The interest rate on HISA account will be changing from 4.00% to 3.00%, as of November 1, 2024. | Neo Financial | Discussion forum

This was an email purportedly from Neo:

"We’re writing to inform you that the interest rate for the Neo High-Interest Savings account will change on May 7, 2025 to 2.5%.
Why are we changing the rate?
The Bank of Canada has adjusted its benchmark interest rate twice this year in response to changing economic conditions. Until now, we have chosen to hold our rate steady through both cuts to deliver more value back to you.
Our interest rate decisions are influenced by multiple factors, including the Bank of Canada rate and broader market conditions. And as the environment continues to change, we must too.
We remain committed to offering one of the most competitive interest rates in Canada, and we’re hard at work building new ways to help you earn more. Stay tuned to learn more very soon."