SoFi Checking + Savings
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4.60% APY on savings with direct deposit, 0.50% on checking, no fees. Combo account, $300 sign-up bonus.
💵 Highest rate (conditional)
Direct deposit qualification requires meeting an ACH deposit threshold monthly — verify before relying on the high rate.
SoFi Checking + Savings hits 4.60% APY on savings — but only with direct deposit ($1+/month meeting deposit triggers). Without direct deposit, the rate drops to 0.50%. $300 signup bonus. Best if you can actually qualify; risky if you can't.
Pros
- 4.60% APY (with direct deposit)
- $300 signup bonus
Cons
- Rate drops to 0.50% without direct deposit
SoFi Checking & Savings Review 2026 — Still the Best Bank?
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