SoFi Checking and Savings

SoFi Checking and Savings unlocks a premium 3.80% APY on savings for members with direct deposit, 0.20% higher than the typical savvy saver account from #3 Wealthfront. It also bundles access to investing, lending, and credit monitoring, creating a unified financial platform that reduces app clutter. While the APY trails #1 Marcus by 0.45%, SoFi's all-in-one ecosystem saves users an average of $120 annually in separate account fees, making it the most cost-effective choice for consolidating finances.