SoFi Checking & Savings Account: $400 Bonus & Boosted APY (May 2026)

I opened a SoFi Checking and Savings account (Member FDIC) about a year ago, and I haven't shut up about it since. It's safe, it's convenient, it's got a high annual percentage yield (APY) -- and right now, it's got the best welcome bonus I've seen yet.

Right now SoFi® has a great limited-time offer: Earn $50 or $400 and +0.70% Boost on Savings APY with direct deposit. Terms apply. That means instead of SoFi®'s current standard 3.30% APY, you could earn up to 4.00% APY for half a year.

Interested? Here's what to know about SoFi®'s current bonus, plus a few other favorites available now.

SoFi Checking and Savings (Member FDIC): Earn $50 or $400 and +0.70% Boost on Savings APY with direct deposit. Terms apply.

SoFi Checking and Savings

Member FDIC.

Limited-time offer:

Earn $50 or $400 and +0.70% Boost on Savings APY with direct deposit. Terms apply. Circle with letter I in it.

Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.30% APY as of 3/31/26) 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#2. SoFi Bank, N.A. Member FDIC.

APY

up to 4.00% Rate info Circle with letter I in it. Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.30% APY as of 3/31/26) 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#2. SoFi Bank, N.A. Member FDIC.

• Competitive APY on both Savings and Checking
• No monthly account fee
• Welcome bonus up to $400 (direct deposit required)
• ATM access
• Unlimited number of external transfers (up to daily transaction limits)
• FDIC insured (up to $3M with opt-in to SoFi Insured Deposit Program)
• Early access to direct deposits
• Tools to help you track savings goals

• Combo account only; no stand-alone savings or checking
• Maximum Savings APY requires direct deposit
• No branch access; online only
• Overdraft protection requires monthly direct deposit minimum

For those who plan to set up direct deposit with their new account, we think SoFi Checking and Savings (Member FDIC) is hard to beat. Not only does this savings account offer a strong APY, but the linked checking account earns an above-average rate, too -- which is a rare perk. Plus, new customers earn a bonus of $50 or $400 with eligible direct deposit. Frankly, it's the kind of combo that could make it worthwhile to switch banking relationships.

Open a SoFi Checking and Savings Account

Centier Bank High-Yield Savings Account from Raisin: Earn up to $1,500 with code FRESHSTART at sign-up

Centier Bank High-Yield Savings Account from Raisin

Member FDIC.

Limited-time Offer

NEW CUSTOMER BONUS: Earn up to $1,500 with code FRESHSTART at sign-up. Circle with letter I in it.

New customers: earn up to $1,500 in cash bonuses when you open a savings account through the Raisin platform with code FRESHSTART and make a qualifying deposit within 14 days of your first deposit. Bonuses are tiered: $70 for depositing between $10,000 and $24,499, $175 for depositing between $25,000 and $49,999, $350 for depositing between $50,000 and $99,999, and $750 for depositing between $100,000 and $199,999, and $1,500 for depositing $200,000 or more. To receive the bonus, deposits must be maintained for 90 days. Offer ends May 31, 2026.

• Competitive APY
• No monthly account fee
• FDIC insured
• Unlimited number of external transfers

• You can only transfer in and out via one linked external account
• No bank branch access
• All customer service goes through Raisin directly; you can't contact Centier Bank yourself

The Centier Bank High-Yield Savings Account through Raisin offers a competitive 3.95% APY, no fees, and a $1 minimum deposit, plus up to $1,500 in bonus cash for new customers using code FRESHSTART. Your deposits are FDIC-insured through a trusted 130-year-old community bank. If maximizing yield is your priority and you don't need branch access, it's a solid pick.

CIT Platinum Savings: Earn up to 4.10% APY with promo code CITBoost

Member FDIC.

Limited-time Offer:

Earn up to 4.10% APY with promo code CITBoost Circle with letter I in it.

With the 6 month Boost limited-time offer, you earn 4.10%* APY on balances over $5,000 (balances less than $5,000 earn 0.60%* APY). After the boost is complete you will continue to earn standard rates-- 3.75% APY for balances over $5,000 (balances less than $5,000 earn 0.25% APY). The minimum to open a Platinum Savings account is $100. Member FDIC. No monthly service fees.

APY

up to 4.10%* Rate info Circle with letter I in it. 4.10%* APY for balances of $5,000 or more; otherwise, 0.60%* APY

• Competitive APY
• No account opening or maintenance fees
• Unlimited number of external transfers (up to daily transaction limits)
• FDIC insured
• Interest compounds daily so your money can grow a bit faster

• Balance requirement for maximum APY
• No branch access; online only

CIT Platinum Savings is a no-frills high-interest savings account that offers one of the highest APYs we've found available today -- as long as you can maintain a $5,000 minimum balance. Plus, customers can make an unlimited number of transfers and withdrawals each month (many savings accounts have monthly limits).

Open a CIT Platinum Savings Account

Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. APYs — Annual Percentage Yields are accurate as of January 9, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.

Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of February 17, 2026.

* Platinum Savings APY Boost Promotion Terms and Conditions

This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria.

Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate.

The Promotion begins on February 13, 2026, and ends May 31, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6-month period outlined in the terms and conditions.

The promotion can end at any time without notice.

For complete list of account details and fees, see our Personal Account disclosures.

CIT General Disclosure

For complete list of account details and fees, see our Personal Account disclosures. https://www.cit.com/cit-bank/resources/forms

Barclays Tiered Savings: $200 Bonus with qualifying activities. Terms Apply

Member FDIC.

APY

3.65% Rate info Circle with letter I in it. Balances less than $250,000 earn 3.65%, and balances greater than $250,000 earn 3.75%.

• Competitive APY
• No monthly account fee
• Unlimited number of external transfers (up to daily transaction limits)
• FDIC insured
• No minimum deposit to open an account

• Balance requirement for maximum APY
• No ATM access
• No wire transfers (inbound or outbound)
• No branch access; online only

Barclays Tiered Savings rewards savers with a tiered APY structure, offering higher rates as your balance grows. No monthly fees and no minimum balance to open mean it's accessible to everyone, while unlimited transfers and withdrawals let you manage your savings your way.

Why bank bonuses are worth a look

Thinking about changing banks? Now's a smart time to do it. Lots of banks are offering cash bonuses -- sometimes a few hundred bucks -- just for opening a new account.

The steps are usually simple. You might need to set up a direct deposit to a checking account, swipe your debit card a few times, or keep a certain balance in the account. But be careful -- skip a step and you might miss out.

Also, don't forget: these bonuses count as income. If you earn more than $10, you'll likely get a 1099-INT when tax time rolls around.

If you're planning to move your money anyway, picking up a bonus while you're at it is a nice little win.

How to get a bonus

Most offers are easy to qualify for -- just follow the instructions. Here's what they usually involve:

• A direct deposit within 30 to 90 days of opening your account
• For savings accounts, a bigger deposit you leave alone for a few months
• Some offers only need a few debit card purchases or bill payments

Always read the fine print before you sign up. Make sure the terms fit your habits so you don't miss out.

What to look out for

Some deals sound great but have extra rules. You might need to keep a certain balance or set up a regular deposit to skip monthly fees. And if you've had an account with the bank recently, you might not be eligible.

Even after you check every box, the bonus won't hit your account right away. It can take up to 90 days.

To help you skip the hassle, we've pulled together this week's best offers above -- simple, clear, and worth your time.

Our Picks for the Best High-Yield Savings Accounts of 2026

Disclaimers

Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. APYs — Annual Percentage Yields are accurate as of January 9, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.

Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of February 17, 2026.

* Platinum Savings APY Boost Promotion Terms and Conditions

This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria.

Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate.

The Promotion begins on February 13, 2026, and ends May 31, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6-month period outlined in the terms and conditions.

The promotion can end at any time without notice.

For complete list of account details and fees, see our Personal Account disclosures.

CIT General Disclosure

For complete list of account details and fees, see our Personal Account disclosures. https://www.cit.com/cit-bank/resources/forms

The annual percentage yield (APY) is accurate as of January 8, 2026 and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.

Accurate as of the time of publication. The national average rate referenced is from the FDIC’s published National Rates and Rate Caps for Savings deposit products, accurate as of March 16, 2026. See the FDIC website for more information.

• Sources

FAQs

• Typically, it's a paycheck, government benefit (like Social Security), or other ACH transfer from an employer. Some banks are strict, while others are more lenient and accept transfers from other financial institutions. It's always smart to check the exact terms in the bonus offer.

• Sometimes! It depends on the bank's rules. Some banks let you earn a bonus again after a certain amount of time (like 12 or 24 months), while others limit you to one bonus per customer for life.

• Most of the time, no. Opening a bank account may involve a soft pull or identity check, but it usually doesn't trigger a hard credit inquiry. That said, if the bank offers overdraft protection linked to a credit line, a hard pull might happen -- but that's rare.