Maximizing Your Savings: Tips and Tricks

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Hey friends! :star2: Saving money doesn’t have to be hard so whether you’re saving for a rainy day or a big purchase, Neo makes it easy. Let’s explore some simple tips to make the most of your savings

Understanding Neo’s Interest Rates:

The savings account offers some of the best interest rates in the market, helping you get more out of every dollar you save. Compared to traditional banks, our rates are significantly higher, meaning your savings grow faster.

Setting Up Your Savings Goals: Use Neo’s app to set and track your savings goals. It’s simple:

  1. Define Your Goal: What are you saving for?
  2. Set a Timeline: When do you want to reach your goal?
  3. Automate Your Savings: Set up automatic transfers to your Neo account to make saving effortless. It’s a great way to build your savings without even thinking about it!

The cool thing about the Neo HISA account is that you can have up to 10 accounts for all of your savings goals. You can also customize the account names and icons and move your money between your accounts instantly.

For example lets say I am wanting to start saving for an upcoming vacation, or save for a down payment for a house. I would name one account “Australia 2024” and then name the other “Down Payment” then I would set up automatic payments.

You can set a savings goal as well, so lets say for example on the downpayment I would like to save $20,000. I would set that as my goal in that account and I can keep track of my progress as my savings grow!!

I’d love to hear from you all about what your tips and tricks are! Share your stories below!