Updated on Jun 28, 2026: The top rate of Neo Savings Account decrease from 3% to 2.75%.
Expiry: Jul 9, 2026
Updated on May 16, 2026: Neo Savings Account has launched a new “$10K Your Way” prize draw with the following prizes:
- Grand prize (1 winner): $10,000 cash
- Secondary prize (2 winners): $2,500 cash each
The promotion runs from April 8, 2026 to July 9, 2026, and is open to both new and existing Neo Financial customers who hold an eligible Neo Savings account. If you’re an existing customer, you can simply register for the offer using the Deal Link above (you’ll just need to provide your name and email). New customers can first open a Neo Savings account via the FinlyWealth link below to earn the $100 welcome bonus, and then register for the promotion using the Deal Link above.
Once you’ve successfully registered, all you need to do is transfer money from another bank (outside of Neo) into your Neo Savings Account by July 9, 2026. Every $1 transferred = 1 entry into the draw, and there’s no cap on the number of entries you can earn. The funds you transfer will earn interest at Neo Savings’ current rate.
The promotion also includes a few “multiplier” features that let you boost your entries without increasing your principal:
- Open a joint account → 2× entries
- Turn on Auto-Save → 2× entries
- Do both (Joint Account + Auto-Save) → 4× entries
For couples or households building an emergency fund together, that 4× multiplier is a very compelling sweetener.
If you’re looking for a straightforward place to park your cash while earning more interest than the big banks usually offer, the Neo Savings Account is worth a look. Neo positions this account as a flexible high-interest savings option with no monthly fees, no minimum balance, and no lock-in periods, making it appealing for Canadians who want both yield and liquidity.
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