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SoFi Checking and Savings logo

SoFi Checking and Savings

Savings Account

1,247 people have explored a SoFi account this week
4.2
(51 reviews)
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Most Popular
1,247 explored this week
Top Rated
Account Images
SoFi Checking and Savings - Image 1
Account Overview

3.80% APY

Annual Percentage Yield

Minimum Deposit$0
Monthly FeeNo Fee
Welcome BonusUp to $300
FDIC Insured
Yes
About This Account

A combo savings/checking account where you can earn a strong APY on savings balances and a cash bonus when you set up direct deposit. Account holders also get SoFi membership benefits, which includes free access to a certified financial planner and career coaches.

Key Highlights

  • Top Pick by financial experts
  • Strong APY with direct deposit
  • Comprehensive member benefits
  • No hidden fees
Pros
  • High APY rate of 3.80%
  • No monthly maintenance fees
  • Large ATM network
  • Additional member perks
  • Mobile app highly rated
Cons
  • Requires direct deposit for highest APY
  • No physical branches
  • Limited cash deposit options
Features & Benefits
Earn up to 3.80% APY
No account fees or minimum balance
FDIC insured up to $3M through program
55,000+ fee-free ATMs
Early direct deposit access
Free financial planning tools
Customer Reviews
4.2
(51 reviews)
"Quick transfers, competitive rates and responsive customer service. Joined SoFi a little over a year ago to open a checking and high-yield savings account, and have found my interactions with their app and the bank themselves to be great."
Anonymous
SoFi logo
Project Knowledge
2025
"I've been using SoFi for about 18 months as my primary bank and am very pleased. I really like that you can keep 100% of your cash in savings and get the 4.5% APY with overdraft protection."
Anonymous
SoFi logo
Project Knowledge
2024
"The banking itself has been fine and the customer support has been helpful. We got a credit when creating a joint account after our wedding. Linking to my personal accounts and transferring money around is very easy and convenient."
Sarah M
SoFi logo
Motley Fool
2025

3.80% APY

Current Rate

1,247

people explored this account this week

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Rates subject to change. Terms and conditions apply.

Quick Facts
Account TypeSavings Account
Min. Opening Deposit$0
Monthly Maintenance FeeNone
FDIC InsuredYes
Customer Rating4.2/5