High Interest Savings Accounts

Back in 2020 we wrote a blog post titled “Do “High Interest” Savings Accounts Still Exist in Canada?” where essentially all Canadian financial institutions that offered high interest savings accounts were offering rates around the 1% mark.  Fast forward to the fall of 2023 and a lot has changed.  Our friends at KOHO have a special offer for the addy community:

🤑 Earn up to 4.5% savings interest with KOHO

KOHO, the well-known Canadian fintech used by over 1M Canadians, recently increased their savings interest rate to up to 4.5%! 🤯

Unlike many high interest savings accounts, KOHO’s account has no minimum deposit requirement, interest is paid on a monthly basis, and you have access to funds at anytime (no lock-up period). The funds are also CDIC-insured!

In addition to a high-interest savings account, KOHO also works as a free chequing account that you can send and receive e-transfer for free. You can also shop anywhere Mastercard is accepted and earn up to 6% unlimited instant cash back.

KOHO has a special offer for the addy community of a $20 sign-up bonus when you make your first purchase along with a free 3-month subscription for their KOHO Extra plan. Sign up for your free KOHO account with code KOHOHISA20 and get access to this special offer.

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