We are no longer opening new SoFI Money accounts and are shifting our focus to SoFi Checking and Savings and building new banking features and benefits for our members.
SoFi Money members will see changes in certain benefits: with SoFi checking and savings we are able to offer 4.20% APY on Savings & Vaults balances and 1.20% APY on Checking balances for accounts with active direct deposit or 1.20% for non-direct-deposit accounts.