Does the calculator provide financial advice?

No. It provides an illustrative simple-interest estimate using the listed rates and monthly plan prices selected by the visitor. It excludes taxes, changing rates, annual billing discounts and the value of non-interest benefits.

EQ Bank vs KOHO Savings Rates (August 2026)

Direct-deposit qualified

EQ Bank Personal Account

2.75%

Listed annual rate when eligible customers maintain at least $2,000 per month in qualifying recurring direct deposits.

Listed base rate without the qualifying deposit condition: 1.00%.
EQ states that interest is calculated daily and paid monthly.
EQ lists no monthly fee or minimum balance for the Personal Account.
Conditions apply and rates may change without notice.

Plan qualified

KOHO Earn Interest

Up to 3.5%

The listed rate depends on the KOHO plan, and the customer must opt in to Earn Interest.

Essential: 2.00%, listed at $0/month.
Extra: 2.50%, listed at $12/month.
Everything: 3.50%, listed at $14.75/month.
Actual interest varies by plan; terms apply and rates may change.

Conditions at a glance

Option	Listed annual rate	Main condition	Listed monthly price
EQ Bank base	1.00%	Qualifying direct-deposit threshold not met	$0 account fee
EQ Bank qualified	2.75%	At least $2,000/month in qualifying recurring direct deposits	$0 account fee
KOHO Essential	2.00%	Essential plan and opt in to Earn Interest	$0
KOHO Extra	2.50%	Extra plan and opt in to Earn Interest	$12
KOHO Everything	3.50%	Everything plan and opt in to Earn Interest	$14.75

Prices are the monthly figures displayed on KOHO’s public comparison page when reviewed. Taxes, annual-billing discounts and changes are not included.

Estimate annual interest after listed plan fees

Use your expected average balance. This simple estimate assumes the selected rate and balance stay constant for one year.

Average balance (CAD)

EQ direct-deposit status

KOHO plan

Estimated EQ interest—

Estimated KOHO interest less listed plan fees—

Estimated difference—

Illustration only, not financial advice. Results exclude tax, compounding differences, rate changes, annual plan discounts and the value of plan benefits beyond interest.

Verify the live terms

Read each provider’s current terms before choosing. Bremo may earn a commission if you use the sponsored KOHO link; the EQ link is not presented as an affiliate link.

Check EQ Bank terms Check KOHO eligibility

Sources and review trail

EQ Bank Personal Account — rate, direct-deposit threshold, base rate, fee and calculation disclosures.
EQ Bank FAQ — qualification timing and continuing monthly threshold.
KOHO savings and plan comparison — plan rates, displayed monthly prices, opt-in and rate disclosures.
KOHO interest-rate help page — plan dependence and Everything-plan ceiling; page marked updated July 17, 2026.

Bremo reviewed these sources on August 1, 2026. This page does not assert that either account is best for every person.

Questions

What is required to earn 2.75% with EQ Bank?

EQ Bank states that eligible customers must add and maintain at least $2,000 per month in qualifying recurring direct deposits. Its listed Personal Account base rate is 1.00% when that condition is not met.

What is required to earn 3.5% with KOHO?

KOHO lists 3.5% for its Everything plan after the customer opts in to Earn Interest. KOHO states that actual interest varies by plan.

Does the higher listed rate always produce more net interest?

No. Eligibility, average balance and plan fees can change the result. Use the calculator for an illustration, then verify current terms directly with the provider.