Neo Monetary has launched a brand new contest tied to its Neo Financial savings account, known as 10K Your Approach. Each greenback deposited from an exterior account between now and July 9, 2026 counts as a contest entry, with one grand prize of $10,000 (CAD) and two secondary prizes of $2,500 (CAD).
Neo Financial savings itself pays as much as 3% curiosity, with no month-to-month charges, no minimal stability, and no lock-in durations. Your cash retains incomes whilst you’re entered to win, and you’ll withdraw it at any time.
In case you’re already purchasing for a high-yield financial savings account, the competition is actual upside on high of a aggressive base charge.
How the Contest Works
The competition is straightforward. Each $1 deposited from an exterior account right into a Neo Financial savings account counts as one entry, and there is no cap on the variety of entries you’ll be able to earn.
Two multipliers stack on high of the bottom entry charge:
- Open a joint account with a associate: 2x entries
- Activate Auto-Save: 2x entries
- Do each: 4x entries
In case you deposit $1,000 with Auto-Save energetic and a joint account open, that interprets to 4,000 entries as an alternative of 1,000.
There are three prizes in whole:
- Grand prize (one): $10,000 (CAD)
- Secondary prizes (two): $2,500 (CAD) every
Contest closes on July 9, 2026, topic to extension.
The Neo Financial savings Account
Even with out the competition hook, the underlying account holds up by itself. Neo Financial savings pays tiered curiosity based mostly in your stability, with the highest tier kicking in at $20,000 (CAD).
Different options price noting:
- No month-to-month charges
- No minimal stability requirement
- No lock-in durations
- Funds out there for withdrawal at any time
- CDIC deposit safety as much as $100,000 (CAD) per beneficiary, held in belief at CDIC member establishments
- Account setup in below 5 minutes by means of the Neo app
Joint accounts let two folks pool towards a shared objective, and within the context of this contest, double their entries. Mixed with Auto-Save, that is the place the entry math truly strikes.
The best way to Maximize Your Entries
Stacking the multipliers is the place the mathematics will get attention-grabbing. In case you have been already planning to place $10,000 right into a high-yield financial savings account, opening it collectively with a associate and turning on Auto-Save lifts your entries from 10,000 to 40,000 for a similar deposit.
For Canadians who’re already saving towards a shared objective with a associate, whether or not that is a marriage, a down fee, or a renovation fund, the joint account multiplier prices nothing further. You have been going to mix balances anyway.
Conclusion
In case you’re available in the market for a high-yield financial savings account, Neo’s 3% high tier holds up towards the better-known Canadian fintechs, and the competition is upside that prices nothing further. Stack Auto-Save and a joint account in case you can. That is the place the entry math truly strikes.
Even when the competition wasn’t what drew you in, the three% curiosity, no charges, and full liquidity make Neo Financial savings a robust house for money you need working tougher. And each greenback you save between now and July 9 places you within the operating for $10,000 – an actual shot at a significant prize on high of cash that is already incomes for you.
Contest closes July 9, 2026.
