Tangerine vs Neo Financial

Compare Tangerine and Neo Financial side by side. See which Canadian bank offers better rates, lower fees, and more features in 2026.

Last updated: March 23, 2026

Key Takeaway

For higher savings rates, Neo Financial wins (Tangerine: 0.50% vs Neo Financial: 2.25%). For lower fees, Tie is the better choice.

FeatureTangerineNeo Financial
Savings Rate (HISA)0.50%2.25%
Chequing Fee$0$0
e-TransferFree unlimitedFree unlimited
BranchesNoneNone
Sign-up Bonus$0$0

Our Verdict

If you want the best savings rate, go with Neo Financial. If low fees matter most, Tie is your pick.

Tangerine Overview

Tangerine is a online bank offering 0.50% on savings with $0 chequing fees and Free unlimited e-Transfers. None branches.

Neo Financial Overview

Neo Financial is a online bank offering 2.25% on savings with $0 chequing fees and Free unlimited e-Transfers. None branches.

FAQ

Is Tangerine better than Neo Financial?

Tangerine offers 0.50% savings with $0 fees. Neo Financial offers 2.25% with $0 fees. For savings, Neo Financial wins.

Which has lower fees?

Tangerine: $0. Neo Financial: $0. Tie wins.

Can I use both?

Yes. Many Canadians use multiple banks to maximize rates and bonuses.

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