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.