Yes, you heard that right
With a (free!) KOHO account, you can earn 1.2% interest* on both your spending and savings account, plus 0.5% instant cash back. All you have to do is set up direct deposit.
Tell me everything
Earn 1.2% interest* on your entire account — from your savings to your spendables and everything in between.
Get 0.5% cash back on every purchase. Earn even more with our brand partners.
No fees, no minimum balances, no promotional rates — ever.
You also get unlimited free e-Transfers, so send away.
Up to $100k of your funds are eligible for CDIC protection. In other words, your money is safe with us.
How does KOHO’s account compare to the big banks?
You can earn 0.5% cashback on every purchase and 30x1 more interest with KOHO than with the big banks.
2: Adjust what you spend
B:Big 5 accounts
What our users are saying
How to set up direct deposit 💳
Once you've downloaded the KOHO app, click the dollar sign button.
Got questions? We got answers.
1Based on research conducted by KOHO comparing interest rates of base savings accounts offered by Canada’s ‘Big 5’ banks. Research is based on savings and chequing account interest rates taken from public websites as of May 10, 2021. Promotions and Rate Premiums are excluded.
All interest-bearing accounts are offered by Canadian ShareOwner Investments Inc
*Interest rates are per year, calculated daily, paid monthly, and can change at any time without notice