Digital Banking

Neo Financial intros 4% interest savings account

December 11, 2023

Neo Financial, a Canadian fintech company, introduced its 4% Neo High-Interest Savings account with no minimum deposits. The account also features digital tools to help customers save and grow their money, according to a press release.

By using the Neo app, customers can integrate multiple high-interest accounts and can move money between their savings account and other Neo Money accounts. They can also earn cashback rewards up to 15% from more than 12,000 merchants.

"At a time when Canadians are working harder than ever to make ends meet, the Neo High-Interest Savings account is here to help customers get more value out of every dollar — empowering them to grow their money and save up for a rainy day, a well-deserved vacation, or buying a home," Andrew Chau, co-founder and CEO, Neo, said in the release. "With products built on transparency, simplicity and a more rewarding experience, we're proud to be helping Canadians take control of their financial future and feel more secure in tough times."