Last Updated:
SoFi Review 2026
Quick Summary
Rating
4.7/5 ⭐
Savings APY
4.60%
Checking APY
4.60%
Monthly Fee
$0
Best for: Users wanting checking and savings with high APY
What is SoFi?
SoFi is a full-service online bank offering competitive rates and modern banking features.
✓ Pros
- Same high APY for checking and savings
- No account fees
- Early direct deposit access (up to 2 days)
- Free financial planning tools
- Cash back rewards
✗ Cons
- No physical branches
- Limited CD options
- Requires direct deposit for some benefits
Account Details
| Savings APY | 4.60% |
| Checking APY | 4.60% |
| Min Deposit | $0 |
| Monthly Fee | $0 |
| ATM Access | None (55,000+ free ATMs) |
| Mobile App | Excellent |
| FDIC Insured | Yes |
Who Should Choose SoFi?
Best for: Users wanting checking and savings with high APY