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2750 East Cottonwood Parkway #300
Cottonwood Heights, Utah 84121

Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 9/23/26. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet.


Eligible Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Eligible Direct Deposit”) via the Automated Clearing House (“ACH”) Network every 31 calendar days.


Although we do our best to recognize all Eligible Direct Deposits, a small number of employers, payroll providers, benefits providers, or government agencies do not designate payments as direct deposit. To ensure you're earning the APY for account holders with Eligible Direct Deposit, we encourage you to check your APY Details page the day after your Eligible Direct Deposit posts to your SoFi account. If your APY is not showing as the APY for account holders with Eligible Direct Deposit, contact us at 855-456-7634 with the details of your Eligible Direct Deposit. As long as SoFi Bank can validate those details, you will start earning the APY for account holders with Eligible Direct Deposit from the date you contact SoFi for the next 31 calendar days. You will also be eligible for the APY for account holders with Eligible Direct Deposit on future Eligible Direct Deposits, as long as SoFi Bank can validate them.


Deposits that are not from an employer, payroll, or benefits provider or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, Wise, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Eligible Direct Deposit activity. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. SoFi Bank shall, in its sole discretion, assess each account holder's Eligible Direct Deposit activity to determine the applicability of rates and may request additional documentation for verification of eligibility. See additional details at https://www.sofi.com/legal/banking-rate-sheet.


SoFi Bank, N.A. NMLS #696891, Member FDIC

SoFi Lending Corp. NMLS #1121636

234 1st Street, San Francisco, CA 94105

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I didn't get my 1% match on deposits into taxable SoFi Invest Accounts. Why?

3 months ago · Updated

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    • Here’s what you need to know about qualifying for the 1% match on deposits into taxable SoFi Invest accounts.

     

    Eligibility Criteria

    • Eligible accounts include taxable (1) self-directed SoFi Invest account (2) Robo SoFi Invest account. Retirement accounts are NOT eligible for the 1% match.
    • Eligible deposits include (1) an instant cash transfer from your SoFi Bank account or (2) a standard ACH deposit into your taxable SoFi Invest account.
    • You must be a SoFi Plus member at the time each deposit settles and keep your SoFi Plus subscription for one (1) continuous year from each deposit settlement date to avoid a full match forfeiture. 
      • The one (1) year requirement applies separately to each deposit, measured from the date each deposit settles.
    • Qualifying deposits must remain in the taxable SoFi Invest account that earned the match for five (5) years to avoid an early withdrawal fee. 
      • The five (5) year requirement applies separately to each deposit, measured from the date each deposit settles. The proportional amount is based on the breach in retention value, not retention period. 

     

    Match Calculation and Payout

    • The 1% match will be paid in cash into the same account that received the deposit(s) within 5 business days after the deposit has settled.

     

    Confirming Your Payout

    To confirm your payout, view your taxable SoFi Invest account that received the deposit(s). 


    For full details and terms, see here.