What interest rate does KOHO offer?

KOHO does not have just one universal interest rate for every customer. The rate depends on the KOHO product you’re using, your plan, and any current promotional offers. In practice, KOHO’s everyday spending balance may not earn interest, while its savings or interest-bearing features can offer a variable annual rate on eligible funds.

Quick answer: KOHO’s interest rate is variable, and the exact rate changes over time. In some recent offers, KOHO has advertised rates up to around 5% on eligible balances, but you should always confirm the current rate in the app or on KOHO’s official rate disclosure before making a decision.

How KOHO interest works

KOHO is a Canadian fintech platform, not a traditional high-interest savings bank. That means the interest you can earn usually depends on the specific account or feature you activate.

Here’s the general breakdown:

KOHO feature	Interest earned?	Notes
Standard spending balance	Usually no	Primarily for everyday spending
Savings / interest-bearing balance	Yes	Variable rate on eligible funds
Promotional offers	Sometimes higher	May depend on plan or direct deposit setup

What affects the KOHO interest rate?

Several factors can change the rate you receive:

Account type: Spending balances and savings balances may have different treatment.
KOHO plan: Some premium tiers may unlock better rates or perks.
Promotions: KOHO may run limited-time offers with boosted interest.
Eligibility rules: Certain rates may apply only to specific deposits or balance amounts.
Rate changes: Interest rates can move up or down over time.

Is KOHO’s rate good compared with other options?

That depends on what you want.

KOHO can be attractive if:

You want a simple all-in-one money app
You like spending, saving, and earning interest in one place
You prefer mobile-first banking tools
You want a competitive promotional rate without opening a separate savings product

KOHO may not be the best fit if:

You want the highest possible guaranteed savings rate
You prefer a traditional bank savings account
You need a rate that stays fixed for a long time

How to check KOHO’s current interest rate

Because KOHO rates can change, the best way to confirm the current number is to:

Open the KOHO app
Go to the earnings, savings, or interest section
Review the rate disclosure
Check whether the offer requires:
- direct deposit
- a premium plan
- minimum balance conditions
- a limited-time promotion

If you’re comparing options, it’s also smart to read the fine print on:

how interest is calculated
whether interest is paid monthly
whether the rate applies to your full balance or only part of it

What this means for you

If your main question is “Does KOHO pay interest?” the answer is yes, on eligible savings-style balances or special offers. If your question is “Does KOHO pay interest on my regular spending money?” the answer is usually not in the same way a savings account would.

So the most accurate summary is:

KOHO’s interest rate is not fixed
It varies by product and promotion
Some offers have been competitive, even reaching around 5% on eligible balances
You should verify the current rate directly with KOHO

Before you sign up, compare these details

Interest rate is only one part of the decision. Also look at:

fees
direct deposit requirements
withdrawal rules
how quickly interest is paid
whether the balance is insured through KOHO’s banking partners
if the rate applies to the whole balance or only certain deposits

Bottom line

KOHO offers a variable interest rate, not one permanent number for everyone. Depending on the product and current promotion, KOHO has offered competitive rates on eligible balances, sometimes up to around 5%. If you want the exact current figure, check KOHO’s app or official rate page, since the rate can change.

FAQ

Does KOHO offer interest on all balances?

Not usually. Interest typically applies only to eligible savings or interest-bearing balances, not every part of the account.

Is KOHO’s interest rate fixed?

No. KOHO’s rate can change based on the product, plan, and current promotions.

Does KOHO have a high interest rate?

It can be competitive, especially during promotions, but the best rate depends on the current offer and your eligibility.

Where can I see KOHO’s current rate?

Check the KOHO app or the official terms and rate disclosure for the most up-to-date information.