I have 50k I need to move from checking to HYSA. Will be buying a house in approximately 12-18 months, depending on how the economy and housing market shakes out this year.
I’m seeing SoFi and Marcus as the most recommended. I know Marcus has the initial 1% higher rate, but it seems like SoFi has a baseline higher rate.
I’d like no fees, completely online, easy transfers from my checking, and one that updates quickly with rate hikes. Any recommendations one way or the other?

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I have both. I prefer Sofi because like you said, it has a higher annualized rate. Both accounts are fine in terms of usability, no fees, and easy transfers. Sofi has a checking account attached which is nice. Marcus still being at 3.3% shows it lags behind rate increases, although I guess they are banking on that 1% referral to help them.

Sofi has up to $250 bonus and extra $25 bonus with referral. Marcus has a $100 bonus if you deposit 10k. Personally I've moved everything out of Marcus and into Sofi or tbills. Happy to provide referrals to either.


SoFi’s 3.75% rate requires monthly direct deposit. I use their checking and savings, but something to consider if you are not going to be switching banks or doing employer deposits to SoFi. Can also do Vanguard brokerage and their money market is about 4.19% after fees

CDs have higher rates.

Go with marcus - I have the best experience with them so far! Super quick transfers to my checking account

Lending club is who I use and they are at 4% APR

APY. Thanks

Search previous posts in this bowl, there is a ton of info on HYSAs, CDs and T Bills

I’m happy to share a Marcus referral.

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