Neo offers Quebec a more rewarding choice with a stable 4% high-interest savings rate on every dollar saved
Neo HISA offers Quebec’s highest base interest rate on a savings account1, with no temporary promotional rates and no minimum deposits.
MONTRÉAL–(BUSINESS WIRE)–#NeoFinancial–Neo Financial™ (Neo), a leading Canadian financial technology company, is helping Quebec customers make their savings goals a reality with a new 4% high-interest savings rate2 and smart, interactive digital tools to grow their money.
Unlike competitors promising high promotional interest rates that don’t last, the Neo High-Interest Savings account (HISA) offers 4% interest2 with no limited-time offers, no monthly fees, and no minimum deposit — plus intuitive tools and real-time insights to help customers reach their savings goals sooner.
With the Neo HISA, customers in Quebec will enjoy:
- A great stable interest rate: The Neo HISA’s stable rate of 4%2 means customers will earn more than double the base interest of the leading competitors1, with no minimum deposit. Choosing the Neo HISA pays off over time, as competitors’ promotional rates fall away.
- Savings made simple, goals made possible: Using the Neo app, customers can save smarter with multiple high-interest accounts, customized for their unique needs and goals — making it easier than ever to track spending habits, build a healthy budget, and save up for what matters most.
- No monthly fees and no gimmicks: The Neo HISA comes with no monthly fees and no temporary promotional rates — just stable, rewarding returns on every dollar saved.
- Security and peace of mind: Neo HISA customers enjoy eligibility for CDIC deposit protection on their deposits up to $100,0003.
“At a time when Quebec residents 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,” said Andrew Chau, Neo’s Co-founder and Chief Executive Officer. “With products built on transparency, simplicity, and a more rewarding experience, we’re proud to be helping customers in Quebec take control of their financial future and feel more secure in tough times.”
Apply for the Neo High-Interest Savings account here.
About Neo Financial
Neo Financial is a technology company building a more rewarding financial experience through reimagined spending, savings, investing, and mortgages. Founded in 2019 by the co-founders of SkipTheDishes, Neo has raised more than $299 million in funding and has been recognized as Canada’s top tech startup by LinkedIn. Neo is headquartered in Calgary and Winnipeg, and is backed by top-tier investors across North America.
Through partnerships with leading financial institutions, Neo provides members with safe and secure ways to spend (Neo Credit), save (Neo Money™), and invest (Neo Invest™). Neo for Business powers financial solutions for Tim Hortons, Hudson’s Bay, Cathay Pacific, and over 12,000 other partners across the country. To learn more, visit neofinancial.com.
Disclaimers
The Neo High-Interest Savings account is provided by Peoples Bank of Canada.
1 Based on research of high-interest savings accounts, comparing and limited to: BMO, CIBC, Scotiabank, TD Bank, RBC, Simplii Financial, Desjardins, and Tangerine. Research conducted by Neo Financial and based on data taken from public websites on November 28, 2023. Research excludes welcome offers.
2 Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.
3 The Neo High-Interest Savings account is provided by Peoples Bank of Canada, a CDIC member institution, and is eligible for CDIC deposit protection. Deposits held in Neo High-Interest Savings accounts are combined with eligible deposits held at Peoples Bank of Canada, for up to $100,000 of deposit protection, per category, per depositor. For more information about CDIC deposit insurance, please consult CDIC’s website cdic.ca.
Contacts
For more information, please contact [email protected].
