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SoFi Checking & Savings: Earn Up to 4.60% APY + Up to $250 with Direct Deposit, terms apply Expired
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:
Slickdeals may be compensated by SoFi
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/
Slickdeals may be compensated by SoFi
Original Post
Written by
Edited December 7, 2023
at 11:30 AM
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:
Slickdeals may be compensated by SoFi
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/
Slickdeals may be compensated by SoFi
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If you're only in it for the yield then you are correct, there are better options out there. However, if you're looking for a great banking experience where you can manage most of your finances in one place, with access to lightning fast ACH transfers, then SoFi is worth trying. I've used half a dozen banks over the last 12 months and the others don't come close.
Just know that this is coming from a guy who would normally go with the highest yield. In this case I'm willing to give up a few basis points for everything else that SoFi brings to the table.
4.5% is pretty damn good even if there are better out there.
Just know that this is coming from a guy who would normally go with the highest yield. In this case I'm willing to give up a few basis points for everything else that SoFi brings to the table.
Agree. Willing to give up a few points given that I get my paycheck a few days earlier than I used to, and money transfers are so fast.
I also signed up for the credit card and got 3% back on everything in the first year up to the earning limit which was $450 cash back bucks or something.
Robinhood isn't owned by Citi. The hell are you smoking?
Just know that this is coming from a guy who would normally go with the highest yield. In this case I'm willing to give up a few basis points for everything else that SoFi brings to the table.
If you consider this a checking account (since you can treat your savings account as one, no limits to monthly transactions, if needed you can debit from checking account and have automatic overdraft from your savings) then you should look at this as the highest yield checking account available.
Nothing like the bliss of ignorance lol
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4.5% is pretty damn good even if there are better out there.
Dumb people gonna invest poorly.
Am i reading this right?
Want to unlock 4.50% APY on your savings balances? Direct deposit your pay or add $5,000 every 30 days*
Most banks you can deposit from anywhere and get the sign up bonus.
Who the hell gave this a up vote? most banks do not make your deposit be from a work place heck when i did 5th 3rd it was easy same with the others.
Total bs that it only counts from employer total bs down vote.
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I also signed up for the credit card and got 3% back on everything in the first year up to the earning limit which was $450 cash back bucks or something.
Honestly I've just got to the point where anything beyond my monthly expenses and some emergency savings I want to keep liquid, I just move the rest from SoFi to Treasury Direct in 4-week T-Bills. They're yielding as much or more than the highest yield savings or money market accounts out there. Another option if someone wanted to stay in the SoFi ecosystem is move the funds to Invest and put them in one of the numerous ETFs out there that track short-term T-Bills. You wouldn't have to worry about the funds being locked in this situation and could trade them back for cash anytime too, although bond ETFs have other risks and caveats.
SoFi is a great bank, though, been really happy with them overall since signing up last year. Only problem I ran into recently is with the credit card they used to give you cashback points for online gift card purchases, but seems like they've clamped down on it now for cash equivalent purchases. But it is what it is, now if I find a good deal on GiftCards.com or some other site, I'll just use one of the other cards in my wallet instead of theirs.