Account (CA)
Neo Financial Money account review
Zero fees and one of the highest interest rates in the market? Sounds too good to be true? Well, you can kiss fantasy goodbye! Our Neo Financial Money account review will share the knowledge you need!
Neo Financial Money account: fee-free, versatile and young, a new face to savings accounts!
Are you tired of the same old accounts, with the same old fees and complicated interfaces? Well, we are too! With today’s post, we aim to reveal a new product for you, free from all the downsides of the more traditional takes on savings accounts. Check our Neo Financial Money account review to learn all about this great option to keep your money safe!
Say goodbye to undesired fees and transaction rates, and do it all free with the Neo Financial Money account! All while profiting from a good interest margin that will make your money work for you!
Intro Balance Transfer APR | Not disclosed. |
Regular Balance Transfer APR | Not disclosed. |
Balance Transfer Fee | $0. |
How to apply for the Neo Financial Money account?
Want to learn how to open an account with one of the best interest rates in the market? Check our Neo Financial Money account opening post!
How does the Neo Financial Money account work?
Being a savings account, the Neo Financial Money account safeguards your money and makes a profit off of investment interest rates (one of the highest in Canada). That’s to say you can manage your economy and financial life with this account, all while making some extra money on the side with a 2.25% interest rate for every dollar present in your account balance!
This interest is calculated daily and paid monthly straight into your account. All this comes paired with a great user interface and no monthly fees to keep the account open! You also don’t need any minimum balance present in the account to maintain it, making it a very reliable and accessible option as well.
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Neo Financial Money account benefits
With no fees (or strings) attached to it, the Neo Financial Money account leaves you free to trust their bank with the amount you are comfortable with. Equipped with unlimited transactions, you will be entirely free to manage and maneuver your balance with zero attachments and worries! See what this amazing account option can offer you:
Pros
- No monthly fees.
- No payment or transfer fees.
- One of the highest interest rates in Canada.
- No minimum balance is required to keep the account open.
Cons
- As a virtual account, it can be hard to withdraw money from ATMs.
How good does your credit score need to be?
The application process for the Neo Financial Money account doesn’t feature a credit check. Therefore it makes good scores unnecessary for you to have access to this digital account. However, Neo Financial offers a series of other products that may do well with your new savings account, and that may require credit score research.
If you are interested in pursuing a more in-depth financial relationship with Neo Financial, it would be good practice to learn more about its other products, how they may benefit you should you open a Money account, and which requirements they have.
How to apply for a Neo Financial Money account?
Interested in the zero-fee approach and the high-interest margins? We can’t blame you, you know? It does seem like a great option in the form of an account! Check out our how-to-apply post below and learn how to open yours today!
How to apply for the Neo Financial Money account?
Want to learn how to open an account with one of the best interest rates in the market? Check our Neo Financial Money account opening post!
About the author / Victória Lourenço
Reviewed by / Aline Barbosa
Senior Editor
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