SoFi Checking and Savings

SoFi

Best for hands-off savers who want no minimums and zero fees.

3.10%APYFDIC Insured

Rate Details

Current APY3.10%
CompoundingDaily

Fees & Minimums

Monthly FeeNone
Min Opening Deposit$0

Features

✓FDIC Insured
✓Mobile App
✓Mobile Deposit
✓ATM Access
✗Check Writing
✓Joint Account
✓Sub-Accounts / Buckets
✓Automatic Transfers
✓No Minimum Balance

Overview

SoFi Checking and Savings from SoFi offers 3.10% APY with no monthly fees and no minimum balance requirement. Interest compounds daily and the account is FDIC insured.

Why We Like It

We like SoFi Checking and Savings because it charges no fees and requires no minimum balance, includes savings buckets for organizing goals, provides ATM access for quick withdrawals.

Pros & Cons

Pros

  • No monthly fees
  • No minimum balance requirement
  • Mobile app available
  • Mobile check deposit
  • Savings buckets for goal tracking

Cons

  • No check-writing privileges
Open Account at SoFi

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APY as of June 7, 2026