/images/2018/01/23/navina-side-hustle-mid_MPfEDfV.jpg)
/images/2019/12/06/smart_strategies_to_save_money_on_car_insurance.jpg)
Banking
Find trusted insights on banking. Compare bank reviews, certificates of deposit, checking accounts, and savings & money market options to make smarter money moves.
Best of Banking
/images/2019/07/11/businessman-having-high-yield-savings-accounts.jpg)
6 Best Savings Accounts With No Minimum Balance Requirements [September 2025]
/images/2023/10/13/woman-opening-checking-account.jpeg)
The 5 Best Checking Accounts With No Monthly Fees [2025]
/images/2023/09/14/woman_using_laptop.jpg)
Banking
8 Easiest Bank Accounts To Open Online [2025]: Get Approved Quickly
/images/2025/02/04/person_using_card_in_atm.jpg)
Banking
7 Bank Accounts With No Credit Check Required To Open [2025]
/images/2023/09/26/couple_reading_bills.jpg)
Banking
11 Popular Checking Accounts That Don't Charge Overdraft Fees
Popular Reviews
/images/2024/07/31/sofi_logo_-_cropped.png){kind=logo}
5.0
SoFi Checking and Savings
-
Limited-Time Offer: Earn up to a $300 bonus and up to 4.50% APY on Savings (3.80% APY1 <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at <a href="https://www.sofi.com/banking/">sofi.com/banking</a>. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.80% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet" >http://www.sofi.com/legal/banking-rate-sheet</a>.</p> with +0.70% APY Boost) for 6 Months on new accounts with eligible direct deposit. Terms Apply.2 <p>Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member FDIC.</p>
-
No account, overdraft, or monthly fees3 <p>We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a></p>
-
Get your paycheck up to two days early
-
Access additional FDIC insurance up to $3 million4 <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at <a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>
Latest in Banking
See More Articles →/images/2025/08/29/two_professionally_dressed_people_walking_down_street.png)
What Is the Typical Minimum Balance for Savings Accounts?
/images/2025/08/28/group_of_tourists_on_cliff.png)
How To Earn Travel Rewards While Banking
/images/2025/08/28/two_college_students_talking.png)
Best Checking Accounts for Students [2025]: Smart Choices for College Budgets
/images/2025/08/25/young_woman_holding_a_coffee_mug.png)
Best Banks for Young Adults [2025]: Start Building Your Own Wealth
/images/2025/08/22/smiling_woman_talking_on_phone_1.png)
Closing a Joint Bank Account: What You Need to Know
/images/2025/08/15/smiling_couple_working_on_bills_1.png)
7 Common Savings Account Fees You Never Need To Pay
/images/2025/08/11/synchrony_logo_on_a_smartphone.png){kind=logo}
Synchrony Bank Review [2025]: High-Yield Savings and CDs
/images/2025/08/07/smiling_woman_talking_on_phone.png)
Best Checking Accounts for Young Professionals [2025]: Big Benefits and Few Fees or Requirements
/images/2025/08/05/alliant_user.png)
/images/2020/07/29/woman-on-couch-with-laptop.jpeg)