While we cannot promise this rate forever, all members who upgrade into SoFi Checking and Savings will earn 4.00% APY on your Savings & Vaults balances and 1.20% APY on your Checking balances if you have active qualifying direct deposit. Best of all, there is no minimum direct deposit amount to qualify.
NOTE: Members without direct deposit will earn 1.20% APY on Checking and Savings deposits.
Read more:
What is a qualifying direct deposit?