Upgrading to SoFi Checking and Savings is completely optional at this time. While we are not "forcing" you to upgrade, we have worked hard to design an enhanced product (higher interest rate, superior design) and we're confident you'll love it as much as we do!
All the great features you currently enjoy (Along with the same routing and account number for SoFi Checking, same debit card, same username/password, etc) will be there waiting for you when you upgrade to SoFi Checking and Savings accounts, including 4.00% APY on your Savings & Vaults balances and 1.20% APY on your Checking balances with active direct deposit.
NOTE: Members without direct deposit will earn 1.20% APY on Checking and Savings deposits.