American Express Bank Review 2025: Rewarding account options, but with a catch
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American Express Bank Review 2025: Rewarding account options, but with a catch
Key Takeaways
American Express offers some of the best checking, savings, and CD options on the market.
However, the bank lacks common banking products such as mortgages, auto loans, and retirement accounts.
You can only qualify for Amex’s checking account if you’re already a cardholder with the bank.
For good reason, American Express is one of our top picks for the best online banks operating today. It offers checking and savings accounts with valuable features, rewards credit cards that are very nearly a household name, very competitive CD rates, and more.
Most of what you’re looking for in a bank Amex fulfills. But as you’ll see, it’s also got some noteworthy blind spots. Here’s everything you need to know about banking with American Express.
Rates are current as of Nov. 17, 2025, and are subject to change.
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The best savings account rates from our partners for December 12, 2025
Account Type Savings & MMAs
Savings & MMAs
MMAs Only
Savings Only
ZIP Code Deposit Amount $FEATURED OFFERSAPYMIN. BALANCE FOR APYEST. EARNINGSLoading...
3.40 %
December 12, 2025
$ 0$ 850
Over 1 Year
Savings AccountCapital OneMember FDICPromoted OfferOpen a 360 Performance Savings account and grow your money today.OPEN ACCOUNTOFFER DETAILS
QUICK LOOK Capital One Bank is among the 10 largest U.S. banks by assets. While it offers branches in seven Eastern and two Southern states, customers can access accounts online from just about anywhere. The bank offers high rates on its savings and CD accounts, and a free checking account that pays interest. There are no balance minimums or monthly fees, and you won’t need to worry about overdraft fees either.
READ BANK REVIEW
3.75 %
December 12, 2025
$ 100$ 938
Over 1 Year
Savings AccountCIT BankMember FDICPromoted Offer Earn up to $300 cash bonus with minimum deposit. Terms apply.OPEN ACCOUNTOFFER DETAILS
QUICK LOOK CIT Bank is an online institution that offers competitive annual percentage yields (APYs) on its Savings Connect savings account. It also offers a checking account, a money market account and CDs. CIT Bank offers a competitive yield with its Savings Connect account. It also offers an assortment of CDs to choose from. But some of these CDs, such as the one-year term, weren’t paying a competitive yield during Bankrate’s review.
READ BANK REVIEW
3.65 %
December 12, 2025
$ 0$ 912
Over 1 Year
Savings AccountMarcus by Goldman SachsMember FDICPromoted OfferBacked by the financial expertise of Goldman Sachs.OPEN ACCOUNTOFFER DETAILS
QUICK LOOK Marcus by Goldman Sachs is an online bank that rewards savers with higher-than-average rates and few fees. Plus, its accounts have low or no minimum deposit requirements. But while it’s easy to move your money in and out of your accounts via electronic transfer to another account you own, you won’t be able to deposit or withdraw cash.
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American Express at a glance
American Express
Checking account
Earn rewards on eligible debit purchases
Savings account
Earn 3.40% APY
View offer
at MoneyLion
Company insights
Year Founded: 1850
Company Headquarters: New York City, NY
CEO: Stephen Squeri
Fortune Rankings
#58on the 2025 Fortune 500 list
#4on Fortune’s 2025 100 Best Companies to Work For list
#31on Fortune’s 2025 America’s Most Innovative Companies list
#5on Fortune’s 2024 100 Best Large Workplaces for Women list
#5on Fortune’s 2024 100 Best Large Workplaces for Parents list
#10on Fortune’s 2025 World’s Most Admired Companies list
N/A
Pros
Top-tier customer service
Rewards-earning debit card
Excellent preapproval practices
Cons
Limited selection of most banking products
No physical branches
No money market account (MMA) options
Who is American Express good for?
American Express is ideal if you prefer (or at least don’t mind) doing all your banking electronically, as Amex is fully online. Its limited but powerful account options also make it great for those who want simplicity.
Banking with American Express is also good for those who hold an Amex credit card. That’s because some services are only available to eligible cardholders (think checking accounts and personal loans).
Who shouldn’t use American Express?
On the flip side, you shouldn’t bank with American Express if you prefer to do your banking in-person. American Express has no brick-and-mortar locations. You also won’t find use for American Express if you’re looking for a mortgage or auto loan, as it doesn’t offer either.
American Express rates and products
American Express offers most types of banking products (checking, savings, CD, etc.), but generally just an option or two for each category. You’ll trade selection for simplicity.
American Express product
Top APY
Rewards Checking account
1%
High-yield savings account
3.40%
CDs
4.00%
Rewards Checking account
Top APY
1%
High-yield savings account
Top APY
3.40%
CDs
Top APY
4.00%
Bank details reviewed Nov. 17, 2025
Checking account
Amex offers two checking accounts: “Rewards Checking” for personal use and “Business Checking” for business owners. They offer a comparatively high interest rate, and you’ll even earn travel rewards from swiping your debit card. That’s a rarity you shouldn’t ignore if your daily driver is a debit card instead of a credit card.
American Express checking account features
Minimum opening deposit
$0
Monthly fees
$0
Top APY
– Personal: 1% – Business: 1.30%
Debit card rewards
1 American Express Membership Rewards® point per $2 spent
Bank details reviewed Nov. 17, 2025
Rewards Checking
Monthly service fee:$0
APY: 1%
Wire transfer fee: $20
Money order: N/A
Overdraft fee:N/A (payment will decline)
International ATM withdrawal fee:2.7%
Business Checking
Account opening bonus:Public offer of up to 30,000 American Express Membership Rewards? points with qualifying activities.
Monthly service fee:$0
APY: 1.30% (on balances up to $500,000 )
Wire transfer fee: $25
Money order: N/A
Overdraft fee:N/A (payment will decline)
International ATM withdrawal fee:2.7%
Some competing banks may offer several specialized checking account options for demographics such as college students, high schoolers, even children.
American Express focuses on a single straightforward option for both personal and business customers, both of which are nearly identical — the main difference being a publicly available welcome bonus and business tools that come with the Business Checking account.
SponsoredAdvertiser DisclosureAdvertiser DisclosureMany of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all account options available. *APY (Annual Percentage Yield). Rates / Annual Percentage Yield terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit unions are member FDIC or NCUA. Contact the financial institution for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.Compare Personal Finance Options for 2021 Select all products of interest and compare:Product DescriptionsProduct DescriptionsChecking A transactional account that allows for numerous withdrawals and unlimited deposits. Money can be accessed via checks, ATMs, or debit card among other methods. Savings A bank account that keeps your money safe and secure, while paying you interest. MMA A Money Market Account is an interest-bearing deposit account at a bank or credit union that pays interest based on current rates in the money markets. CD A Certificate of Deposit features historically higher APYs, guaranteed returns & FDIC insurance. CDs are offered in fixed terms w/penalties for early withdrawals. 401K A 401k is a retirement-savings account that allows an employee to divert a portion of their salary into long-term investments and provides special tax benefits. Brokerage An investment account used by investors to buy and sell stocks, bonds, and mutual funds. Income from investments are taxed as capital gains. REIT A Real Estate Investment Trust owns and operates income-generating real estate. REITs allow investment in real estate without the need to own, operate, or finance properties. Robo Advisor A robo-advisor is an automated investing service that uses algorithms to provide financial advice and/or investment management help you manage your investment portfolio. Relatively inexpensive compared to a human financial advisor. Roth IRA An individual retirement account allows after-tax contributions of earned income below a certain level. Investment growth and future withdrawals are tax free. Traditional IRA An individual retirement account where you contribute pre-or after-tax dollars. Investment growth is tax-deferred until withdrawal. Financial Advisor Financial advisors help people manage their money and reach their financial goals. Annuity A financial contract with an insurance company where you make the investor makes a lump-sum payment or series of payments in exchange for regular disbursements in the future. Cash Management A cash account typically offered by nonbank financial institutions. CMAs combine features from traditional checking and savings accounts. Business Checking A business checking account is similar to a personal checking account, but allows you to separate your business and personal expenses. This can help you keep records organized and simplify your taxes. Checking AccountsSavings AccountsCertificates of DepositRetirement AccountsReal Estate InvestmentInvestment AccountsAnnuityVIEW AllBusiness CheckingVIEW LESSPlease select one or more products to compare1 ResultsProduct DescriptionsTop Pick
SoFi® : Checking and Savings AccountMember FDICDisclosureDisclosure1. Up to $300 Bonus Tiered: 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 receiveda 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 at http://www.sofi.com/legal/banking-rate-sheet. 2. APY: Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 1/24/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at http://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 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 Bank Fee Sheet for details at sofi.com/legal/banking-fees/. 4. 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 scheduledpayment 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 http://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. 0.70% Savings APY Boost: 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 sofi.com/banking#2 SoFi Bank, N.A. Member FDIC.VIEW DETAILS on SoFi®'s website Annual Percentage Yield 0.50% as of 12/12/2025Monthly Fees$0.00Min Deposit to Earn APY$0.00Member FDICDisclosureDisclosure1. Up to $300 Bonus Tiered: 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 receiveda 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 at http://www.sofi.com/legal/banking-rate-sheet. 2. APY: Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 1/24/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at http://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 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 Bank Fee Sheet for details at sofi.com/legal/banking-fees/. 4. 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 scheduledpayment 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 http://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. 0.70% Savings APY Boost: 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 sofi.com/banking#2 SoFi Bank, N.A. Member FDIC.VIEW DETAILS on SoFi®'s website Additional Features
Sign up and earn $50 or $300 with eligible direct deposit.
55,000+ fee-free ATMs within the Allpoint® Network.
Up to 2-day-early paycheck with direct deposit.
Earn 0.50% APY.
+0.70% Boost on Savings APY to up to 4.30% for up to 6 months on new accounts with eligible Direct Deposit. Terms apply.
Additional Features
Sign up and earn $50 or $300 with eligible direct deposit.
55,000+ fee-free ATMs within the Allpoint® Network.
Up to 2-day-early paycheck with direct deposit.
Earn 0.50% APY.
+0.70% Boost on Savings APY to up to 4.30% for up to 6 months on new accounts with eligible Direct Deposit. Terms apply.
American Express features just one savings account — a high-yield savings account with no monthly fees and generous APY that compounds daily. There’s no minimum deposit required to open this account, either.
American Express savings account features
Minimum opening deposit
$0
Monthly fees
$0
APY
3.40%
Bank details reviewed Nov. 17, 2025
CDs
Amex offers certificates of deposit with nine term lengths — each of which comes with a unique APY. You won’t find a particularly quick maturing CD; the shortest is 11 months, and the longest is 60 months.
Withdrawing your money before it matures will incur a penalty between three and 18 months’ worth of interest, depending on the term length of your CD.
American Express CD features
Minimum opening deposit
$0
Monthly fees
$0
Top APY
4.00%
Term lengths
11-60 months
Payouts
Monthly, quarterly, annually, or at term
Early withdrawal penalty
90-540 days’ worth of interest
Bank details reviewed Nov. 17, 2025
American Express CD rates
Amex holds its own with the best CD rates on the market, offering a minimum of 3.25% and a maximum of 4.00%.
American Express CD Term
APY
11 months
3.50%
12 months
3.25%
14 months
4.00%
18 months
3.60%
22 months
3.75%
24 months
3.60%
36 months
3.35%
48 months
3.35%
60 months
3.50%
11 months
APY
3.50%
12 months
APY
3.25%
14 months
APY
4.00%
18 months
APY
3.60%
22 months
APY
3.75%
24 months
APY
3.60%
36 months
APY
3.35%
48 months
APY
3.35%
60 months
APY
3.50%
Bank details reviewed Nov. 17, 2025
You can receive an interest payout monthly, quarterly, or yearly. Of course, you can also wait until your account matures.
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Best CD Rates for December 12, 2025
ZIP Code Deposit Amount $Min. Term Length 6 months
1 months
6 months
1 year
18 months
2 years
3 years
Max. Term Length 3 years
6 months
1 year
18 months
2 years
3 years
4 years
5 years
6 years
FEATURED OFFERSAPYTERMMIN. DEPOSITEST. EARNINGSLoading...
4.25 %
December 12, 2025
2yr$ 1000$ 1063
Over 1 Year
2 years cd AccountUnited Fidelity BankMember FDIC
QUICK LOOK
4.20 %
December 9, 2025
6mo$ 1000$ 1050
Over 1 Year
6 Mo CD cd AccountLimelightBankMember FDICOFFER DETAILS
QUICK LOOK Limelight Bank is the online division of Capital Community Bank. It offers competitive yields on CDs, but it doesn’t offer any other types of bank accounts.
READ BANK REVIEW
4.15 %
December 12, 2025
18mo$ 1000$ 1038
Over 1 Year
18 months cd AccountUnited Fidelity BankMember FDIC
QUICK LOOK
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Other services American Express offers
As noted earlier, Amex is somewhat limited in the types of services it offers. Beyond the above checking, savings, and CD accounts, you can also open:
Credit and no-preset-spending-limit cards:American Express issues more cards than perhaps any other bank. It offers a selection of well-regarded travel rewards and cash-back cards. It also supplies a wide selection of small business credit cards.
Personal loans:If you’ve got an American Express card, you may be eligible to open a personal loan of up to $50,000. Amex may target you for a loan and let you know if you’re likely to qualify for it before you formally submit an application (potentially saving you from a wasted hard credit inquiry were you to be denied).
Business lines of credit:As a business owner, you can potentially be approved for a line of credit up to $250,000 — though Amex specifies that only select customers will get more than $150,000.
Online banking
Remember, Amex operates entirely online. You can transfer funds, deposit paychecks, pay your bills, etc. from your computer. It’s very convenient for many, but some may still miss the perks of branch ubiquity that you’ll find with banks like Chase and Bank of America.
The American Express platform and customer support
American Express does many things well, and its customer service is known for being top notch. You’ll get 24/7 account support, and you can even instantly chat via your online account to resolve issues in a hurry, either on your computer or in-app. If you prefer the phone, you can find the appropriate number on this page (it depends on the account you need serviced).
Is American Express secure?
American Express is secure—offering the advanced fraud protections and data encryptions that you’d expect from a financial institution that handles hundreds of billions of dollars. You’ll also benefit from the $250,000 FDIC insurance per person in the event that the bank were to founder.
American Express user reviews
It’s often the case that users who take the time to write reviews are those who have had negative experiences. Thus, it’s not entirely surprising that the American Express Global page on Trustpilot shows 1.4 out of 5 stars with 4,780 reviews. However, you’ll find customers speaking highly of the bank on the popular forum site reddit, where one user in a post from 2024 described it as “the gold standard of customer service compared to its peers.”
Compares Amex to alternatives
If you’re not quite sure you’ll find what you want with Amex, two other popular online banks worth taking a look at are SoFi and Capital One.
American Express
SoFi® Member FDIC
Capital One
Top savings APY
Top savings APY
Top savings APY
3.40%
Get up to 3.60%.1 Get a 0.70% Boost on Savings APY to up to 4.30% for up to 6 months on new accounts with eligible Direct Deposit. Terms apply.2
3.50%
Savings account monthly fee
Savings account monthly fee
Savings account monthly fee
$0
$0
$0
Top checking APY
Top checking APY
Top checking APY
1% for personal account, 1.30% for business account
0.50%
0.10%
Checking account monthly fee
Checking account monthly fee
Checking account monthly fee
$0
$0
$0
Top CD APY
Top CD APY
Top CD APY
4.00% on a 14-month CD
N/A
3.50% on a 6-month CD
Learn more
Learn more
Learn more
View offer at MoneyLion
View offer at SoFi
View offer at MoneyLion
Terms apply. Bank details checked Nov. 17, 2025.
Learn more
Read our full roundup of Capital One CD rates.
Is American Express right for you?
If you currently hold an American Express card and you’ve got good credit, American Express can likely fulfill many of your banking needs. It doesn’t offer mortgages or auto loans, but it provides an interest-bearing rewards checking account and a competitive high-APY savings account, as well as simple personal loans that you can use for (nearly) anything.
If you’re looking for a more niche account, such as a retirement account, a secured credit card to rebuild your credit, or a bank account for your child, you’ll want to look elsewhere. Check out our post on the best online banks to see if there may be a better fit for your situation.
Frequently asked questions
Does American Express have a bank branch?
American Express has no bank branches. Members bank entirely online.
Is Amex an FDIC insured bank?
Amex is FDIC insured. You are protected up to $250,000 per account holder.
How do I contact American Express customer service?
You can contact American Express customer service in-app, through secured web chat within your online account, or by phone at 1-800-528-4800.
SoFi disclaimer
1:
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 https://www.sofi.com/legal/banking-rate-sheet
2: 0.70% Savings APY Boost
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 sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
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