SoFi, also known as Social Finance, was founded in 2011 as an online personal finance company offering student loan refinancing, personal loans and mortgages. The business positions itself as a lender, not a bank, with a different approach to lending and wealth management, providing new products and tools, faster service, and open communication with its customers, such as through its live customer support seven days a week.
\n\nThe lender provides the majority of its loans to those with excellent credit scores and invites its customers to members-only networking events, social events and dinners around the country, fostering a community or club-like feel.
\n\nAs a self-described “nonbank,” SoFi also offers services for members’ professional development, including job search, career transition, business development and personal branding support through its Career Advisory Group and Entrepreneur Program.
\n"}},"rate_texts":{"Featured Medium":{"text":"Limited time offer! Get up to $1,000 in stock when you open & fund a new account.","html":"Limited time offer! Get up to $1,000 in stock when you open & fund a new account.
\n"},"Promoted Offer Copy":{"text":"Get up to $1,000 in stock when you fund a new Active Invest account.","html":"Get up to $1,000 in stock when you fund a new Active Invest account.
\n"},"CTA Button":{"text":"Start Today","html":"Start Today
\n"},"Text Ad Copy Prefix":{"text":"No Commissions or Account Minimums: ","html":"No Commissions or Account Minimums:
\n"},"Text Ad Copy":{"text":"Fund a new SoFi Active Invest account and get up to $1,000 in stock! Start investing with $0 commissions and as little as $5.","html":"Fund a new SoFi Active Invest account and get up to $1,000 in stock! Start investing with $0 commissions and as little as $5.
\n"},"Native Ad Title":{"text":"Build Your Portfolio with Just $5","html":"Build Your Portfolio with Just $5
\n"},"Native Ad Description":{"text":"Limited time offer! Get up to $1,000 in stock when you open & fund a new SoFi Active Invest account.","html":"Limited time offer! Get up to $1,000 in stock when you open & fund a new SoFi Active Invest account.
\n"},"Rating":{"text":"4.8","html":"4.8
\n"},"Rating Tooltip":{"text":"GOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.","html":"GOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.
\n"},"Disclaimer":{"text":"INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUEINVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE
Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org).
Probability of member receiving $1,000 is 0.026%. If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Probability percentage is subject to decrease.
\n"},"No Rate":{"text":"Self Directed Investing","html":"Self Directed Investing
\n"}},"rate_urls":{"Logo 120x60 Path":"https://cdn.rates.consumertrack.com/rate314828_logo120x60filepath.png"},"institution_awards":[],"scheduled_rates":[{"primary_rate":0,"start_date":"2025-01-17T18:46:14+0000"}]},"46999111a3da3b8c011b026eb8dcf985":{"institution_name":"Synchrony Bank","institution_slug":"synchrony-bank","rate_symbol":"percent","primary_rate":3.8,"primary_rate_type":"APY","secondary_rate_type":"NONE","product_name":"13 - Month CD","product_type":"CD Rates","product_type_full":"CD Rates","institution_urls":{"Main":"https://www.synchronybank.com/banking/home","Rate":"https://www.synchronybank.com/banking/ratesandterms/","Monochrome Logo Path":"https://cdn.rates.consumertrack.com/synchrony%20bank_monochromelogofilepath.png","Logo Path":"https://cdn.rates.consumertrack.com/synchrony_bank_logofilepath.png"},"institution_texts":{"About":{"text":"Synchrony Financial has approximately 72 million active customer accounts. It partners with hundreds of thousands of merchants to get customers the best deals on credit cards and offers a CareCredit healthcare card to help you finance anything medical or dental that your insurance doesn’t cover.Synchrony Financial has approximately 72 million active customer accounts. It partners with hundreds of thousands of merchants to get customers the best deals on credit cards and offers a CareCredit healthcare card to help you finance anything medical or dental that your insurance doesn’t cover.
\nSynchrony provides customers with money market and high-yield savings accounts, CDs, and IRA and money market CDs — all of which are FDIC-insured. Every savings products gets you automatically enrolled in the Perks program, which rewards you for your account balance and the amount of time you’ve been a loyal customer. Basic perks include no monthly service fees, travel and leisure discounts, ATM reimbursements and Identity Theft Resolution Services.
Synchrony was a finalist in several categories of GOBankingRates’ Best Banks of 2017 rankings and was named Best Savings Account of 2017.
\n"},"Blurb 1":{"text":"Synchrony Bank has many personal banking offers to choose from including highly-rated term CDs, high-yield savings, and IRA money market accounts.
\r\n\r\nHigh-Yield Savings
\r\nOptimizer Plus+ CDs
\r\nMoney Market Accounts
\r\nIRA Money Market Account & IRA CD
\r\nCredit Cards
Synchrony Bank has many personal banking offers to choose from including highly-rated term CDs, high-yield savings, and IRA money market accounts.
\n\nHigh-Yield Savings
\nOptimizer Plus+ CDs
\nMoney Market Accounts
\nIRA Money Market Account & IRA CD
\nCredit Cards
Synchrony provides customers with money market and high-yield savings accounts, CDs, and IRA and money market CDs — all of which are FDIC-insured. Every savings products gets you automatically enrolled in the Perks program, which rewards you for your account balance and the amount of time you’ve been a loyal customer. Basic perks include no monthly service fees, travel and leisure discounts, ATM reimbursements and Identity Theft Resolution Services.
\n"},"Product Info Column 2":{"text":"### Synchrony Bank Products\r\n* High-Yield Savings\r\n* Optimizer Plus+ CDs","html":"Open Account
\n"},"FDIC":{"text":"Member FDIC","html":"Member FDIC
\n"},"Disclaimer":{"text":"Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal non-IRA accounts only. Fees may reduce earnings. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest in effect at that time. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.","html":"Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal non-IRA accounts only. Fees may reduce earnings. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest in effect at that time. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.
\n"},"No Rate":{"text":"13 - Month CD","html":"13 - Month CD
\n"},"Rating Tooltip":{"text":"GOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.","html":"GOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.
\n"},"Rating":{"text":"4.7","html":"4.7
\n"},"Tooltip":{"text":"Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal non-IRA accounts only. Fees may reduce earnings. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest in effect at that time. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.","html":"Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal non-IRA accounts only. Fees may reduce earnings. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest in effect at that time. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.
\n"},"Native Ad Title":{"text":"Grow Your Funds with a CD","html":"Grow Your Funds with a CD
\n"},"Native Ad Description":{"text":"Take advantage of great rates with a Certificate of Deposit. With terms ranging from 3 months to 5 years, you can find the perfect fit for your savings goals. Member FDIC.","html":"Take advantage of great rates with a Certificate of Deposit. With terms ranging from 3 months to 5 years, you can find the perfect fit for your savings goals. Member FDIC.
\n"},"Text Ad Copy Prefix":{"text":"Get More For Your Money: ","html":"Get More For Your Money:
\n"},"Text Ad Copy":{"text":"Secure your financial future with competitive rates and no minimum deposit.","html":"Secure your financial future with competitive rates and no minimum deposit.
\n"},"Bulleted Text Ad Copy":{"text":"* Our Mobile App makes it easy to bank anywhere - and control your accounts from a Smartphone or Tablet \r\n* No minimum deposit, no monthly fees—just great savings! \r\n* Let your money work for you. Great Rates. Count on It. Open a CD Account with Synchrony Today. Member FDIC.","html":"Let your money work for you with our great rates.
\n"},"Tag Copy":{"text":"TOP OFFER","html":"TOP OFFER
\n"}},"rate_urls":{"Logo 120x60 Path":"https://cdn.rates.consumertrack.com/rate302885_logo120x60filepath.png"},"institution_awards":[{"award":{"name":"Best Bank 2015 Award"}},{"award":{"name":"Best Bank 2016 Award"}},{"award":{"name":"Best Bank 2017 Award"}},{"award":{"name":"Best Bank 2018 Award"}}],"scheduled_rates":[{"primary_rate":3.8,"start_date":"2026-01-16T15:17:18+0000"}]},"add5f3fd9167f63ea8f269b7dcfc2ef3":{"institution_name":"Raisin","institution_slug":"raisin","rate_symbol":"percent","primary_rate":4.3,"primary_rate_type":"APY","secondary_rate_type":"NONE","product_name":"High-Yield Savings Account","product_type":"Savings","product_type_full":"Savings Account","institution_urls":{"Main":"https://www.raisin.com/en-us/","Logo Path":"https://cdn.rates.consumertrack.com/raisin_logofilepath.png"},"institution_texts":[],"rate_texts":{"Featured Medium":{"text":"Earn 10x the national avg APY, plus a $75-500 cash bonus for $10K-$50K deposited!","html":"Earn 10x the national avg APY, plus a $75-500 cash bonus for $10K-$50K deposited!
\n"},"Promoted Offer Copy":{"text":"New customers can earn $75 for $10K, $250 for $25K, or $500 for $50K deposited using code BOOST.","html":"New customers can earn $75 for $10K, $250 for $25K, or $500 for $50K deposited using code BOOST.
\n"},"CTA Button":{"text":"Get Offer","html":"Get Offer
\n"},"Text Link":{"text":"Western Alliance Bank","html":"Western Alliance Bank
\n"},"Text Ad Copy Prefix":{"text":"Start Earning Today: ","html":"Start Earning Today:
\n"},"Text Ad Copy":{"text":"Earn 4.25% APY when you open a Western Alliance Bank High-Yield Savings Account. No hidden charges. 24/7 access to your funds. Terms Apply.","html":"Earn 4.25% APY when you open a Western Alliance Bank High-Yield Savings Account. No hidden charges. 24/7 access to your funds. Terms Apply.
\n"},"Rating Tooltip":{"text":"GOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.","html":"GOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.
\n"},"Tooltip APY as of Date":{"text":"Annual Percentage Yield","html":"Annual Percentage Yield
\n"},"Native Ad Title":{"text":"Grow your savings","html":"Grow your savings
\n"},"Native Ad Description":{"text":"Earn 4.25% APY when you open a Western Alliance Bank High-Yield Savings Account. No hidden charges. 24/7 access to your funds. Terms Apply.","html":"Earn 4.25% APY when you open a Western Alliance Bank High-Yield Savings Account. No hidden charges. 24/7 access to your funds. Terms Apply.
\n"},"Native Label Text":{"text":"Featured Offer","html":"Featured Offer
\n"},"Rating":{"text":"4.3","html":"4.3
\n"},"Min Qualifier":{"text":"Western Alliance Bank, Member FDIC","html":"Western Alliance Bank, Member FDIC
\n"}},"rate_urls":{"Logo 120x60 Path":"https://cdn.rates.consumertrack.com/rate313961_logo120x60filepath.jpg","Logo Path":"https://cdn.rates.consumertrack.com/rate313961_logofilepath.png"},"institution_awards":[],"scheduled_rates":[{"primary_rate":4.3,"start_date":"2025-07-31T13:12:33+0000"}]},"f6c0b9a1c9cfdc92e67a32efb8437982":{"institution_name":"Usalliance Federal Credit Union","institution_slug":"usalliance-federal-credit-union","rate_symbol":"percent","primary_rate":4.2,"primary_rate_type":"APY","secondary_rate_type":"NONE","product_name":"No Penalty - 11 Month Certificate","product_type":"CD Rates","product_type_full":"CD Rates","institution_urls":{"Main":"https://www.usalliance.org/","Rate":"https://www.usalliance.org/about-us/rates/savings-rates","Logo Path":"https://cdn.rates.consumertrack.com/usalliance_federal_credit_union_logofilepath.png"},"institution_texts":[],"rate_texts":{"Featured Medium":{"text":"Guaranteed rates and insured deposits – that’s the credit union difference!","html":"Guaranteed rates and insured deposits – that’s the credit union difference!
\n"},"Promoted Offer Copy":{"text":"Limited-time offer, daily compounded interest, no penalties for early withdrawals!","html":"Limited-time offer, daily compounded interest, no penalties for early withdrawals!
\n"},"CTA Button":{"text":"Start Saving","html":"Start Saving
\n"},"FDIC":{"text":"NCUA Insured","html":"NCUA Insured
\n"},"Rating Tooltip":{"text":"GOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.","html":"GOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.
\n"},"Rating":{"text":"4.2","html":"4.2
\n"},"Text Ad Copy Prefix":{"text":"Secure your rate today: ","html":"Secure your rate today:
\n"},"Text Ad Copy":{"text":"Open an 11 month Certificate with USALLIANCE at 4.20%, with no penalties for early withdrawals. Fixed-term rates! ","html":"Open an 11 month Certificate with USALLIANCE at 4.20%, with no penalties for early withdrawals. Fixed-term rates!
\n"},"Native Ad Title":{"text":"Grow Safely with a Certificate","html":"Grow Safely with a Certificate
\n"},"Native Ad Description":{"text":"Guarantee your money in uncertain times with an 11-month Certificate from USALLIANCE. Enjoy guaranteed rates, insured deposits, and no penalties for early withdrawals. Grow your savings with daily compounding and monthly dividends. Open your account now and experience the credit union difference!","html":"Guarantee your money in uncertain times with an 11-month Certificate from USALLIANCE. Enjoy guaranteed rates, insured deposits, and no penalties for early withdrawals. Grow your savings with daily compounding and monthly dividends. Open your account now and experience the credit union difference!
\n"},"Native Label Text":{"text":"Featured Offer","html":"Featured Offer
\n"},"Min Qualifier":{"text":"Credit Union","html":"Credit Union
\n"}},"rate_urls":{"Logo 120x60 Path":"https://cdn.rates.consumertrack.com/rate315064_logo120x60filepath.png"},"institution_awards":[],"scheduled_rates":[{"primary_rate":4.2,"start_date":"2025-05-09T03:48:49+0000"}]}},"liveramp":{}}