10 Best High-Yield Cost Savings Accounts Of July 2025: As much as 3.80% APY

SoFi Monitoring and Cost Savings Account is a no-fee account with perks. As its name suggests, this is a joint checking and cost savings account that earns interest on both savings and examining balances.
Why We Like It
SoFi pays respectable APYs on both the cost savings and checking parts of your balance (with savings balances making the highest interest) and provides additional FDIC insurance approximately $3 million. You can also qualify for no-fee overdraft coverage and early paycheck receipt.
What We Don't Like
This account likely will not be a good fit for anyone who doesn't wish to deposit their pay. Signing up for direct deposit is needed to unlock all account functions and the highest rates of interest.
Who It's Best For
This account is an attractive option for those who enjoy digital banking and like the idea of having their checking and cost savings in one location. Consider this mix account if you're searching for a satisfying place to send your paycheck.
* Earn as much as 4.00% Yearly Percentage Yield (APY) on SoFi Cost Savings with a 0.20% APY Increase (added to the 3.80% APY since 7/10/25) for as much as 6 months. Open a brand-new SoFi Checking & Cost savings account and register in SoFi Plus by 8/12/25. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
1SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Membership Charge every 1 month or SoFi members with $5,000 or more in Qualifying Deposits throughout the 30-Day Evaluation Duration can make 3.80% annual portion yield (APY) on savings balances (consisting of Vaults) and 0.50% APY on examining balances. There is no minimum Eligible Direct Deposit amount required to get approved for the mentioned rates of interest. Members without either SoFi Plus or Qualifying Deposits, throughout the 30-Day Examination Duration will earn 1.00% APY on cost savings balances (including Vaults) and 0.50% APY on examining balances. Rate of interest vary and subject to change at any time. These rates are current since 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our greatest APY but do not see 3.80% APY on your APY Particulars page the day after your Qualified Direct Deposit arrives, please call us at 855-456-7634. Additional details can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms at https://www.sofi.com/terms-of-use/#plus!.?.!. 2SoFi Bank is a member FDIC and does not offermore than
$250,000 of FDIC insurance coverage per depositor per legal classification of account ownership, as described in the FDIC's guidelines. Any extra FDIC insurance is offered by the SoFi Insured Deposit Program. Deposits might be insured as much as$3M through participation in the program. See full terms at SoFi.com/ banking/fdic/sidpterms. See list of taking part banks at SoFi.com/ banking/fdic/participatingbanks. 3SoFi does not charge any account, service or upkeep costs for SoFi Checking and Cost Savings.
SoFi does charge a transaction charge to process each outbound wire transfer. SoFi does not charge a cost for inbound wire transfers, however the sending out bank might charge a charge. Our fee policy undergoes change at any time. See the SoFi Checking & Cost Savings Fee Sheet for information at sofi.com/legal/banking-fees/. 4Early access to direct deposit funds is based upon the timing in which we get notification of upcoming payment
from the Federal Reserve, which is usually approximately 2 days before the scheduled payment date, but may vary. 5Overdraft Coverage is restricted to$ 50 on debit card purchases just and is an account advantage available to customers with Eligible Direct Deposits of$1,000 or more throughout the current 30-day Assessment Duration as figured out by SoFi Bank, N.A. The 30-Day Evaluation Duration describes the”Start Date”and”End Date “stated on the APY Particulars page of your account, which comprises a period of 30 calendar days(the “30-Day Examination Period” ). You can access the APY Particulars page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and picking either(i)Banking > Savings > Current APY or(ii )Banking > Monitoring > Current APY. Members with a previous history of non-repayment of unfavorable balances are disqualified for Overdraft Coverage. 6We have actually partnered with Allpoint to provide you with ATM gain access to at any of the 55,000+ATMs within the Allpoint network. You will not be charged a charge when utilizing an in-network ATM, however, third-party fees incurred
when using out-of-network ATMs are not subject to repayment. SoFi's ATM policies undergo alter at our discretion at any time. Source