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Enjoy comprehensive banking solutions with SoFi Checking and Savings accounts, offering competitive interest rates of up to 4.60% APY on savings and 0.50% APY on checking, while allowing you to receive your paycheck two days early with direct deposit.
Get fee-free ATM access, strong savings features, a robust remote customer service experience, and the option for up to $2 million in federal insurance, all while saying goodbye to overdraft fees.
SoFi, Member FDIC.
✓ Competitive interest up to 4.60% APY
✓ Access to funds two days sooner with direct deposit
✓ No overdraft fees
✓ Combined checking and savings account with separate APYs
✗ Cash deposit services may come with a small fee
✗ Monthly direct deposit of $5,000+ is required to qualify for the best rates
With an option to earn competitive interest rates, including 0.50% on checking balances and up to 4.60% on savings balancess (direct deposit requirement), early paycheck access, wide ATM access, and no overdraft fees, SoFi combines convenience and financial growth. The SoFi Checking and Savings Account offers a unique solution that serves both checking and savings needs, with each part of the account having different interest rates.
The savings component of the account is designed to support various saving goals through features like savings vaults and an automatic savings program known as Roundups. This program rounds up debit card purchases to the nearest dollar, depositing the difference into a designated vault.
Unlike typical banks which offer Federal Deposit Insurance Corporation (FDIC) insurance up to $250,000, SoFi extends this protection through its network of banks, allowing funds to be insured up to $2 million. Plus, SoFi provides a range of convenient customer service options, including extended phone hours, a virtual assistant for chat support, and comprehensive website tools.
Our site regularly updates rates, fees, and other banking information displayed. Please click here or visit 'VIEW RATES' at the bottom of this page for the latest information.
SoFi Disclaimer: Direct Deposit Promotion begins on 12/7/23 and will be available through 12/31/24.
SoFi offers a unique Checking and Savings account that provides customers with various financial benefits. SoFi reserves the right to change interest rates, fees, and other pricing. The company's strong remote customer service, up to $2 million in federal insurance, and overdraft protection programs make it a compelling choice for digital-first money management.
SoFi, Member FDIC.
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