SoFi Checking & Savings
If your paycheck goes here, the APY is very competitive and checking comes bundled.
Use this page as a benchmark, not as a guaranteed quote or eligibility promise. The price, rate, fee, coverage, or feature set can change with location, customer profile, promotional timing, scope, and provider terms. Compare the current source disclosure before you buy or sign.
FairPrice Guru keeps the benchmark separate from the provider's marketing. A higher price is not automatically unfair when it buys more coverage or a better scope, and a lower headline price is not automatically better when fees, restrictions, or missing features change the real cost.
Price and terms
- APY: 4.50%
- Monthly fee: $0
- Minimum deposit: $0
FairPrice score: 81/100
Features
- Combined checking + savings
- 55,000 fee-free ATMs
- Up to $2M FDIC via network
Pros
- Bundled checking with high APY
- No overdraft fees
- Extended FDIC coverage
Cons
- Top APY requires direct deposit
- Physical branch = none
Best for
- direct deposit
- all-in-one
Official source · Last verified 2026-10-05