SoFi Checking & Savings: Earn Up to 4.60% APY + Up to $250 with Direct Deposit, terms apply
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SoFi is offering up to $250 with direct deposit, terms apply. Up to 4.60% APY on savings and 0.50% APY on checking. No account fees.
Thanks to Slickdeals Staff Member EfficientGame645 for posting this deal.
Details/Features:
After Opening a New Account and setting up Direct Deposit, wait for your direct deposit to hit your account (typically 2-4 weeks).
Amount of Direct Deposit Cash Bonus depends on Total Direct Deposit amount in 25-day Evaluation Period :
$1,000 - $4,999 Total Direct Deposit: $50 Cash Bonus
$5,000 or more Total Direct Deposit: $250 Cash Bonus
SoFi will credit members who meet qualification criteria within seven business days of the end of the Evaluation Period.
No overdraft fees. No minimum balance fees. No monthly fees. Plus, 55,000+ fee-free ATMs within the Allpoint Network.
Up to 2-day-early-paycheck
Get up to 15% cash back at local establishments when you pay with your SoFi debit card.
Organize your money, set savings goals, and save your change with Vaults and Roundups.
You'll earn up to 4.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances.
There is no minimum direct deposit amount required. However, please note that there is a minimum direct deposit required for No-Fee Overdraft Coverage ($1,000).
10/24/2023. Additional information can be found at https://www.sofi.com/banking/
SoFi members with Direct Deposit or $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 4.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either Direct Deposit or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 10/24/2023. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
SoFi is offering up to $250 with direct deposit, terms apply. Up to 4.60% APY on savings and 0.50% APY on checking. No account fees.
Details/Features:
After Opening a New Account and setting up Direct Deposit, wait for your direct deposit to hit your account (typically 2-4 weeks).
Amount of Direct Deposit Cash Bonus depends on Total Direct Deposit amount in 25-day Evaluation Period :
$1,000 - $4,999 Total Direct Deposit: $50 Cash Bonus
$5,000 or more Total Direct Deposit: $250 Cash Bonus
SoFi will credit members who meet qualification criteria within seven business days of the end of the Evaluation Period.
No overdraft fees. No minimum balance fees. No monthly fees. Plus, 55,000+ fee-free ATMs within the Allpoint Network.
Up to 2-day-early-paycheck
Get up to 15% cash back at local establishments when you pay with your SoFi debit card.
Organize your money, set savings goals, and save your change with Vaults and Roundups.
You'll earn up to 4.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances.
There is no minimum direct deposit amount required. However, please note that there is a minimum direct deposit required for No-Fee Overdraft Coverage ($1,000).
10/24/2023. Additional information can be found at https://www.sofi.com/banking/
SoFi members with Direct Deposit or $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 4.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either Direct Deposit or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 10/24/2023. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
These responses are not provided or commissioned by the bank advertiser.
Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser.
It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
Btw, if you are planning to do this deal, you are selling yourself very very short. Sw.agbucks is offering $200 plus you get this $250 bonus on signup.
Not a good deal.... I just got this:
"We're pleased to let you know that as of August 4, 2023, the annual percentage yield (APY) on your CIBC Agility™ Online Savings Account increased to 4.76% APY. No action is required and your account will update automatically."
I've been with them for years and they're always at the top and easy to deal with. No direct deposit or other restrictions.
Also very happy with Sofi so far. With the overdraft protection, it automatically uses funds in savings to cover checking activities. Transfer all your checking account funds into savings, and you're always getting the 4.5% interest. Until they ever get rid of the overdraft protection, the checking/savings account function as a 4.5% interest checking account. From what I understand, nobody out there is doing this at this interest rate. All other banks work the checking and savings independently, since they work together you are always getting max interest on your checking balances.
Thanks for the info on the overdraft protection. I tried to find a definitive answer on if I could park all my money in the savings and accrue more interest, but couldn't find it. Even chatted with Sofi, but they just sent me links to their policy.
When does the interest drop/what is the criteria for maintaining the higher interest level? If I have a few paychecks deposited to get to the amount for the bonus and then change my direct deposit back to my other bank, would I maintain the higher interest at Sofi? I haven't modified my direct deposit settings, so I'll have to check at work tomorrow.
All I see is 4.3% for savings. Could you share the link for 5.3%? Thanks.
I love sofi .. there maybe few banks that offer few points over but the overall convenience of Sofi, their invest product, their relay product and the app more than beats CiT or most other banks.
Don't forget you will get a 1099 next year and will have to pay tax. Too little to bother with direct deposit. Wells Fargo and other checking account often have $400+ bonus.
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"We're pleased to let you know that as of August 4, 2023, the annual percentage yield (APY) on your CIBC Agility™ Online Savings Account increased to 4.76% APY. No action is required and your account will update automatically."
I've been with them for years and they're always at the top and easy to deal with. No direct deposit or other restrictions.
Thanks for the info on the overdraft protection. I tried to find a definitive answer on if I could park all my money in the savings and accrue more interest, but couldn't find it. Even chatted with Sofi, but they just sent me links to their policy.
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Please share the places offering that with no minimuma
I love sofi .. there maybe few banks that offer few points over but the overall convenience of Sofi, their invest product, their relay product and the app more than beats CiT or most other banks.
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