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Neo Financial Teams Up With Concentra Bank to Offer Neo Savings, the First Canadian Fintech to Offer a CDIC-Eligible High-Interest Savings Account
January 13, 2021 GMT
CALGARY, Alberta (BUSINESS WIRE) Jan 13, 2021
Neo Financial (Neo), a Calgary-based fintech company created by two of the co-founders of SkipTheDishes, has announced a first-of-its-kind collaboration with Concentra Bank (Concentra), a Schedule 1 bank that is quietly fuelling innovation. Through this relationship, Neo is the first Canadian fintech company to offer a CDIC-eligible high-interest savings account that works like an everyday banking account. The accounts are held at Concentra, a Canada Deposit Insurance Corporation (CDIC) member bank. Together, Neo and Concentra have opened the door for innovation that has historically not been accessible within Canada’s consumer banking sector.