Savings Interest Rates That Lead The Market

Looking for the highest interest rates to grow savings? Your search ends with KOHO.

Compare our plans

Earn up to 3.5% interest on your entire balance

No minimum balance required

Access your money anytime

Up to $100k eligible for CDIC protection¹

Current savings interest rates in KOHO accounts

Earn market-leading interest on your savings no matter which plan you pick.

The perfect plan for your needs	Essential $0/mo* Over $100/year in value** Get rewarded on everyday spending with Cash Back on the essentialsStart with Essential	Extra $12/mo Over $200/year in value** Get extra perks, extra cash back, and extra savingsSave now with Extra	Everything $14.75/mo Over $500/year in value** Get more than your money’s worth and earn the most rewards on KOHOEarn more with Everything
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}

All KOHO plans include:

No minimum balance required—earn interest on every dollar in your account

Automatic interest rate updates

Seamless, modern app experience

Track how much interest you earn

You earn interest. We earn your trust.

See why 2 million Canadians choose KOHO for more than just market-leading interest rates.

Every other bank charges you fees. KOHO actually gives you money back for banking with them. 5% interest on your total balance, overdraft, and even cashback for shopping ..like honestly sounds fake but this is the best bank I've ever had. 10/10 switched from TD to KOHO and haven't looked back. -Haven

I'm really impressed with KOHO. It has all the features I have been looking for: round up saving options, credit building, high interest for just having your money with them, and rebates for shopping at certain businesses. I heard they are becoming an official bank. If this is true, I'm going to have to fully move over to them. I really love that there are no hidden fees, and I can do as many transactions without them charging me extra. I pay for one plan. -Rumer

4.8 App Store Rating

2.5M+ Happy Customers

#1 Rated Canadian Financial App

Read our reviews

Earn more with market-leading interest rates

KOHO's interest rates give 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 faster than ever.

	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

Add up the savings. Seriously, try it.

Achieve Goals

Save Strategically

Optimize Returns

Track Progress

Tell us about your goal

Share your goal details first, then discover your ideal plan.

What are you saving for?

Interesting facts about interest rates

Interest rates sound complicated, but they're really not. Think of interest as rent money. When you borrow money (like with a loan), you pay rent to use someone else's cash. So if you borrowed $100 at 10% annual interest, you’d pay ‘rent’ of $10 on that loan at the end of the year. It works in a similar way when you save money (like in a savings account). If you put $100 in your KOHO account today at 3.5% interest and keep it there all year, we’d pay you $3.50. That's it. That's interest rates.

The Bank of Canada sets what’s called the "overnight rate,” basically the baseline rate that influences everything else. When they raise it, borrowing gets more expensive and saving gets more rewarding. When they lower it, the opposite happens. But here's the thing: financial institutions don't have to follow this rate exactly. They can (and do) set their own rates for different products. When institutions have to earn your business, you can usually find ones that offer better deals. That's why shopping around actually matters, and why KOHO is proud to offer among the best interest rates for your savings in Canada.

Yes. Depending on the plan you choose, you will earn a different interest rate—but they’re all very competitive. With Core, you earn 2% interest and can skip the monthly fees. Core gets you 2.5% interest plus 1.5% Cash Back on daily purchases like groceries and transportation. Everything earns you our highest interest rate, 3.5%, and gets you, well, everything KOHO is known for (think things like no foreign transaction fees, free 3GB eSIM, and more). Whichever plan you choose, you get access to our intuitive savings tools so you can start making money progress.

Your money deserves better interest

Start saving more today with market-leading rates and no hidden fees.

Open your account