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.
redneck pays more and there is another that is even higher
I used to have Redneck! I loved it! Except for the 10 purchases per month hassle. I just recommended my friend open an account and he did! I am jelly! Checkin is funner!
Sofi literally sued to stop student loan forgiveness but that isn't stopping suckers from giving them money...
Pay your loans . SoFi lent people money at a better rate and requires being paid back! Pay your damn bills people! I would sue too if somebody didn't pay me!
Sofi is pretty spammy in app and website. Still considered using them as primary banking after signing up to take advantage of a similar promo a year or so ago. One major gap they have is no ability to set a POD beneficiary of any kind on the account, which ultimately led me to not use this account or keeping any sort of significant funds there. My wife is using them as primary and another major gap is ability to do re occuring transfers to another account. We xfer money to a joint account for bills each month and she has to do remember to do this manually now.
This is not true. Been with SoFi for about a year and the app actually prompted me to set a beneficiary, which I did.
Is this introductory APR and then after a year you have to keep switching banks to chase the high APR?
I believe they reserve the right to change it. I joined when it was 3.25% on both checking and savings. Checking went down to .5% but savings went up to 4.5% as they increased it by about .25% periodically over the last year or so. They have free overdraft protection so I just keep all my money in savings (earning 4m5%) with very little $ in checking, if some big bill comes through they just draft from savings to cover it, no charge, no sweat.
same here, CIT works well so far. Tried this sofa bank and I was denied from opening account. NEVER had an issue with bank account opening. very disappointing garbage bank I know I am the few people who had problem with this bank and got a lot of hates for it.
None are as good at digital banking as SoFi. But, it's still kindof sh## that the rate is 4.5% and not 5.1% like the others
Depends what you are looking for, if you are looking for a bank where you can park your money and have it earn interest, there are a lot of other banks that provide this, if you prefer a bank which better looking webpages/apps than you can go to Sofi, capital one, etc.
Honestly I prefer other banks as I don't care how their webpage/ app looks as long as it's FDIC insured and I can get to my money, I would go with a higher interest bank any day
So if I start depositing money into my sofi savings after opening a checking and getting direct deposit set up I'll be earning 4.50 % interest on the money in the savings ?
So if I start depositing money into my sofi savings after opening a checking and getting direct deposit set up I'll be earning 4.50 % interest on the money in the savings ?
yes. i did this for 3 months with sofi. i transferred all my stuff to vio bank for now because its a higher interest rate.
Any thoughts on BMO? They just opened a new branch in my area. For online savings they offer 5.10% APY. But the reviews are not good. Any insight would be much appreciated.
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I used to have Redneck! I loved it! Except for the 10 purchases per month hassle. I just recommended my friend open an account and he did! I am jelly! Checkin is funner!
Pay your loans . SoFi lent people money at a better rate and requires being paid back! Pay your damn bills people! I would sue too if somebody didn't pay me!
This is not true. Been with SoFi for about a year and the app actually prompted me to set a beneficiary, which I did.
Yes I use Zelle through SoFi
I believe they reserve the right to change it. I joined when it was 3.25% on both checking and savings. Checking went down to .5% but savings went up to 4.5% as they increased it by about .25% periodically over the last year or so. They have free overdraft protection so I just keep all my money in savings (earning 4m5%) with very little $ in checking, if some big bill comes through they just draft from savings to cover it, no charge, no sweat.
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Depends what you are looking for, if you are looking for a bank where you can park your money and have it earn interest, there are a lot of other banks that provide this, if you prefer a bank which better looking webpages/apps than you can go to Sofi, capital one, etc.
Honestly I prefer other banks as I don't care how their webpage/ app looks as long as it's FDIC insured and I can get to my money, I would go with a higher interest bank any day
So if I start depositing money into my sofi savings after opening a checking and getting direct deposit set up I'll be earning 4.50 % interest on the money in the savings ?
UFBdirect.com It was at 5.15 last time I checked. I don't have dd right now so I cannot get the SoFi bonus, but I do like SoFi.
So if I start depositing money into my sofi savings after opening a checking and getting direct deposit set up I'll be earning 4.50 % interest on the money in the savings ?
I'm hating that they have the 25 day range to direct deposit 5k though, kind of annoying.
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