Neo Financial Savings account review
You can have a savings account to earn 1.3% interest and save money. So read our Neo Financial account review to know more!
by Victória Lourenço
Neo Financial Savings account: save money and earn interest
Do you want to get the most out of your money? Neo Financial can help. With their high yield savings account, you can watch your money grow while keeping it easily accessible. In this post review, we’ll go over all the pros and cons of opening a Neo Financial account so that you can make an informed decision on whether or not it’s the right fit for you. Keep reading our Neo Financial account review to learn more!
|Intro Balance Transfer APR||No intro balance transfer.|
|Regular Balance Transfer APR||N/A.|
|Balance Transfer Fee||No fees.|
How does the Neo Financial Savings account work?
Customers of Neo Financial can earn interest on their balances, as well as have access to a checking and a savings account. Additionally, you can earn up to 1.3 percent interest on your savings account balance simply by keeping your money in the account. Moreover, you can earn up to 130 times more than you would at a traditional bank. Plus, there are no annual fees to worry about!
Moreover, you can make an unlimited number of transactions from your account without charge. You can also use the Neo Financial mobile application to keep track of all of your spending. Additionally, you can make the most of this savings account to save money while also working toward a significant goal. In addition, all of your interest is paid monthly.
Neo Financial Savings account benefits
The Neo Financial saving account has so many benefits, such as you can link external bank accounts to your account. Also, you can make unlimited free transactions, and there are no monthly or annual fees! Plus, you can feel safe regarding your money because this account is related to CDIC. Therefore, you can protect your money. However, this savings account also has some downsides, which we can see below in our list of pros and cons.
- You can access free unlimited transactions.
- There are no annual or monthly fees.
- This account is enrolled with CDIC insurance.
- There is a relatively high-interest rate of 1.3%.
- There is no debit card.
- You cannot use paper checks or mobile check deposits.
How good does your credit score need to be?
Because this is a savings account, you don’t have to be concerned about your credit score when opening it. As a result, you can apply to open a Neo Financial savings account even if your credit score isn’t particularly impressive at the moment.
How to apply for a Neo Financial Savings account?
Customers of Neo Financial can easily become members by opening a savings account through the company’s official website, which can be found here. As a result, you can read our post below to learn everything you need to know about opening a savings account!
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