VaultNerd
KOHO
Savings account

KOHO High Interest Savings

KOHO
Best for

A solid ongoing rate, though the top tier requires a paid subscription plan.

Ongoing rate
3.5%
Monthly fee
None
Minimum balance
None

Monthly fee ranges $0–$14.75 depending on plan; the highest rate requires a paid tier.

Rate verified August 3, 2026 · confirm with KOHO before applying.

What this account could grow to

Pre-filled with the ongoing rate of 3.5%. Promotional rates don't last, so the ongoing figure is the honest basis for a long-term projection.

3.5%
5 yrs
Future value
$28,276
You put in
$25,000
Interest earned
$3,276
Growth over time
Yr 1
$13,404
Yr 2
$16,930
Yr 3
$20,580
Yr 4
$24,361
Yr 5
$28,276
Contributions Interest

Run the numbers

Compound interest calculator

Project what this balance becomes over time.

Inflation calculator

Check the rate is actually beating inflation.

TFSA contribution room

Hold it in a TFSA and the interest is tax-free.

GIC calculator

Compare against locking the money in instead.

Frequently asked questions

What interest rate does the KOHO High Interest Savings pay?

It pays 3.5% on an ongoing basis, with no promotional period to expire, which makes it easier to plan around than a teaser rate.

Are there fees or minimums on the KOHO High Interest Savings?

There's no monthly fee, and no minimum balance is required. Deposits are CDIC insured up to the applicable limits.

How current is this rate?

We last verified it on August 3, 2026. Rates on deposit accounts move frequently, so confirm the current figure with KOHO before you apply.

Other savings accounts

Simplii Financial High Interest Savings Account
Simplii Financial
CIBC eAdvantage Savings Account
CIBC
Scotia High Interest Savings Account
Scotiabank
BMO Savings Amplifier Account
BMO
Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. VaultNerd may receive compensation from partners featured on this site. This does not influence our editorial content.
Written by
VaultNerd Editorial Team

Researching and writing about Canadian personal finance since 2026.

Last reviewed August 2026 · How we research

Cite this page

“KOHO High Interest Savings.” VaultNerd, https://www.vaultnerd.com/ca/savings-accounts/koho-high-interest-savings, updated August 2026.

Sources
  • KOHO published product and rate pages
  • VaultNerd products database