Hi everyone!
Exciting news! 
Big things are happening at Neo and today, we’re thrilled to officially introduce boosted interest rates!
By combining your funds across your Neo Everyday, HISA, and Neo Savings (Neo Cash) accounts, you can now earn even more interest on your Neo Savings balance.
We know how important it is to make your money work as hard as you do, and this update helps your savings grow even faster.
If you haven’t already opened a Neo Savings account, now’s the perfect time to get started! It’s where you’ll earn boosted interest based on your total combined funds across all Neo deposit accounts.
How to open a Neo Savings account
Getting started is quick and easy:
On the Neo app:
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Log in to the Neo app
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Go to the Accounts tab and select Money
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Tap + and select Neo Cash
On the web:
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Log in at member.neofinancial.com
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Click Money in the left-hand menu
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Select Neo Cash
Let’s put this into perspective and see how it can work for you compared to your other banking options:
* Based on research of an initial balance of $20,000 in high-interest savings accounts, comparing and limited to: BMO, CIBC, RBC, Scotiabank and TD Bank over a 12 month period. Research conducted by Neo Financial and based on data taken from public websites on October 21, 2025. Research includes promotional offers with a term of 0-4 months.
What this chart shows about Neo 
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Earn up to 7x more* in interest over 12 months compared to the average offered by the Big 5 banks, helping your money grow faster, without the wait.
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Consistent, reliable rates, built for ongoing value. Our rates aren’t short-term promotions that disappear after a few months. While rates may change over time, our goal is to provide steady, long-term value that helps your savings grow.
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The more you save, the more you earn, our boosted interest rates structure rewards you for growing your balance, so your savings work harder right alongside you.
Plus, peace of mind built in:
Your deposits are eligible for CDIC protection, giving you the security and confidence that your money is always safe. Funds up to $100,000 in your Neo Everyday, Neo Savings account (Neo Cash), and Neo High-Interest Savings accounts are eligible for CDIC insurance coverage*.
A little savings hack for our members 
Pool your funds with a partner by opening a Joint Neo Savings Account* to unlock higher interest rates and reach your savings goals even faster!
Want to learn how to open a Joint Neo Savings account and explore all the details? Check out our community post here: Now Live: Joint Neo Cash Accounts Are Here
Please note that your combined funds include the balances from your Neo Everyday Account, Neo Savings account (Neo Cash), and HISA. Your Neo Cash interest rate adjusts based on your total combined balance across these accounts.
Here’s an example to help put this into perspective:
If you have $10,000 in your Neo Everyday account and $10,000 in your HISA, your combined balance would be $20,000. If you transfer this $20,000 to a Neo Savings account, you will start earning 2.9% interest* right away.
In this case, moving those funds into your Neo Cash account would allow you to take full advantage of the 2.9% interest* rate, helping your savings grow even faster!
Why are we making this change:
We introduced boosted interest rates after hearing from many of our members who wanted more flexibility and better ways to grow their savings. This change allows us to offer higher, sustainable rates based on how much you save, so you can earn more over time while keeping quick and easy access to your money.
We’d love to hear your thoughts!
What do you think about this update? Please let us know below if you have any questions and we will be happy to help! Your feedback helps us continue improving and building features that matter most to you, so thank you!
Important note:
* This post is a general overview meant to help members understand what’s new. For complete, up-to-date information on rates, client agreements, eligibility, and conditions, please visit https://get.neofinancial.com/cash/ or see the Neo app. This post is not a substitute for the official terms. Rates and offers are subject to change, and the information shared here is accurate as of the time of posting.