10 Finest High-Yield Savings Accounts Of July 2025: Approximately 3.80% APY

SoFi Checking and Savings Account is a no-fee account with perks. As its name recommends, this is a joint checking and cost savings account that earns interest on both savings and examining balances.

Why We Like It

SoFi pays reputable APYs on both the cost savings and inspecting portions of your balance (with savings balances earning the highest interest) and provides extra FDIC insurance coverage as much as $3 million. You can also get approved for no-fee overdraft protection and early paycheck receipt.

What We Don't Like

This account likely will not be a good fit for anybody who does not wish to deposit their pay. Signing up for direct deposit is required to unlock all account features and the highest rates of interest.

Who It's Best For

This account is an appealing option for those who take pleasure in digital banking and like the idea of having their checking and cost savings in one place. Consider this combination account if you're searching for a gratifying location to send your income.

* Make approximately 4.00% Annual Percentage Yield (APY) on SoFi Cost Savings with a 0.20% APY Increase (contributed to the 3.80% APY since 7/10/25) for up to 6 months. Open a brand-new SoFi Checking & Savings account and enlist in SoFi Plus by 8/12/25. Rates variable, subject to alter. Terms use at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.

1SoFi members who register in SoFi Plus with Qualified Direct Deposit or by paying the SoFi Plus Subscription Cost every one month or SoFi members with $5,000 or more in Qualifying Deposits throughout the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on cost savings balances (consisting of Vaults) and 0.50% APY on inspecting balances. There is no minimum Eligible Direct Deposit quantity required to get approved for the specified rates of interest. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will make 1.00% APY on cost savings balances (including Vaults) and 0.50% APY on examining balances. Interest rates vary and subject to change at any time. These rates are existing since 1/24/25. There is no minimum balance requirement. If you have actually satisfied Qualified Direct Deposit requirements for our greatest APY but do not see 3.80% APY on your APY Details page the day after your Eligible 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 Conditions at https://www.sofi.com/terms-of-use/#plus!.?.!.  2SoFi Bank is a member FDIC and does not providemore than

$250,000 of FDIC insurance per depositor per legal classification of account ownership, as described in the FDIC's guidelines. Any extra FDIC insurance coverage is supplied by the SoFi Insured Deposit Program. Deposits may be insured as much as$3M through participation in the program. See complete terms at SoFi.com/ banking/fdic/sidpterms. See list of getting involved banks at SoFi.com/ banking/fdic/participatingbanks. 3SoFi does not charge any account, service or upkeep charges for SoFi Monitoring and Cost Savings.

SoFi does charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a charge for inbound wire transfers, nevertheless the sending out bank might charge a fee. Our cost policy goes through alter at any time. See the SoFi Checking & Savings Charge Sheet for details at sofi.com/legal/banking-fees/. 4Early access to direct deposit funds is based on the timing in which we receive notification of approaching payment

from the Federal Reserve, which is normally up to 2 days before the scheduled payment date, however might vary. 5Overdraft Protection is restricted to$ 50 on debit card purchases only and is an account advantage readily available to customers with Qualified Direct Deposits of$1,000 or more during the existing 30-day Evaluation Period as figured out by SoFi Bank, N.A. The 30-Day Evaluation Duration refers to the”Start Date”and”End Date “set forth on the APY Details page of your account, which consists of a period of 30 calendar days(the “30-Day Evaluation Duration” ). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi site and picking either(i)Banking > Cost Savings > Present APY or(ii )Banking > Checking > Existing APY. Members with a previous history of non-repayment of negative balances are ineligible for Overdraft Coverage. 6We've partnered with Allpoint to supply you with ATM gain access to at any of the 55,000+ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, nevertheless, third-party fees sustained