SoFi Checking and Savings review
The standard observed savings APY requires eligible direct deposit or qualifying deposits; SoFi Plus and temporary boosts are excluded. Rates are variable and the provider rate sheet controls.
Observed APY
3.10%Minimum to open
$0Rate status
Variable; dated observationThe standard observed savings APY requires eligible direct deposit or qualifying deposits; SoFi Plus and temporary boosts are excluded. Rates are variable and the provider rate sheet controls.
Check current provider terms ↗Compare alternatives on the same basis
3.95% observed APY
$100 minimum opening balance. Interest accrues and compounds daily; no hidden fees are listed on the product selection page.
Bask Interest Savings4.15% observed APY
No minimum balance or monthly account fees. Rate is variable and the account should be funded within 15 business days under the provider disclosure.
CIT Platinum Savings3.75% observed APY
3.75% APY requires a balance of $5,000 or more; balances below that tier earn 0.25%. Variable rate; no opening or monthly service fee is listed.
Not an exhaustive ranking. All figures use the shared provider observations; promotional and balance conditions differ.
Common questions
What is the SoFi Checking and Savings APY?
3.10% was observed on 2026-09-28. The standard observed savings APY requires eligible direct deposit or qualifying deposits; SoFi Plus and temporary boosts are excluded. Rates are variable and the provider rate sheet controls. Rates are variable.
What should I compare before opening?
Compare the APY you qualify for, opening deposit, maintenance fees, withdrawal access, and any promotional end date. A higher conditional rate may not suit someone unable to meet its deposit requirements.
Is this a savings account or a CD?
This page covers a savings product with a variable rate. A certificate of deposit is a different product with its own term, rate, and early-withdrawal conditions.
Sources and limitations
Source: SoFi Checking and Savings provider page, checked 2026-09-28. We have not conducted hands-on account testing or a customer-service survey. No numerical review score is assigned here. Dated rate observations are available in the tracker. Editorial policy.
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