About SoFi High-Yield Savings
The SoFi Checking and Savings Account from SoFi is one of the top-rated High-Yield Savings options evaluated on MoneyCompared, earning an overall product score of 9.3/10. All-in-one high-yield checking and savings account paying 0.50% APY on checking and up to 4.20% APY on savings vaults with direct deposit, plus up to $3M FDIC coverage.
Key highlights include Up to 4.20% APY Savings / 0.50% APY Checking, a fee structure of $0 Monthly Maintenance Fee, and Up to $300 Direct Deposit Welcome Bonus. Accounts are backed by Up to $3M FDIC Insurance via SoFi Insured Deposit Program and supported by SoFi's 4.9 / 5.0-rated digital banking experience.
