All savings
Online bank FDIC insured
SoFihigh-yield savings
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
Minimum deposit
$0
Monthly fee
None
Compounding
Daily
Pros and cons
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.