Honest NumberTransparency in the numbers
All savings
Online bank FDIC insured

SoFi

Checking and Savings

SoFi combines checking and savings with one of the highest APYs available when you set up direct deposit.

4.60%
Annual Percentage Yield
Apply at SoFi
Minimum deposit
$0
Monthly fee
None
Compounding
Daily

Pros

  • Earn higher APY with direct deposit
  • No fees
  • Up to $2M FDIC coverage

Cons

  • Top APY requires direct deposit

Account terms

Bank type
Online bank
FDIC insured
Yes — up to $250,000
Availability
Nationwide
Withdrawal limit
No limits

National rate curve

Comparing 8 active high-yield savings accounts

Top 38% nationally

Deposit calculator

See how much you'd earn at 4.60% APY, compounded daily.

1 year
$10,471
+ $471 earned
3 years
$11,480
+ $1,480 earned
5 years
$12,586
+ $2,586 earned

Rates and terms are illustrative. Always verify with SoFi before applying.