FDIC insured partnersYour Top High-Yield Account Matches
Compare our top picks below. Review the rates, offers, and features, then open a free online account in minutes.
- Our #1 Choice
SoFi Checking and Savings
Banking with SoFi® — SoFi Bank, N.A. Member FDIC
Earn up to 4.00% Annual Percentage Yield (APY) on savings with the 0.90% APY Boost⁸
- Up to 3.10% APY² with eligible direct deposit or $5,000 or more in qualifying deposits during the 31-day evaluation period
- +0.90% Boost on savings APY to up to 4.00% APY for up to 6 months on new accounts. Terms apply⁸
- Earn $50 or $400 when you sign up and set up eligible direct deposit¹
- No account fees. No overdraft fees. No minimum balance fees. No monthly fees³
- Your money is FDIC insured. Plus, access additional insurance up to $3M on deposits through a network of participating banks⁴
- 55,000+ fee-free ATMs within the Allpoint® Network⁵
- Get paid up to two days early with direct deposit⁶
- No-fee overdraft coverage up to $50 with direct deposit of at least $1,000⁷
Offer details & disclosures
- 1. $50 or $400 Bonus: 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 within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. 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 5/15/2026 and will be available through 12/31/26. See full bonus and annual percentage yield (APY) terms at sofi.com/banking/checking-offer/
- 2. APY: Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 5/28/26. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet
- 3. Fee Policy: 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/.
- 4. Additional FDIC Insurance: 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 SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.
- 5. ATM Access: 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.
- 6. Early Access to Direct Deposit Funds: 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.
- 7. Overdraft Coverage: 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 https://www.sofi.com/legal/banking-rate-sheet. 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.
- 8. 0.90% Savings APY Boost: Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.90% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#4. SoFi Bank, N.A. Member FDIC.
Chime
Get paid up to 2 days early with direct deposit
- No minimum balance fees
- Large fee-free ATM network nationwide
- No foreign transaction fees
- 24/7 live support
GO2Bank
Simple online account with a modern app
- $0 minimum balance to open
- Fee-free ATMs nationwide
- Instant transaction alerts
- Banking services provided by a Member FDIC institution
Before You Choose
What is a high-yield account?
A high-yield checking or savings account pays meaningfully more interest on your balance than a standard account, while keeping everyday access through transfers, debit cards, and online banking.
How do these accounts work?
You open the account online, link your existing bank, and move cash over. Deposits, transfers, and bill pay work the same way they do today — the difference is the rate your idle cash earns while it sits.
How should I pick one?
Compare monthly fees and balance requirements, ATM access, the mobile app experience, and the current APY. The best fit is the account you'll actually keep your cash in.