Skip to main content
SavingsEditor's ReviewSponsored

SoFi Savings Review

High APY + Full Banking Bundle

4.5/ 5.0
APY (with direct dep.)4.60% APY
APY (without)1.20% APY
Monthly FeesNone
Signup BonusUp to $300 cash

Top Pick · Savings

SoFi Savings

Earn up to 4.60% APY with direct deposit

FDIC insured
Open Account
CalcMoney Editor's Take

SoFi offers the highest APY we've seen with direct deposit (4.60%), plus a full suite of banking features in one app. It's ideal for people who want savings, checking, and loans under one roof.

Pros

  • Market-leading 4.60% APY with direct deposit
  • Checking + savings bundled in one account
  • Up to $300 cash bonus for new members
  • Early paycheck access (2 days early)
  • FDIC insured up to $2M through partner banks

Cons

  • High APY requires setting up direct deposit
  • SoFi ecosystem is best when you use multiple products

Best For

Those switching their primary bankDirect deposit usersPeople who want the highest possible APY

Run the Numbers First

401K+$47Kvs no match
Compound Interest Calculator
FIREAge 42FIRE target
Savings Goal Calculator

Ready to Get Started?

Visit SoFi Savings

Advertiser Disclosure: CalcMoney may earn a commission if you open an account or apply through links on this page. This does not affect our editorial ratings or recommendations.

4.60% APY requires direct deposit. APY subject to change. FDIC insured.