EPIC BATTLE: SoFi vs American Express High Yield Savings. Which is BEST in 2024?

🏦 SoFi Checking & Savings (up to $325 Bonus): alexisidro.com/SoFi
Detailed comparison between SoFi and American Express (AMEX) High Yield Savings Account (HYSA), we go over the best features and which is best for YOU?
A few notes: Today we compare SoFi and American Express (AMEX) High Yield Savings accounts (HYSA), and which gives the best benefits, and this is coming from someone who's used these organizations in the past. We go over the interest rate, maintenance fees, minimum deposits, and overall, which is better in my personal opinion and experience. Al of this with the hopes of helping you make better decisions for yourself, and improve your personal finance (remember, I'm not a financial advisor).
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Helpful links and resources:
BANKS:
🏦 SoFi Checking & Savings (up to $325 Bonus): alexisidro.com/SoFi
🏦 Marcus by Goldman Sachs Savings (1% Additional APY Bonus for 3 months):
alexisidro.com/marcus
BUDGETING APP I RECOMMEND:
Track, save, and take control of your money: alexisidro.com/Quicken
CREDIT CARDS I USE:
💳 Chase Sapphire Preferred (for Travelers): alexisidro.com/Chase
💳 Capital One Quicksilver (for Beginners building credit): alexisidro.com/Quicksilver
Times:
0:00 Why HYSAs
0:38 Best feature comparison
9:33 Head to head
10:20 Which would I recommend to my grandma? :)
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New to the channel? Hello! My name is Alex. Welcome.
I’m a father, husband, engineering professional and online entrepreneur/content creator based in the Washington, DC area.
I have 11+ years of professional experience, four years+ of social media (15,000+ subscribers in the channels I own), and I’ve been a career consultant and mentor for the last four years. I’ve helped clients get jobs in different industries and get them into high profile organizations like Amazon, Northrop Grumman, and Government.
I have a passion for helping people achieve their goals and dreams, and as someone who never had a mentor, it is my goal to be that person for you. I share content to help people improve their mindset, and make better career, financial, online business, and life decisions.
Every piece of content I share is based on experience, insight, research, and/or observations.
My mission is simple: leave this world better than when I arrived. LFGO!
DISCLAIMER:
I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.
AFFILIATE DISCLAIMER:
Some of the card or bank links and other products that appear on this website may be from companies for which Alex Isidro will earn an affiliate commission or referral bonus. This means that if you click on one of the product links, I may receive a commission. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
My opinions and reviews are my own personal views and are not influenced by whether or not I earn a commission. I only recommend products I've used or which I would recommend to my mom! :)

[@alexisidro]

🏦 SoFi Checking & Savings (up to $325 Bonus): alexisidro.com/SoFi
🏦 Marcus by Goldman Sachs Savings (1% Additional APY Bonus for 3 months):
alexisidro.com/marcus
BUDGETING APP I RECOMMEND:
Track, save, and take control of your money: alexisidro.com/Quicken

[@callmeNeno]

I can’t get enough of this kind of content

[@callmeNeno]

Financial automation is phenomenal : set & forget

[@alexisidro]

100% Very helpful for sure!

[@tbrewer20031]

With SOFI, in order to get that 4.60% APY, your direct deposits must total (at minimum) $5,000.00 every 30 days. If not, you will only get 1.25% APY.

[@josephmgomez3921]

I have Wealthfront and Amex for now.....what do you think of them two choices?

[@alexisidro]

If it works for you and you love them, I think it's great!