3.50%
New users can earn a bonus when signing up with a referral code and making their first purchase.
CA$0
CA$0
No per-transaction fees
This account shines for its straightforward high interest rate of 3.50% on all balances, coupled with the flexibility of no minimum balance requirements. KOHO's integration of spending and saving through a prepaid Mastercard makes it a unique offering in the market.
Pros:
- High interest rate
- No minimum balance required
Cons:
- Interest rate depends on subscription plan
- No traditional welcome bonus
Overall, the KOHO High-Interest Savings Account is an excellent choice for individuals seeking a hassle-free way to grow their savings without monthly fees or minimum balance requirements. Its competitive interest rate and seamless integration with spending tools make it particularly well-suited for tech-savvy savers looking to maximize their financial potential.