Can I get 1.50% APY without Direct Deposit? June 28, 2022 07:00 Updated Follow Direct deposit is a requirement for the 1.50% APY. For members who cannot receive direct deposit, SoFi will offer 0.90% APY. Related articles How long will SoFi offer 1.50% APY? How do I get the Highest APY? 🎉 SoFi Checking and Savings has launched. Get up to 1.50% APY* today! 🎉 What's my interest rate for SoFi Checking and Savings? What’s the difference between SoFi Money and SoFi Checking and Savings? Isn’t SoFi already a bank?