SoFi
Get up to $375 through my invite
- $0 minimum balance
- No account, service or maintenance fees (some transfer fees apply)
- FDIC insured to standard limits, and SoFi's deposit program may insure up to $3M
- Direct deposit up to 2 days early, depending on your payer
Deposit at least $50 within 25 days to earn $25. Higher bonuses require larger deposits kept for 90 days, and $50 of the total requires joining SoFi Plus within 25 days. See SoFi's site for the current APY, offers and terms.
what is a high-yield savings account?
It's a savings account that usually pays more interest than a traditional one, while your money stays easy to reach. Many are offered by online banks, and many are FDIC insured.
what to compare
APYThe interest you earn in a year. Savings rates are usually variable, so they can change.
Rate requirementsCheck whether the top rate needs direct deposit, a minimum deposit or a promo period.
FeesLook for monthly fees and anything else that could eat into your interest.
Minimum balanceSee what it takes to open the account and earn the advertised rate.
InsuranceConfirm FDIC or NCUA coverage and how much applies to you.
AccessCheck how quickly you can move money in and out.
Rates, offers and terms can change, so confirm the details with SoFi. This is for education and isn't financial advice. Privacy