High Yield Savings

Earn Interest While You Save!

Earn Up to 5.05% APY: Significantly higher than traditional bank savings accounts.

Compound Interest: Interest compounds daily to maximize your earnings over time.

Low Minimum Deposit: Open an account with as little as $1 in many cases.

FDIC-Insured: Your money is protected up to $250,000 per depositor.

Details:

Keep more of your money growing with zero hidden charges.
Access top-rated high-yield accounts across multiple trusted financial institutions.
Ideal for first-time homebuyers and retirement planning.

Earn Up to 4.50% APY: Get a 0.70% boost on our standard savings APY of 3.80% when you set up a new account with eligible direct deposit.

Zero Account Fees: Keep more of your money. We don’t charge monthly fees, overdraft fees, or minimum balance fees.

Earn Additional $300 Bonus: Start your savings off right. Earn a $50 or $300 cash bonus with eligible direct deposit.

FDIC-Insured: Access additional FDIC-insurance up to $3M through our partner network.

Bonus Details:

First, open a new SoFi Savings account by 1/31/26.
Next, become a SoFi Plus member within 60 days by setting up an eligible direct deposit or enrolling in a $10/month (every 30 days) subscription.

Then, enjoy a 0.70% APY boost on your savings for six months as long as you maintain your SoFi Plus membership. And if our variable APY changes, don't worry, you'll still get the 0.70% bump on top of the standard savings rate of 3.50 APY equaling 4.50 APY!