Hey Community 
We wanted to let you know that the interest rate for the Neo High-Interest Savings account will be changing to 2.5% starting today May 7, 2025.
Why the change?
The Bank of Canada has made two adjustments to its benchmark interest rate this year in response to the shifting economic landscape. While we’ve kept our rate steady through these changes to give you more value, we need to adjust to the current environment as it continues to evolve.
Interest rate change
| Account | Current rate | New rate as of May 7 |
|---|---|---|
| Neo High-Interest Savings account | 3.00% | 2.50% |
Is there anything you need to do?
No action is required. The new rate will take effect automatically.
We’re still committed to offering one of the most competitive interest rates in Canada, and we’re working on some exciting new ways to help you earn even more. We can’t share all the details just yet, but keep an eye out more is coming soon!