JOURNAL ARTICLE

SoFi® Bank, N.A. Review 2025: Digital Banking, High Yields.

  • Published In: Fortune.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Flanagan, Glen Luke 3 of 3

Abstract

The article focuses on SoFi, an online bank offering competitive annual percentage yields (APY) on its checking and savings accounts, making it a suitable option for consumers looking to earn interest on liquid funds. SoFi provides a high-yield savings account with an APY of up to 3.60% for customers who meet direct deposit requirements, while its checking account offers a 0.50% APY. The bank operates without physical branches, catering primarily to tech-savvy individuals comfortable with digital banking. However, it may not be ideal for those who do not receive regular direct deposits or prefer traditional banking services. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2025/12, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:189830202
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