KOHO vs High-Interest Savings Accounts (2025)
Compare KOHO to traditional high-interest savings accounts. Discover which option offers better rates, flexibility, and features for your savings goals in 2025.
When it comes to growing your savings, you have options. Traditional high-interest savings accounts (HISAs) have been the go-to choice for decades, but modern alternatives like KOHO are changing the game. So which one is right for you in 2025? Why settle for low interest? The instant KOHO bonus gives you instant value.
Understanding High-Interest Savings Accounts
Traditional HISAs are offered by banks and credit unions. They typically offer:
- Higher interest rates than regular savings accounts
- CDIC insurance protection
- Limited transactions per month
- Often require minimum balances
What KOHO Offers
KOHO takes a different approach to savings:
- Competitive interest rates on savings goals
- Integrated spending and saving in one app
- No minimum balance requirements
- Unlimited transactions
- Cashback rewards that boost your savings
The Key Differences
Flexibility
KOHO wins here. Unlike traditional HISAs that limit monthly transactions, KOHO lets you move money freely between spending and savings without penalties.
Interest Rates
It depends. Some HISAs offer slightly higher rates, but KOHO’s cashback rewards can offset the difference—especially if you’re an active spender. Compare the interest rates vs the immediate cash from a KOHO sign up bonus.
Accessibility
KOHO wins. Everything happens in one app. No need to transfer money between accounts or wait days for funds to clear.
Features
KOHO wins. Beyond just earning interest, you get budgeting tools, instant notifications, and automated savings features like RoundUps. You can even automate your savings to grow your wealth effortlessly.
Which Should You Choose?
Choose a traditional HISA if:
- You have a large lump sum to park long-term
- You rarely need to access the money
- You want the absolute highest interest rate
Choose KOHO if:
- You want flexibility to spend and save from one account
- You value budgeting tools and real-time insights
- You want to earn cashback while saving
- You prefer a modern, mobile-first experience
The Best of Both Worlds?
Many Canadians use both: a KOHO account for daily spending and short-term savings goals, and a traditional HISA for long-term emergency funds or larger savings targets.
Ready to experience modern saving? Get your KOHO referral code here and start earning today with the KOHO referral code 2025!
