Fed Funds: 5.33%30Y FRM: 6.84%10Y Treasury: 4.42%Avg CC APR: 21.47%SOFR: 5.31%Prime Rate: 8.50%BTC: —
Fed Funds: 5.33%30Y FRM: 6.84%10Y Treasury: 4.42%Avg CC APR: 21.47%SOFR: 5.31%Prime Rate: 8.50%BTC: —
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SoFi Checking & Savings Review

SoFi Checking & Savings pays 3.80% APY on this savings product as of June 2026. Your deposits are FDIC-insured up to $250,000.

APY
3.80%
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Current APY
3.80%
Minimum deposit
$0
Monthly fee
None
Insurance
FDIC-insured
Product type
SAVINGS

Overview

SoFi Checking & Savings offers a high-yield savings account currently paying 3.80% APY. 3.80% APY with direct deposit..

Deposits at SoFi Checking & Savings are insured by the FDIC (or NCUA for credit unions) up to $250,000 per depositor, per ownership category. This is the same federal protection offered by traditional brick-and-mortar banks.

Compare SoFi Checking & Savings against other top picks below to make sure you're getting the best yield for your situation as of June 2026.

Pros

  • +Competitive 3.80% APY
  • +Federally insured deposits
  • +No monthly maintenance fee

Cons

  • −Variable APY can change
  • −APY is variable and not guaranteed
  • −Online-only experience

How it compares

BrioDirect
APY
5.30%
Varo Bank
APY
5.00%
My Banking Direct
APY
5.05%

How we review

We review savings & cds using verified rate data and lender disclosures. Rankings prioritize rate, fees, terms, and institutional safety — not affiliate payout. Read the full methodology.