What interest rate does KOHO offer?

KOHO does not have one single, fixed interest rate for every customer. In general, KOHO offers a variable annual interest rate on eligible savings balances, and the exact rate can depend on your plan, product, and any current promotion. Because rates can change, the live number in the KOHO app is the most reliable one to check.

Short answer

If you’re asking, “What interest rate does KOHO offer?”, the best concise answer is:

• KOHO’s interest rate is variable
• It may differ based on the account type or plan
• It can change over time
• The current rate is usually shown in the app or pricing page

In other words, KOHO is not usually a “set it and forget it” fixed-rate product like a GIC. It’s more of a savings-rate offer that can be updated.

Where KOHO interest usually applies

KOHO is designed as a spending and savings platform, so the interest rate is typically tied to an eligible savings balance rather than every dollar sitting in the app.

That means:

• Your everyday spending balance may not earn the same rate as savings
• A savings feature or pocket may earn interest
• A paid plan may unlock a better rate or different perks

If you’re comparing KOHO to a traditional savings account, make sure you’re looking at the right product inside the app.

Why KOHO’s rate can vary

Several factors can affect the KOHO interest rate you see:

1. Plan tier
   Free and paid plans may have different rates.

2. Product type
   KOHO may treat spending funds and savings funds differently.

3. Promotions
   KOHO may run limited-time offers or bonus-rate campaigns.

4. Market changes
   Like many financial products, rates can rise or fall depending on market conditions.

5. Eligibility requirements
   Some rates may depend on direct deposit, account activity, or other conditions.

How to check the current KOHO interest rate

Because the rate can change, it’s smart to verify it before moving money around.

Look in:

• The KOHO app
• KOHO’s pricing page
• The product’s terms and conditions
• KOHO customer support or help articles

If you see more than one rate online, that’s usually because different users may qualify for different offers.

Is KOHO’s interest rate competitive?

That depends on what you’re comparing it to.

KOHO can be a good fit if you want:

• One app for spending and saving
• A competitive variable rate
• Extra features like cash back or budgeting tools
• A simple way to keep savings accessible

It may be less ideal if you want:

• A fixed guaranteed return
• The highest possible savings rate
• A product like a GIC or term deposit

So, KOHO’s value is often about convenience and flexibility, not just the highest posted rate.

Things to watch before relying on the rate

Before choosing KOHO for interest earnings, check these details:

• Is the rate annualized?
• Is it variable or promotional?
• Does it apply to all balances or only savings?
• Are there account conditions to qualify?
• How often is interest paid?
• Are there tax implications?

In Canada, interest income is generally taxable, so any interest you earn through KOHO may need to be reported on your taxes.

Quick summary

KOHO’s interest rate is not one universal number. It’s usually a variable rate on eligible savings balances, and the exact rate depends on your plan and current offer. If you want the most accurate answer for your account, check the rate inside the KOHO app or on KOHO’s official pricing information.

If you’d like, I can also compare KOHO vs. EQ Bank vs. Wealthsimple Cash on interest rates and fees.