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Checking accounts generally aren't exciting. Most people, including me, use them daily to pay bills or withdraw cash, but don't look beyond finding an account without fees and with local ATMs.
I was surprised to discover that many checking accounts offer interest and that the best high-interest checking accounts can rival high-yield savings accounts in terms of interest rates. They also often come with perks like ATM rebates or no fees.
If you tend to carry relatively high balances in your checking account, a high-interest account could help you make the most of your money.
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Our partners do not influence our ratings.
Up to $300New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found athttp://www.sofi.com/legal/banking-rate-sheet.
Minimum Opening Balance
$0
Monthly Fee
$0
Why We Like It
Earn a $50 or $300 bonus and up to 4.30% APY1 <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at<a href="http://www.sofi.com/legal/banking-rate-sheet" >http://www.sofi.com/legal/banking-rate-sheet</a>.</p> on your money with eligible direct deposit
Limited-Time Offer: +0.70% Boost on Savings APY for 6 months on new accounts with eligible Direct Deposit. Terms Apply.2 <p>Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Open a new SoFi Checking and Savings account and pay the $10 SoFi Plus subscription every 30 days OR receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 1/31/26. Rates variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member FDIC.</p>
No account, overdraft, or monthly fees3 <p>We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a></p>
Get your paycheck up to two days early with direct deposit4 <p>Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.</p>
Access additional FDIC insurance up to $3 million5 <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at <a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>
In general, a high-interest checking account functions just like a regular checking account. But it typically offers a higher APY than the national average for interest checking, which is 0.07% (as of 12/15/25) per the Federal Deposit Insurance Corporation (FDIC).
You'll usually find the highest APYs on accounts at credit unions and online banks, which typically don't have the overhead costs of a more traditional bank. While the APY offered depends on the bank, it may range from 0.10% to up to 5.00%.
Some banks require you to meet multiple conditions to earn the highest APY, like maintaining a minimum balance, making a certain number of debit card purchases each month, and setting up direct deposit. You may also find that some banks only pay the highest rate on up to a certain amount, and anything above that earns a substantially lower rate.
Since high-interest checking accounts generally come with a debit card, you could have easier access to your money compared to high-yield savings accounts, and you still receive the competitive APYs.They are also generally covered by the FDIC, or the National Credit Union Administration (NCUA). If the institution is a member, your money is protected in the event of a bank failure.
Sign-up bonuses1 <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at<a href="http://www.sofi.com/legal/banking-rate-sheet" >http://www.sofi.com/legal/banking-rate-sheet</a>.</p>
Earns a 0.50% APY on checking and up to 3.60% on savings with direct deposit8 <p>Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at <a href="https://www.sofi.com/legal/banking-rate-sheet">https://www.sofi.com/legal/banking-rate-sheet</a></p>
Automatically opens a savings account when you open a checking account
Earns up to a 4.75% (as of 9/24/25) APY when you meet all criteria
Offers up to a 2.00% (as of 9/24/25) APY on its high-yield savings account
Wealthfront Cash Account
Great for FDIC insurance
Product details
APY: 3.50%
Minimum balance for APY: $0
Monthly service fee: $0
Wealthfront's Cash Account isn't technically a checking account, but it functions like one, which is why we included it on this list. With a 3.50% APY on all balances with no minimum requirements, we couldn't leave it off the list. And its exceptional FDIC insurance coverage is another reason it stands out.
While standard bank accounts are insured up to $250,000, Wealthfront provides up to $8 million in FDIC insurance (or $16 million for joint accounts) by sweeping deposits across up to 32 program banks.
The Wealthfront Cash Account matches or exceeds the yields of many of the best savings accounts while offering checking features such as a debit card, bill pay, and mobile check deposits.
APY: 0.50% on checking and up to 3.60% on savings with direct deposit
Minimum balance for APY: $0
Monthly service fee: $03 <p>We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a></p>
SoFi is an online-only institution with no monthly fees or minimum balance requirements, making it very easy to open an account. When you open a checking account, SoFi will automatically open a savings account in your name, which earns an APY of up to 3.60%. SoFi also offers a bonus when new customers set up a direct deposit and receive a certain amount of deposits over a 25-day period.
The checking balance earns a relatively low 0.50% APY with direct deposit, but like Capital One, the account is easy to use and has one of the best checking accounts available. However, to get the highest APY on your savings balance, you must meet criteria such as directly depositing your paycheck into the account or making a large amount of other deposit types each month.
SoFi uses the Allpoint network of ATMs,9 <p>We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees may be incurred when using out-of-network ATMs. SoFi’s ATM policies are subject to change at our discretion at any time.</p> which has over 55,000 locations worldwide. However, since SoFi doesn't have physical branches, making cash deposits can be more challenging.
Member FDIC.5 <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at <a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>
Pros
0.50% APY on your checking balance and up to 3.60% APY on your savings balance with direct deposit
Access to more than 55,000 fee-free ATMs worldwide
No monthly fees or minimum balance requirements
Cons
More challenging to make cash deposits
Must meet deposit requirements to get the highest savings APY
Must meet specific criteria for no-fee overdraft coverage10 <p>Overdraft Coverage is a feature automatically offered to SoFi Checking and Savings account holders who receive at least $1,000 or more in Eligible Direct Deposits within a rolling 31 calendar day period on a recurring basis. Eligible Direct Deposit is defined on the SoFi Bank Rate Sheet, available at <a href="https://www.sofi.com/legal/banking-rate-sheet">https://www.sofi.com/legal/banking-rate-sheet</a>. Members enrolled in Overdraft Coverage may be covered for up to $50 in negative balances on SoFi Bank debit card purchases only. Overdraft Coverage does not apply to P2P transfers, bill payments, checks, or other non-debit card transactions. Members with a prior history of unpaid negative balances are not eligible for Overdraft Coverage. Eligibility for Overdraft Coverage is determined by SoFi Bank in its sole discretion. Members can check their enrollment status, if eligible, at any time by logging into their account through the SoFi app or on the SoFi website.</p>
Axos Rewards Checking provides up to a 3.30% APY. However, to get the full amount, you'll need to meet several requirements, including making at least 10 monthly transactions with the account's debit card, receiving monthly direct deposits of at least $1,500, and having at least a $2,500 average daily balance in an Axos investment account, among others.
However, my favorite Axos feature is that it will reimburse all domestic ATM fees. If you already have an investment account or loan through Axos, using the Rewards Checking account may be a good option, especially if you frequently use ATMs.
Pros
Up to a 3.30% checking APY if you meet all the requirements
The Consumer Credit Union Rewards Checking account earns up to a 5.00% (as of 09/22/25) APY. However, you have to jump through a few hoops to get the best APY:
You'll need to make at least 12 monthly debit card purchases, have at least $500 in monthly direct deposits, sign up for eDocuments, and maintain an account balance under $10,000.
And you must open a CCU Visa and spend $1,000 per month on the CCU Visa.
Consumers Credit Union requires a minimum account opening balance of $5, but it doesn't have an ongoing minimum balance requirement.
Although anyone can open an account, CCU has branches only in northern Illinois. You can join by making a one-time $5 donation and keeping a $5 minimum balance in your Membership Share/Savings account. It has over 30,000 fee-free ATMs nationwide and will refund other banks' ATM fees as long as you meet its Rewards Checking requirements.
Pros
Up to a 5.00% (as of 09/22/25) checking APY if you meet the requirements
Offers rebates for ATM fees charged by other banks
No monthly service fees
Cons
Must open a CCU Visa credit card to get the highest APYs
Has branches only in northern Illinois
Connexus Credit Union Xtraordinary Checking
Great for high account balances
Product details
APY: Up to 5.00% (as of 10/24/25)
Minimum balance for APY: $0
Monthly service fee: $0
Connexus Credit Union has physical branches in Wisconsin, Minnesota, and Illinois. But anyone can join, and it has partnerships with other credit unions around the country. You may have to make a one-time $5 donation to join if you don't meet the other eligibility requirements.
I like the Xtraordinary Checking account because it offers up to a 5.00% (as of 10/24/25) APY on balances of up to $25,000, the highest rate on our list.
To earn the full 5.00% (as of 10/24/25) APY, you'll need to subscribe to eStatements, receive a monthly direct or ACH deposit of at least $500, and either make 15 debit card purchases or spend $500 on your debit card each month. If you can't meet these requirements in a particular month, you won't earn any interest.
There's no minimum balance to open an account or earn the 5.00% (as of 10/24/25) APY, as long as you meet the criteria. Connexus uses the MoneyPass ATM network, and it offers $15 in monthly rebates for out-of-network ATM surcharges if you meet the account requirements above.
Pros
5.00% (as of 10/24/25) APY on checking balances of up to $25,000 if you meet the requirements
Reimburses up to $15 in ATM fees per month
No minimum balance requirements or monthly fees
Cons
A Connexus savings account offers only a 0.02% (as of 10/24/25) APY
Has physical branches only in Wisconsin, Minnesota, and Illinois
Credit Union 1 High-Yield Checking
Great for high APY on checking and savings
Product details
APY: Up to 4.75% (as of 9/24/25)
Minimum balance for APY: $0
Monthly service fee: $0
Credit Union 1 has branches in Illinois, Indiana, Florida, Georgia, Michigan, Nevada, and Wisconsin. However, anyone can sign up for an online account if they make a $5 donation or meet other criteria.
This high-yield checking account earns a 4.75% (as of 9/24/25) APY on balances as high as $10,000. You have to meet specific requirements to earn the highest APY, including enrolling in eStatements, using digital banking, making at least 15 debit card purchases or bill payments per month, and depositing at least $1,000 each month.
Credit Union 1 doesn't have a minimum balance requirement or monthly maintenance fees. It also gives you access to over 90,000 fee-free ATMs through the Allpoint and CO-OP networks.
What I like most about Credit Union 1 is that, unlike other credit unions that offer only minimal interest on their savings accounts, Credit Union 1's savings account earns up to a 2.00% (as of 9/24/25) APY, which makes it a good partner to the high-interest checking account.
Pros
Up to a 4.75% (as of 9/24/25) APY on checking if you meet the requirements
No minimum balance requirements
More than 90,000 ATMs through the AllPoint and CO-OP networks
Cons
Very low APY on checking balances over $10,000
Doesn't reimburse out-of-network ATM fees
Has branches in only seven states
How to choose the right high-interest checking account
While there are multiple high-interest checking accounts to choose from, finding the right one can take some work. As you search for a new checking account, pay attention to these features:
Minimum deposit requirements for opening the account and getting the best APY
Minimum balance requirements to waive monthly fees or receive the best APY
Account interest rates and requirements, like the number of transactions, direct deposit requirements, or the need to sign up for electronic statements
Account fees, like overdraft, returned check, or incoming/outgoing wire charges
ATM and branch access, especially if you prefer visiting a physical bank location
Deposit and withdrawal options, including cash
Deposit insurance through the FDIC for banks and the NCUA for credit unions
Membership fees or requirements, especially if you're using a local credit union
Alternatives to high-interest checking accounts
If you're keeping a high balance in your checking account, you may want to consider keeping some of those funds in a high-yield savings account (HYSA). These accounts are also great to open if you have a specific savings goal in mind, such as an upcoming vacation.
4.3
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Our partners do not influence our ratings.
Enjoy $300 as a new Chase checking customer
When you open a new Chase Total Checking® account with qualifying activities.11 <p>Offer not available to existing Chase checking customers, or those whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years. You can receive only one new checking account opening related bonus every two years from the last coupon enrollment date and only one bonus per account. Coupon is good for one-time use. To receive the bonus: 1) Open a new Chase Total Checking account, which is subject to approval; AND 2) Have your direct deposits totaling $500 or more made to this account within 90 days of coupon enrollment. Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. Person to Person payments (such as Zelle®) are not considered a direct deposit. Micro-deposits do not qualify as a direct deposit for the bonus. Micro-deposits are small deposits, typically less than $1, that are sent to your account to verify it is the correct account. After you have completed all the above requirements, we'll deposit the bonus in your new account within 15 days. To receive this bonus, the enrolled account must not be closed or restricted at the time of payout. Eligibility may be limited based on account ownership. Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable). Offer availability subject to change. Other Chase checking bonus offers may exist concurrently.</p> FDIC Insured. Offer valid through 1/21/2026.
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Our partners do not influence our ratings.
2025 award winnerBest Checking and Savings Combo
SoFi Checking & Savings - Earn Up to $300 When You Set Up Direct Deposit
Limited-Time Offer: Earn a $50 or $300 bonus and up to 4.30% APY on Savings (3.60% APY1 <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at<a href="http://www.sofi.com/legal/banking-rate-sheet" >http://www.sofi.com/legal/banking-rate-sheet</a>.</p> with +0.70% APY Boost) for 6 Months on new accounts with eligible direct deposit. Terms Apply.2 <p>Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Open a new SoFi Checking and Savings account and pay the $10 SoFi Plus subscription every 30 days OR receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 1/31/26. Rates variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member FDIC.</p> FDIC Insured.5 <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at <a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>
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Our partners do not influence our ratings.
Use Cash App As Your All-in-One Financial Services Platform
Bank12 <p>Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Savings provided by Cash App, a Block, Inc. brand.</p><p class="">Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Direct Deposit provided by Cash App, a Block, Inc. brand.</p> without all the fees—save, send, and spend your money the way you want.13 <p class="">Your balance is eligible for FDIC pass-through insurance through our Program Banks Wells Fargo Bank, N.A. and/or Sutton Bank, Members FDIC for up to $250,000 per customer when aggregated with all other deposits held in the same legal capacity at each Program Bank above, if certain conditions are met. Cash App is a financial services platform, and not an FDIC-insured bank. Prepaid debit cards issued by Sutton Bank, Member FDIC. See <a href="https://cash.app/legal/us/en-us/card-agreement">terms and conditions</a>. </p> Get paid up to 2 days early – up to 2 days earlier than most banks14 <p>Your first deposit may take longer depending on your employer.</p>
Consumers Credit Union and Connexus Credit Union are both currently offering up to a 5.00% APY on their respective checking accounts. However, you must meet the account requirements for each and stay below the maximum balance to get the highest APY.
Are high-yield checking accounts worth it?
A high-yield checking account can be worth using, especially if you prefer to keep a larger balance in your checking account rather than in savings. However, many banks set a maximum balance and often have rigorous requirements to get the full APY, so be sure to read the account disclosures and fee schedule.
Can I lose money in a high-interest checking account?
It's unlikely that you'll lose any money that you deposit into a high-interest checking account as long as the financial institution is a member of the FDIC or NCUA. However, some accounts charge fees that could eat into your account balance and cause you to lose money.
Bottom line
Finding the best high-yield checking accounts can take some work, but it's worth it in the long run. As you search for a new bank or credit union, pay attention to the requirements needed to get the highest APY, along with any other account features.
While researching checking accounts may not be fun, finding the best checking account to fit your lifestyle can help you make the most of your money.
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
2025 award winnerBest Checking and Savings Combo
High APY of up to 4.30% on Savings (3.60% APY1 <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at<a href="http://www.sofi.com/legal/banking-rate-sheet" >http://www.sofi.com/legal/banking-rate-sheet</a>.</p> with +0.70% APY Boost) for 6 Months on new accounts with eligible direct deposit. Terms Apply.2 <p>Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Open a new SoFi Checking and Savings account and pay the $10 SoFi Plus subscription every 30 days OR receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 1/31/26. Rates variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member FDIC.</p>
Paycheck access up to 2 days early with direct deposit4 <p>Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.</p>
No monthly maintenance or overdraft fees3 <p>We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a></p>
Streamlined savings and savings goals with Vaults
Access to a large ATM network9 <p>We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees may be incurred when using out-of-network ATMs. SoFi’s ATM policies are subject to change at our discretion at any time.</p>
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