Earn up to 4.50% APY with SoFi Checking and Savings
SoFi Checking and Savings (Member FDIC) offers a combined banking experience with no account fees, no minimum balances, and fast transfers. This all-in-one account is especially appealing for those who plan to set up direct deposit.
Competitive Interest Rates and Bonuses
This savings account provides a strong 4.50% APY, and uniquely, the linked checking account also earns an above-average interest rate. New customers can earn a bonus of up to $300 when they set up an eligible direct deposit.
Potential Earnings Illustration
With a 4.50% APY, your savings can grow significantly even in just six months. Adding the welcome bonus enhances your total return, making this offer stand out compared to the national average.
"The average savings account in America right now pays 0.40% APY. So with SoFi® you're earning more than 10 times the average interest rate."
Why Choose SoFi?
- Strong APY for both savings and checking accounts
- No account fees and no minimum balance requirements
- Fast and convenient transfers within the account hub
- Up to $300 bonus for new customers with direct deposit
Market Context
As the Federal Reserve reduces rates, many banks quietly lower their APYs. SoFi remains a leader in high-yield savings, making it a smart option to maximize earnings while strong rates last.
"It's smart to utilize a high-yield account while you can still earn a killer APY."
Author's summary: SoFi Checking and Savings stands out by offering a high 4.50% APY, no fees, and a $300 sign-up bonus, making it an attractive option in today's low-rate environment.