Neo Financial Relaunches Canada’s Top Rated Savings Account as Neo Money

WINNIPEG, Manitoba & CALGARY, Alberta–(Organization WIRE)–Now, Neo Economical introduced that they are relaunching their best-rated high fascination financial savings account as Neo Funds. With Canada’s ‘Big 5’ banks confined by outdated technological innovation and infrastructure, Neo Income is the 1st account of its sort to carry the characteristics of chequing and cost savings jointly.

Neo Revenue displays what you can do with the account: invest, save, and receive curiosity, all in a single spot. With Neo Funds account holders can:

• Entry a single of the most effective interest premiums in Canada, earning up to 130x^†* additional than classic banks.
• Set up automated bill payments
• Get payroll deposited instantly into a Neo Funds account
• Transfer money amongst accounts with no-cost bank-to-bank transfers
• Send limitless Interac e-transfers without the need of any hidden month-to-month or yearly expenses
• By no means have to be concerned about every month charges, transaction limits or minimum amount harmony prerequisite

“Neo has usually challenged the position quo of banking – questioning why the ‘Big 5’ financial institutions run the way they do these days, and what if we could do factors in a different way. Neo Cash is just a single instance of how our group is reimagining Canada’s economical infrastructure, and constructing a new long term of banking that offers improved price, possibility and advantage.” mentioned Andrew Chau, Co-Founder and CEO of Neo Economic.

Neo Dollars gives a fully digital working experience that permits users to deal with their account from their device, doing away with the need to have for standard bank branches. Neo’s application tracks desire earned day by day and deposits every month in users’ Neo Income account. As a person of the only accounts in Canada that provides unlimited no cost transactions, Neo Dollars is a centralized account for persons to manage their finances.

About Neo Fiscal

Neo Financial is a technologies firm simplifying finances by way of reimagined paying out, cost savings, investing, and benefits. Launched in 2019 by the co-founders of SkipTheDishes, Neo has raised a lot more than $114 million in funding by means of top-tier buyers and has been regarded as just one of the prime tech startups in Canada by LinkedIn, with a rising staff of about 500 staff members.

By means of partnerships with leading economic institutions, Neo offers users with a risk-free and safe way to commit, help you save, and invest. Neo’s credit history card is issued by ATB Fiscal and backed by the Mastercard® community, and the Neo Revenue account is supplied by Concentra Lender, a CDIC member establishment, and is qualified for CDIC deposit defense. Neo is headquartered in Winnipeg and Calgary, and is backed by top buyers throughout North The us.

To master more, please go to neofinancial.com.

The Neo Financial savings account is provided by Concentra Bank.

†Based on analysis comparing substantial-curiosity cost savings prices of Canada’s ‘Big 5’ banking companies making use of a $100 expenditure, excluding advertising fees and level rates. Investigation was performed by Neo Economic and dependent on info taken from public sites as at Might 12, 2021.

® Trademark of Interac Inc. Utilized beneath license.