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SoFi Launches High-Yield Savings Account Up to 3.80% APY

12/17/2025

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Summary

Story summary

SoFi offers a high-yield savings account with up to 3.80% APY for members who enroll in SoFi Plus or maintain qualifying deposits, while others earn 1.00% APY.
The account includes a checking option and has no minimum balance requirement.
Overdraft coverage is limited to $50 for eligible customers.
SoFi provides access to more than 55,000 ATMs through Allpoint with no fees, and outgoing wire transfers incur transaction fees.

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Story summary

SoFi offers a high-yield savings account with up to 3.80% APY for members who enroll in SoFi Plus or maintain qualifying deposits, while others earn 1.00% APY.
The account includes a checking option and has no minimum balance requirement.
Overdraft coverage is limited to $50 for eligible customers.
SoFi provides access to more than 55,000 ATMs through Allpoint with no fees, and outgoing wire transfers incur transaction fees.