KOHO Save
How many cards, accounts, apps, and routing numbers does one person need? It's time to meet your new favourite account, KOHO Save, where you can earn and spend, all in one place.
When you open a (free!) KOHO account and opt into KOHO Save, you'll be earning 0.5% instant cash back and a 1.2% interest rate on your whole balance. That means earning money on every dime, dollar, and deposit you make into your KOHO account. Yeah, we're pretty excited about it too.
Get KOHO
Tell me everything
Earn 1.2% interest on every penny. Just make sure you're on direct deposit to access KOHO Save.
All the perks of using KOHO, like free e-Transfers, instant 0.5% cash back on all purchases, and a sweet referral bonus of an extra 1% cash back every time you refer a friend.
No extra fees, no minimum balance, no promotional rates. What you see is what you get.
Your money is held in a federally regulated financial institution and accessible to you 24/7.
How does KOHO Save compare to the big banks?
1: Enter your annual income
2: Adjust what you spend and save
Spend
Save
CA$30,000
Annually
CA$20,000
Annually
CA$240.00
Interest
CA$150.00
Cash back
Total:
CA$390.00
CA$300.00
Interest
CA$10.00
Interest
-CA$131.00
Fees
A:KOHO Save account
B:Competitive savings accounts
C:Traditional accounts
Get KOHO
Not yet a KOHO user? Register for KOHO now.
Sign up for KOHO* 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
How to set up direct deposit đź’ł
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Once you've downloaded the KOHO app, click the money button.
Read our FAQ
Once you opt into KOHO Save, all cash balances from your KOHO Save account(s) will be held in trust at a Canada Deposit Insurance Corporation (CDIC) member institution. CDIC is a federal Crown corporation. CDIC is not a bank or a private insurance company. CDIC protects eligible deposits held at CDIC member institutions (List of Members) in case of a member’s failure.
For eligible deposits held in trust at a CDIC member institution, CDIC insures up to $100,000 for each beneficiary named in a trust, provided certain disclosure rules are met. Coverage is free and automatic. For more information on how CDIC trust protection works, click here.