Story perspectives

SoFi Launches Fee-Free Checking and Savings with 4.30% APY

3/26/2026

Summary

Story summary

SoFi offers a combined Checking and Savings Account with an interest rate of up to 4.30% APY on savings.
The account has no fees, requires no minimum balance, and provides additional FDIC insurance up to $3 million.
Customers can qualify for no-fee overdraft coverage with eligible direct deposits of at least $1,000 within 31 days.
SoFi Bank, a member of the FDIC, insures deposits up to $250,000 per depositor.
The bank provides access to over 55,000 ATMs through the Allpoint network, but charges fees for outgoing wire transfers.

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Story summary

SoFi offers a combined Checking and Savings Account with an interest rate of up to 4.30% APY on savings.
The account has no fees, requires no minimum balance, and provides additional FDIC insurance up to $3 million.
Customers can qualify for no-fee overdraft coverage with eligible direct deposits of at least $1,000 within 31 days.
SoFi Bank, a member of the FDIC, insures deposits up to $250,000 per depositor.
The bank provides access to over 55,000 ATMs through the Allpoint network, but charges fees for outgoing wire transfers.