Best Rewards Checking Accounts [2026]: 6 Outstanding Options
Rewards checking accounts earn cash back, interest, or both, so you can earn rewards on more of your banking. These accounts offer a little extra with your spending.
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Traditional checking accounts are convenient. They offer a simple way to receive, store, and spend your money. But what if you could sweeten the pot and earn a little extra through your checking account? With rewards and cash back checking accounts, you can.
Rewards checking accounts earn cash back and/or interest through your checking account, much like you could with a credit card or savings account, respectively. They vary in their terms, features, and earning potential, but they all tend to be more rewarding than the average bank account. If you're considering upgrading to this type of account, and we think you should, make sure you look at cashback rates, fees, ATM access, and any interest rates offered before deciding.
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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 3.30% 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 3.30% 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 12/23/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at http://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 4.00% 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 3.30% 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 3.30% 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 12/23/25. 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 to up to 4.00% for up to 6 months on new accounts. Terms apply.2 <p>Earn up to 4.00% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.30% APY as of 12/23/25) 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>
Up to 3.30% APY6 <p>Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 12/23/25. 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> on savings balances with qualified direct deposit
0.50% APY on checking balances6 <p>Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 12/23/25. 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>
2% cash back on convenience and drug stores, gas stations, monthly subscriptions and utilities (maximum $500 in 2% rewards per calendar year) with monthly $1,000 direct deposit8 <p>Rewards Checking Plus customers who set up monthly direct deposits of $1,000 or more earn 2% cash back on common everyday expenses at convenience stores, drugstores, restaurants and bars - including deliveries - and gas stations, as well as recurring payments on utilities and monthly subscriptions including phone, cable, TV and other streaming services, and 1% cash back on all other debit card purchases. 2% cash back is limited to $500 in rewards per calendar year; after $500, customers earn 1% cash back on all eligible debit card purchases for the remainder of the year. Rewards Checking Plus accounts with less than $1,000 in monthly direct deposits 60 days after account opening will earn 1% cash back on common everyday expenses and 0.50% cash back on all other eligible debit card purchases. Some limitations apply. Please refer to the applicable Upgrade VISA® Debit Card Agreement and Disclosures for more information.</p>
Unlimited 1% cash back on all other eligible debit purchases
1.00% cash back on up to $3,000 in debit card purchases each month9 <p>Earn 1% cash back on up to $3,000 in debit card purchases each month. See Deposit Account Agreement for details on transaction eligibility, limitations and terms. Deposit Account Agreement can be found at <a href="https://www.discover.com/content/dam/dfs/online-banking/documents/NationalDepositAccountAgreement.pdf">https://www.discover.com/content/dam/dfs/online-banking/documents/NationalDepositAccountAgreement.pdf</a>.</p>
*Details about Discover® Cashback Debit have been collected by FinanceBuzz editors. This information is accurate as of the date of the review and was not reviewed or approved by the issuer. FinanceBuzz does not receive commission for this product.
SoFi Checking and Savings
Great for saving more
AWARD WINNERBest Checking and Savings Combo
5.0
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SoFi Checking and Savings
Earn Up to $300 When You Set Up Direct Deposit
Limited-Time Offer: Earn a $50 or $300 bonus with eligible direct deposit and up to 4.00% APY on Savings (3.30% 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 3.30% 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 3.30% 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 12/23/25. 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 up to 6 Months on new accounts. Terms Apply.2 <p>Earn up to 4.00% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.30% APY as of 12/23/25) 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>
APY: Earn up to 3.30% APY on savings balances with qualified direct deposit and 0.50% APY on checking balances
Cash back: Doesn't earn cash back on debit card purchases
If you're looking for a rewards checking account, odds are good that you're probably trying to save more. And for doing both, SoFi Checking and Savings is tough to beat. This hybrid account, which combines checking and savings features into one interest-bearing account, offers some of the highest rates available on both checking and savings balances. It's also one of the best savings account options with ATM access10 <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> , and has no monthly maintenance fees and few banking fees, so you won't throw your money away on unnecessary charges.3 <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>
And unlike if you were to earn interest on your balance with a standalone rewards checking account, such as the Wealthfront Cash Account, you don't have to then transfer your cash over to a savings account to maximize your earnings. You can keep it all in one place with SoFi®, which makes your life easier and probably means you can save more, since you won't have to remember to send your money to a high-yield savings account once your balance reaches a certain amount.
One of the main caveats with this account is the direct deposit requirement.6 <p>Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 12/23/25. 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> To qualify for the best rates, you have to link your direct deposit.
SoFi Bank, N.A. is a Member, FDIC5 <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
Fee-free access to more than 55,000 ATMs10 <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>
Allows cash deposits
No-fee overdraft coverage up to $50 when you have at least $1,000 in eligible direct deposits per rolling 31 calendar days11 <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>
Cons
Qualified direct deposit required to earn highest APYs
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Wealthfront Cash Account
Wealthfront Cash Account - 3.50% APY7 <p>Rate is current as of 11/07/2025.</p>
High Yield Cash Management Account. $1 minimum deposit. FDIC Insured.
APY: Earn 3.50% annual percentage yield (APY) on deposits
Cash back: N/A
Editor's note
This isn't technically a rewards checking account but a rewards cash management account. And Wealthfront isn't exactly a bank, either — it's an investment management service that deposits your money with partner banks.
The Wealthfront Cash Account functions as a place to park money you don't want to invest in a volatile market. It's more akin to a high-yield savings account than a checking account, but it comes with a debit card, bill pay, direct deposit, and checking features, as well as ATM access like a standard checking account.
It has a notably high APY of 3.50%7 <p>Rate is current as of 11/07/2025.</p> , though that is subject to change, as Wealthfront's rate tracks the federal funds rate. This APY makes the Wealthfront Cash Account a worthwhile consideration for anyone interested in a rewards-like setup who's not sure they'll do enough debit card spending to make a cashback checking account worthwhile.
Essentially, all you have to do is let your money sit in the account and it will earn an impressive return, similar to earning cashback rewards. But if you need to use that cash, you can access it easily via ATM, check, or your Wealthfront Visa Debit Card.
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Our partners do not influence our ratings.
Max-Rate Checking - 2.00% Annual Percentage Yield12 <p>As of 09/08/2025, the Annual Percentage Yield (APY) of the Max-Rate Checking Account is 2.00%. Your interest rate and APY may change at any time and fees may reduce earnings. Please visit <a href="http://etrade.com/ratesheet">etrade.com/ratesheet</a> for information regarding this account's current interest rate and corresponding APY.</p><br>
<p class="">The $15 monthly account fee can be waived when you maintain an average monthly balance of at least $5,000 in the account on or after the end of the second calendar month from opening the account.</p>
For a limited time, earn a cash bonus of $300.13 <p class="">To be eligible for this offer, you must apply promo code CHECKING25 at the time of account opening. This promo code is intended for single use only, is non-transferable, and is only valid for a new individual or joint Checking or Max-Rate Checking account. Not valid if you've had either account in the past 12 months. U.S. residents only. Only one account type eligible; if both are opened, Checking will be enrolled. Account must be funded within 30 days. To qualify, receive two Direct Deposits of $1,500+ each to your enrolled account within 90 days of opening. Direct Deposits must be recurring income via ACH (e.g., payroll, government benefits). Wires, checks, P2P, Zelle®, transfers, etc. are not eligible forms of direct deposit. Bonus paid ~120 days after account opening if requirements are met and account is in good standing. Offer cannot be combined, may be removed at any time, and other restrictions may apply.</p> No transaction fees. FDIC insured up to the applicable limits.14 <p>Deposits held in checking accounts are FDIC insured up to $250,000. <a href="https://www.fdic.gov/resources/deposit-insurance/financial-products-insured">Learn more</a>.</p> Waive the $15 monthly account fee when you maintain an average account balance of $5,000.
Cash back: Up to 2% cash back on convenience and drug stores, gas stations, monthly subscriptions, and utilities (maximum $500 in 2% rewards per calendar year) with monthly $1,000 direct deposit; unlimited 1% cash back on all other eligible debit purchases
What sets the Upgrade Rewards Checking Plus account apart from the others on this list is the opportunity to earn up to 2% cash back on debit card purchases. However, that elevated rate comes with some caveats.
For one, you can only earn that rate at certain merchants, namely drug/convenience stores, gas stations, monthly subscriptions, and utilities. Then, you only get that rate until you earn $500 worth of 2% cashback rewards; you won't be able to get that rate again until the next calendar year. And what's more, you're required to make a direct deposit of at least $1,000 monthly to get that elevated earn rate.
All that being said, it is a nice little extra bump, and you don't always see utilities and other recurring expenses included in rewards earning. You'll earn unlimited 1% cash back on all other eligible debit purchases otherwise, so that puts this account largely in line with many others on this list. The 2% cash back gives it just a slight advantage for those who know they'll spend at least $25,000 in the account's bonus categories.
Pros
Higher cashback rate than most rewards checking accounts
Get early access to paychecks with direct deposit
Decent ATM network with fee-free withdrawals at 55,000+ locations
Cons
Required minimum monthly direct deposit to qualify for elevated cashback rate
2% elevated cashback rate cuts off after $500 in spending each year
Cash back: Earn 1.00% cash back on up to $3,000 in debit card purchases each month
This rewards checking account from Discover is about as clear-cut as they come. Earn a set 1.00% cash back on your debit purchases every month, up to $3,000 in spending. If you can't get or don't want to use a cash back credit card, this account's cashback rate gets you close to what you'd earn with one.
The Discover Cashback Debit account may be a good fit if you know you'll use your debit card for $3,000 worth of spending every month, though not much more than that as you'll stop earning cash back once you reach that threshold. At that point, it might be wise to start spending on a different rewards-earning card.
Beyond a handful of corporate offices and customer care centers, Discover has just one physical branch location (in Delaware). So, if you value face-to-face interaction or like to make deposits with a teller, this isn't the account for you. However, you will have access to more than 60,000 ATMs that won't require you to pay a fee to withdraw cash. This option also made our list of bank accounts with no credit check required to open, in case you're working on your credit and looking to avoid this.
Pros
Consistent cashback rate on debit card purchases
FDIC insured
Fee-free access to 60,000+ ATMs
Cons
Cashback rewards limited to first $3,000 in debit card purchases monthly
Cash Back: Earn unlimited 1% cash back on qualifying purchases
APY: Earn 0% (as of 10/28/25) APY on balances between $0 and $2,499.99 and up to 1.00% (as of 10/29/25) on balances $2,500 and above
LevelUp, LendingClub's rewards checking account, is an interesting prospect because it earns both cash back on spending and an APY on your account balance. Granted, at up to 1.00% (as of 10/29/25), the APY isn't terribly impressive. The federal rate sits at 0.39% (as of 12/15/25).
Even then, to get that maximum APY you need to have at least $2,500 in your account. If you have between $0 and $2,499.99, you'll earn 0% (as of 10/28/25) APY. But any interest is good interest, so if you plan on keeping enough in your account to meet that minimum APY threshold, that little extra earning on top of the account's unlimited 1% cash back on eligible debit card purchases could make this account the right choice for you.
Another feature that really sets this account apart is its unlimited rebates on ATM fees. If you plan to withdraw cash from ATMs with frequency, you'll save a lot in fees and consequently have a great deal of flexibility in ATM access with this account.
Pros
Earn up to 1.00% (as of 10/29/25) on balances of $2,500 and greater
Unlimited ATM fee rebates
No overdraft fees
Cons
Threshold for earning APY
APY rate isn't comparable to other interest-bearing checking accounts
Cash back: 1% cash back on all eligible debit card purchases; $50 cash back limit per statement cycle (from qualifying purchases)
With Quontic, we've got another 1% cashback rewards checking account. The low $100 minimum opening deposit makes the Quontic Cash Rewards Checking account readily accessible — just open online through Quontic's site, and you'll be on your way.
Cashback rewards for debit card spending are deposited into your account at the start of each statement cycle but are limited to $50 per cycle. That means you won't earn rewards on any spending above $5,000 in a given statement cycle.
There's not much else to write home about when it comes to this account, but you will have fee-free access to 90,000 ATMs with many located in popular retailers like Target, Walgreens, CVS, and Kroger.
Pros
Earn 1% cash back on qualifying debit card purchases
Minimum $100 deposit to open account
Expansive fee-free ATM network of 90,000 locations
Cons
Doesn't earn interest on deposits, unlike Quontic's High Interest Checking account
$50 monthly limit on cashback earnings
No physical branch locations beyond loan production offices
Choosing a rewards checking account might seem tough given how little distinguishes one account from another.
First and foremost, decide if a rewards checking account is even the right type of rewards-earning approach for your spending habits. If you've already put a lot of effort into earning credit card rewards and intend to continue doing so, there may not be much of a point to opening a rewards checking account over a different type of checking account — potentially one that earns an APY instead.
If you decide that, yes, you do want to earn rewards on your checking account activity, then decide which checking product has terms that will align with your rewards goals. For example, if you're a frequent debit card user, choose an account offering a cashback rate that will optimize your money-spent to rewards-earned ratio. Get as high a rate as you can find on the type and amount of spending you know you'll be doing on a regular basis. If you're an avid traveler, some banking options allow you to earn travel rewards. And if you bank with a partner, you'll want to look into the best joint bank accounts to share the rewards.
If you don't like doing your shopping with a debit card — perhaps because you're racking up those credit card points I mentioned — it may be a better call to choose a checking account that earns interest (APY) on your account balance rather than your spending.
Tip
Check out the best free checking accounts for some of our favorite no-fee options, including rewards checking picks.
Featured rewards checking accounts
5.0
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Our partners do not influence our ratings.
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 with eligible direct deposit and up to 4.00% APY on Savings (3.30% 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 3.30% 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 3.30% 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 12/23/25. 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 up to 6 Months on new accounts. Terms Apply.2 <p>Earn up to 4.00% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.30% APY as of 12/23/25) 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.
AWARD WINNERBest for Large Deposits
Wealthfront Cash Account - 3.50% APY7 <p>Rate is current as of 11/07/2025.</p>
High Yield Cash Management Account. $1 minimum deposit. FDIC Insured.
Rewards aren't limited to credit cards. Setting yourself up with a way to earn on your checking account — whether through cash back or interest — can be a nice way to pad your pockets with minimal effort on your part beyond doing a little spending. Heck, with an interest-earning account, you can just let your money sit.
But whether you would benefit from a rewards checking account depends on how you use your checking. If you're a frequent debit card user, go for it. That cash back is yours for the taking. If you prefer to spend on credit, you might get less value from your rewards checking account, so consider an interest-bearing checking account with a good rate instead. For more accounts we recommend from top-rated institutions, check out the best bank accounts.
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.
AWARD WINNERBest Checking and Savings Combo
High APY of up to 4.00% on Savings (3.30% 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 3.30% 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 3.30% 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 12/23/25. 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 up to 6 Months on new accounts. Terms Apply.2 <p>Earn up to 4.00% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.30% APY as of 12/23/25) 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 network10 <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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