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.
Your money is held in a federally regulated financial institution and accessible to you 24/7.
How does KOHO’s account compare to the big banks?
You can earn 0.5% cashback on every purchase and 30x* more interest with KOHO than with the big banks.
2: Adjust what you spend
B:Traditional bank accounts
What our users are saying
How to set up direct deposit 💳
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*Based 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.
Interest rates are per year, calculated daily, paid monthly, and can change at any time without notice
All interest-bearing accounts are offered by Canadian ShareOwner Investments Inc