High Interest E-Savings: Make Your Money Grow
Earn up to 3.5% on the money you set aside with KOHO’s e-savings account¹. Start with any amount, keep your savings accessible, and make your money work harder every day.
The smarter place to save
Savings should do more than sit in your account. With KOHO, you can earn up to 3.5% interest while still having instant access to your money if you need it.
e-Savings = easier
Our e-Savings account lets you easily manage your money from your phone or computer with our safe, easy-to-use app. Open yours in just a few minutes.
Earn market-leading interest
Grow your balance over time with interest calculated daily and paid monthly.
Automated savings
Set up automated transfers with Goals or Vault so you can save without thinking.
Easy access to your money
Save for your future without having to lock away your money just to earn a decent rate.
Non-promotional rates
Earn a market-leading rate that doesn’t expire after a few months.
Other interest rates just don’t compare
KOHO helps your savings go further. Compare and see how³.
| KOHO High Interest Savings | Big Banks | |
|---|---|---|
| Interest Rates | 0.5% to 3.5% | 0.010% to 1.5% |
| Promotional Rates | Never | Limited 3-month offer |
| Minimum Balance | None | $1,000 to $500,000 |
| Transaction fees | $0 | $5 per transaction |
| Interac® e-Transfer | Free, Unlimited | $1 per e-Transfer |
| Account Inactivity fee | $0 | $20 to $40 |
| Pre-authorized Debit | $0 | $5 per pre-authorized debit |
| KOHO High Interest Savings | Big Banks | |
|---|---|---|
| Interest Rates | 0.5% to 3.5% | 0.010% to 1.5% |
| Promotional Rates | Never | Limited 3-month offer |
| Minimum Balance | None | $1,000 to $500,000 |
| Transaction fees | $0 | $5 per transaction |
| Interac® e-Transfer | Free, Unlimited | $1 per e-Transfer |
| Account Inactivity fee | $0 | $20 to $40 |
| Pre-authorized Debit | $0 | $5 per pre-authorized debit |
Plan it. Save it. Achieve it.
See how your savings and interest build over time to help reach your goals with the KOHO Savings Calculator.
Tell us about your goal
Share your goal details first, then discover your ideal plan.
What are you saving for?
The reviews speak for themselves
We’ve earned the trust of more than 2 million Canadians using KOHO—not to mention their praise.
How to start your e-savings journey
STEP 1
Choose the KOHO plan that works for you
How to start your e-savings journey
STEP 2
Add money to your new account
How to start your e-savings journey
STEP 3
Opt in to Earn Interest and start earning right away
Compare KOHO plans and pick your perfect match
KOHO's industry-leading rates earn you up to 3.5% interest, putting more money back in your pocket. Choose the plan that works for you and watch your savings grow and grow and grow and…
The perfect plan for your needs | Essential Over $100/year in value**$0/mo* | Extra Over $200/year in value**$12/mo | Everything Over $500/year in value**$14.75/mo |
|---|---|---|---|
Benefits | |||
| Unlimited Cash Back on groceries, transportation, food & drinks | 1% | 1.5% | 2% |
| Earn interest | 2% | 2.5% | 3.5% |
| Free Credit Score | |||
| Crypto trading fees | 0.5% | 0.5% | 0.5% |
| Instant e-Transfers | |||
| No Foreign Transaction Fees | - | ||
| Discount on Credit Building | - | 30% | 50% |
| Phone support |
*Get Essential for free! Learn more
**This is an estimate. Actual savings may vary depending on individual spending habits and service usage
Frequently Asked Questions
An e-Savings account is an online-only, electronic savings account that lets you spend money and save it while earning a higher interest rate than a normal account. You can manage your money through your phone or computer, and it only takes a few minutes to open your account. With KOHO, your money earns interest daily based on your balance, and these earnings are typically paid out monthly. The higher the interest rate, the more your savings can grow over time.
Depending on what plan you choose, you’ll earn up to 3.5% interest on your entire KOHO balance — your Spendable, RoundUps, Savings Goals, all of it. This is an annual rate, which will be calculated daily and paid out monthly to maximize your earnings. Plus, unlike other cards, you can access these earnings at any time. There is no limit to the amount of interest you can earn, it is all based on what you have in your account.
No, our interest rates are not based on limited-time promotions. You earn the rate you see in the app and on our website.
Not with KOHO. There are no minimum balances, even for the highest interest rate on our Everything plan. Every cent in your account earns interest.
Yup! Whether you’re a spender or a saver, KOHO will work for you.
The fee you pay is based on the plan you choose. Based on the plan, you’ll earn up to 3.5% interest on your entire KOHO balance — your Spendable, RoundUps, Savings Goals, all of it. While our plans do have monthly fees, they offer great value beyond what you pay³.
Yes! Simply opt in to Earn Interest with your account and up to $100,000 of your money is eligible for CDIC protection².