Grow your money faster with KOHO’s Savings Calculator

Plan it. Save it. Achieve it. Get a clear roadmap to your next big milestone with Canada’s most transparent savings rates.

Money
Achieve Goals
Piggy bank
Save strategically
Chart
Optimize returns
Coins
Track progress

Tell us about your goal

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

What are you saving for?

Your goal details

2 Years
3.5%

You instantly get

Calendar
Exact monthly savings target
Chart
Total interest earned over time
Money
Timeline to reach your goal

Why use the KOHO Savings Calculator?

Planning to "save more money" won't get you there. But we can help.

Tell us a few details and we'll help you with exact numbers and a realistic timeline to reach your goal.

Here's what we need to know:

1

Your savings goal

Emergency fund, vacation, house down payment

2

Your timeline

When do you need the money?

3

Current savings

What you're starting with

4

Interest rate

Choose your preferred interest rate

Typing on a laptop

See the difference rates make

The right interest rate means less work for you and more work for your money.

Try the free Calculator
High interest rate +$50/mo in savings

Core (2%): Save $1,400/month to reach your goal

Extra (2.5%): Save $1,380/month

Everything (3.5%): Save $1,350/month

High interest rate +12/mo in savings

Core (2%): Save $408/month to reach your goal

Extra (2.5%): Save $402/month

Everything (3.5%): Save $396/month

High interest rate +4/mo in savings

Core (2%): Save $275/month to reach your goal

Extra (2.5%): Save $273/month

Everything (3.5%): Save $271/month

Start Saving Smarter with KOHO Today

Higher rates + automatic tools = faster results.

Earn up to 3.5% while you sleep. Your $10,000 earns $400/year in interest.

Every purchase rounds up to the nearest dollar. That $2.50 coffee becomes $0.50 in savings. Small change adds up fast.

Set your dream target and let KOHO save for you daily. Stick to your Goals without willpower battles.

Total savings - $252.78

Pick a plan and try it with no cost

Join millions of Canadians who are reaching their Goals faster with KOHO

The perfect plan for your needs
Core

$0/mo

Over $100/year in value¹
Get rewarded on everyday spending with Cash Back on the essentialsGet started
Extra

$12/mo

Over $200/year in value¹
Get extra perks, extra cash back, and extra savingsGet started
Everything

$14.75/mo

Over $500/year in value¹
Get more than your money’s worth and earn the most rewards on KOHOGet started

Everyday

Unlimited Cash Back on groceries, transportation, food & drinks1%1.5%2%
Earn interest2% 2.5% 3.5%
Unlimited Cash Back on everything else0%0.25%0.5%
Up to 6.5% extra Cash Back
Cash Back and interest rates applied to Joint account--
Metal Card--
Access to Virtual Card Library
Spending Insights
Withdraw or deposit cash at anytime
Unlimited transactions
Savings goals + Roundups
Phone Support
Crypto trading fees0.5%0.5%0.5%
Free real-time e-transfers

Credit Building

Discount on Credit Building-30%50%
Free Credit Report--
Free Credit Score

Renters

Tenant Insurance add on²

Travel

No Foreign Transaction Fees-
No International ATM fees-1st Free1st Free
Free eSIMAccess1GB free every month3GB free every month
Travel Insurance add on²

¹This is an estimate. Actual savings may vary depending on individual spending habits and service usage
²KOHO has partnered with Walnut Insurance as the official insurance provider. For more information visit: https://www.gowalnut.com/ca/koho

Not sure which one speaks to you? Take our quiz to find the best plan for you.

Find a plan

Learn more about smart saving

Read our blog for the latest expert tips on building your savings, understanding interest rates, and reaching your financial goals faster.

Explore our blog

4 min read

How Much Should You Save Every Month?

Learn how much you should save each month with this beginner-friendly guide.

4 min read

What is an Interest Rate?

Learn what interest rates are and how they affect your money.

FAQs About Savings Calculators in Canada

A savings calculator is simple to use. Enter your goal amount, target date, preferred KOHO plan, and current savings. The calculator shows you how much to save each month.
Want better results? Try different scenarios. Change your timeline or monthly amount. See how it affects your goals.
Interest grows your money over time. Here's the basic formula:
Simple interest: Principal × interest rate × time = interest earned
Example: $1,000 × 4% × 1 year = $40 in interest
But most accounts use compound interest. That means you earn interest on your interest too. This helps your money grow faster. KOHO's Savings Calculator does the math for you. Just enter your details and see your money grow.
Compound interest is your money's best friend. It means you earn interest on both your original savings and previous interest earned.
Use a compound interest calculator to:
  • See how your money grows over time
  • Compare different savings amounts
  • Test various interest rates
  • Plan realistic timelines for your goals
The earlier you start, the more compound interest helps. Even small amounts can grow significantly over time.
Reaching your savings goals takes the right strategy and tools:
Choose high-interest savings—Higher rates mean faster goal achievement.
Automate your savings—Set up automatic transfers. You can't spend what you don't see.
Use the 50/30/20 rule—Save 20% of your income. Spend 50% on needs, 30% on wants.
Track your progress—Real-time progress tracking keeps you motivated.
Earn while you spend—Cash back on purchases means every dollar back is a dollar saved.
Saving money gives you freedom and peace of mind. When unexpected costs happen, your savings keep you covered without going into debt. Whether you want to buy a home or take a vacation, having money saved makes your dreams possible.
Money in the bank means less worry about the future and helps reduce daily stress. Your savings also build wealth over time through compound interest, which means your money works for you even while you sleep. With good savings, you stay independent and won't need to borrow money or rely on others when life gets expensive.
You don't need to start big. Even saving $25 a month builds good habits and grows over time. The key is to start somewhere and let your money grow.

Still have questions?

Can't find the answer you're looking for? Please chat to our friendly team.Visit our FAQs

¹Avg. competitor savings rate based on interest rates as of September 2025 of top 3 Canadian banks, RBC, TD and Scotiabank non-registered savings accounts with no fee and no minimum balance.

²KOHO Interest rate compared to the interest offered by the 5 biggest banks of Canada on [August 14, 2025] for regular savings account. Does not include promotion or special rates. Actual Interest may vary depending on your KOHO Account plan. Interest Rate is subject to change without prior notice. Interest is per annum calculated daily but paid monthly. Terms and Conditions apply.