves.

How to Maximize Your Entries

Stacking the multipliers is where the math gets interesting. If you were already planning to put $10,000 into a high-yield savings account, opening it jointly with a partner and turning on Auto-Save lifts your entries from 10,000 to 40,000 for the same deposit.

For Canadians who are already saving toward a shared goal with a partner, whether that's a wedding, a down payment, or a renovation fund, the joint account multiplier costs nothing extra. You were going to combine balances anyway.

Conclusion

If you're in the market for a high-yield savings account, Neo's 3% top tier holds up against the better-known Canadian fintechs, and the contest is upside that costs nothing extra. Stack Auto-Save and a joint account if you can. That's where the entry math actually moves.

Even if the contest wasn't what drew you in, the 3% interest, no fees, and full liquidity make Neo Savings a strong home for cash you want working harder. And every dollar you save between now and July 9 puts you in the running for $10,000 – a real shot at a meaningful prize on top of money that's already earning for you.

Contest closes July 9, 2026.