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Sofi Bank - 1% match when you fund your investment acccount up to $5k (YMMV)
Got an email.
This month only, when you fund your SoFi Invest account, we'll match 1% of your deposit.
Get up to $5,000 when you fund your SoFi Active Invest account.* SoFi will match 1% of net deposits by June 30, 2020, with a maximum bonus up to $5,000. In other words—if you make a $15,000 deposit, we'll give you $150.
https://www.sofi.com/
*To receive the bonus, the Active Invest account must have net deposits (meaning total deposits minus total withdrawals) of $100 to $500,000 in the offer period. The offer period is between now and June 30, 2020. The max bonus payout per user is $5,000. All bonuses will be paid within 5 business days of the conclusion of the offer period. Net deposits are required to remain in the account for 90 days following the conclusion of the offer period. SoFi reserves the right to recoup up to the bonus amount from any withdrawals that take place prior to the 90 day period.
This month only, when you fund your SoFi Invest account, we'll match 1% of your deposit.
Get up to $5,000 when you fund your SoFi Active Invest account.* SoFi will match 1% of net deposits by June 30, 2020, with a maximum bonus up to $5,000. In other words—if you make a $15,000 deposit, we'll give you $150.
https://www.sofi.com/
*To receive the bonus, the Active Invest account must have net deposits (meaning total deposits minus total withdrawals) of $100 to $500,000 in the offer period. The offer period is between now and June 30, 2020. The max bonus payout per user is $5,000. All bonuses will be paid within 5 business days of the conclusion of the offer period. Net deposits are required to remain in the account for 90 days following the conclusion of the offer period. SoFi reserves the right to recoup up to the bonus amount from any withdrawals that take place prior to the 90 day period.
Created 06-04-2020
at 01:37 PM
by lot7labs
in
Financial Tools & Services
(5)
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Don't know if it counts?
Can I find anywhere to set up to do direct transfer from External bank ACH to sofi invest?
BTW, the tiny terms said we have to maintain the money in Invest account 90 days or they might took bonus back.
I wonder if this offer is targeted, as I didn't get the e-mail.
Still considering if its worth the hassle for the few hundred bucks... Might dump all my student loan money in, this ends right when student loan payments start again. Also I see no reason to transfer the money in until the end of the month, might as well keep getting that minuscule interest from Discover....
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Rates dropped a number of times over the last year. Their rate is based on the fed interest rate. If you want to lock in a rate, a savings/checking account isn't the what you want.
I think they only pay interest on idle money in their checking / savings account, not their investment account (I don't see any interest payments in mine) .