So let’s say you have $1,000 at KOHO, you sign up to earn 3% interest (interest rate could vary depending on your account), and you leave your $1,000 for 365 days.

Depending on your account type, if your interest rate is 3%, that means you will receive approximately $30 for the year (3% * 1000). Keep in mind that interest is calculated daily and paid out monthly. Therefore, you will receive approximately $2.55 monthly, which is expressed as the following (using January as an example): (31/365) * $30 = $2.55.

Each month you will receive slightly more interest, thanks to the monthly compounding 💸

The interest is earned on your entire KOHO balance - so this includes Vault!