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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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Which also send you 1099s for bonus and interest? Any bank that pays interest and/or bonuses will send you a 1099 at the end of the year.
American express savings?
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.
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Bonus received within a few weeks after DD hit the account.
Obviously there are other banks out there with higher APYs, but the way sofi provides value is by switching to them for checking, and then your gaining 4.8apy on your normal checking activity balances. The fact that the checking uses the savings for overdraft protection, and there are no transaction limits or fees on the savings, you park all your money that you normally hold in your checking gaining no interest in the sofi savings, and then sofi pulls from your savings for all your checking activities. If you're looking for just a good savings rate to park cash, and are against using 4 week t bills (state tax exempt), then yeah you will find something slightly better elsewhere. The value is in the checking/savings combo. And you can direct deposit $1 of your check each month to get the higher apy if you really want. Most payroll companies allow you to split your direct deposit.
Will I be able to park my nomey at SWVXX and pay my bill or withdraw cash from atm from SWVXX? Thank you!
More appropriate for your emergency fund or savings for large purchases… not to be used as a checking account. I personally moved my emergency fund and long term savings into Vanguard's VUSXX Treasury Fund.
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Do they really pay all that interest? I'm down for free money