SoFi became a bank in order to bring you the best features, including a simple, market-leading interest rate of 1.80% APY across both SoFi Checking and Savings accounts (requires an active direct deposit).
Members without direct deposit will earn 1.00% APY on Checking and Savings deposits.
Go to the SoFi app or sofi.com to get started and remember to set up direct deposit to earn 1.80% APY across both SoFi Checking and Savings accounts.
Note: There is no minimum direct deposit amount required for the 1.80% APY or 2-Day Early Paycheck, however, we do require $1,000 of monthly direct deposit inflows to unlock No-Fee Overdraft Coverage.