Why do 15.8M members love SoFi? Bank, invest, and own crypto all in one app, now with SoFi Coach, your free AI-driven financial guide.
NEW! SOFI COACH: AI-DRIVEN FINANCIAL GUIDE
• Chat with Coach for personalized financial insights, powered by SoFi Financial Planners.
• AI-driven analysis of your spending, budget, credit score, debt, and investment portfolio.
ONLINE BANKING
• Open a bank account with no account, service, or maintenance fees and no minimum balance required.
• Mobile banking app to send money, transfer funds, pay bills, and manage your finances.
HIGH-YIELD SAVINGS ACCOUNT
• Savings Vaults help you organize your emergency fund and savings goals in one place.
• Instant transfers between checking and savings with no fees.
BUY, SELL & HOLD CRYPTO
• First national chartered bank where individuals can buy, sell, and hold cryptocurrency.
• Access Bitcoin, Ethereum, Solana, plus 25+ cryptocurrencies on a platform with the safeguards of a bank.
SOFI PLUS PREMIUM MEMBERSHIP
• 4.50% APY on up to $20,000 in savings with a SoFi Plus membership.¹
STOCK TRADING & INVESTING
• Trade stocks and ETFs through SoFi Securities to build your investment portfolio (other fees apply).
• Invest in fractional shares from $5, or explore index funds, ETFs, and options trading (restrictions apply).
• Automated investing, IRA and Roth IRA retirement accounts, and portfolio management through SoFi Wealth.
BUDGET APP & MONEY MANAGEMENT
• Budget app to track spending, set savings goals, and manage your finances from one place.
• Track expenses, monitor your net worth, and manage money across SoFi and linked accounts.
LOANS & CREDIT SCORE
• Personal loans and student loan refinancing for debt consolidation and large purchases. Pre-qualify in minutes without affecting your credit score.
• Credit score monitoring, credit report access, and credit-building tools.
For disclosures on SoFi Invest platforms visit SoFi.com/legal. For a full listing of the fees associated with SoFi Invest please view our fee schedule (https://www.sofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf).
When you open a SoFi Savings Account, SoFi Bank will also automatically open a SoFi Checking Account in your name. See the SoFi Bank Deposit Account Agreement for details.
We do not charge any account, service, or maintenance fees for SoFi Checking and Savings. We do charge transaction fees for outgoing wire transfers, Instant Transfers, and global remittance transfers. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/.
Estimated annual interest earnings are based on a $20,000 SoFi Bank savings account balance and assumes 3.10% APY, with interest compounded monthly and no additional deposits or withdrawals. It also assumes that you receive eligible direct deposit or $5,000 in qualifying deposits every 31 days for the entire 12 months. Rates are variable and subject to change, and actual interest earned may vary based on changes to your account balance and applicable APY. Interest earned on a traditional bank account based on a $20,000 savings balance and FDIC savings rate of 0.38%, referenced July 20, 2026.
This estimate is for informational purposes only and should not be relied on as a guarantee of future interest earnings. For your most current APY details, see the APY Details page in the SoFi mobile app. See also sofi.com/legal/banking-rate-sheet.
SoFi will match 1% of a customer's ACAT transfers, up to $5,000,000 into an existing or newly opened SoFi self-directed individual retirement account (IRA) or SoFi self-directed taxable account during the Offer Period of Sept 10- Sept 30, 2026. The transferred assets must be settled before the end of the Offer Period to qualify for the match and must be maintained in the account for five years. For the full terms and conditions, please visit SoFi.com/ACATterms.
