Active direct deposit earns you 2.50% APY, our highest APY across both your SoFi Checking and Savings accounts, which is more than 62x the national average. Learn what qualifies as a valid direct deposit here.
Members without direct deposit will still earn a competitive APY, 30x higher than the national average. (Can I get the highest APY without Direct Deposit?)
NOTE: There is no minimum direct deposit amount required to earn our highest APY or for 2-Day Early Paycheck, however, we do require $1,000 of monthly direct deposit transactions to unlock No-Fee Overdraft Coverage.