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Cottonwood Heights, Utah 84121

Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 10/20/26. 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.


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SoFi IPO Center Current Offerings

4 months ago · Updated

  • Am I eligible for IPO investing?Chevron Right
  • Can I buy new issues with margin?Chevron Right
  • Can I change or cancel my indication of interest?Chevron Right
Can I change or cancel my order?Chevron Right
  • Can I purchase shares of an initial public offering (IPO) using instant funding?Chevron Right
  • Does SoFi recommend investing in IPOs?Chevron Right
  • Do the companies have an arrangement with SoFi pre-IPO or can you buy into any company that IPOs? Chevron Right
  • How can I receive a preliminary or final prospectus?Chevron Right
  • How does SoFi allocate IPO shares?Chevron Right
  • How does SoFi's IPO Investing work?Chevron Right
  • How do I find out about new issues available through SoFi?Chevron Right
  • How do I participate in an IPO?Chevron Right
  • How is SoFi IPO Investing better than competitors?Chevron Right
  • How is the offering price determined?Chevron Right
  • How much time do I have to confirm my order?Chevron Right
  • How to rollover a 401k with Capitalize?Chevron Right
  • How will I know when the registration process has been completed so that I can confirm my indication of interest amount?Chevron Right
  • If I sell prior to the 120th day of trading, is the flipping fee deducted from my account balance?Chevron Right
  • IPO GlossaryChevron Right
  • SoFi IPO Center Current OfferingsChevron Right

    • Follow the steps below to view SoFi's current IPO offerings.

    Log in to your SoFi Invest account.

    Scroll to More You Can Do and select IPOs.


    IPO Offerings 1


    View any available offerings under Live IPOs in the SoFi IPO Center.


    IPO Offerings 2

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    Any SoFi member with an Active Investing account is eligible to participate with no account minimums.

     

    Here’s how it all works:

    1. Once you’re eligible, select an IPO and submit your indication of interest (IOI). You’ll need to do this for every IPO you’re interested in. IOIs are like reservations. They’re non-binding, and you’ll have to officially confirm your order when it’s time.
    2. There are a few basic eligibility questions you’ll need to answer before you’re allowed to participate. These are standard, and typical whenever you’re investing in IPOs. After you’ve taken care of that, you can officially submit your IOI.
    3. Then...you wait! A day before the IPO, we’ll notify you via push notification and email when it’s time to confirm your buy order(s). IPO dates are not guaranteed, but the SoFi app or website will always have the most up-to-date info. You only have a short window of time to confirm—so keep an 👀 out.
    4. It’s important to remember that even after you confirm your order, you may not receive all the units you request. Only a small % of any IPOs is allocated to retail investors—and some IPOs have high demand. Learn all about our IPO allocation procedures 👉 https://www.sofi.com/invest/ipo-investing/#allocation
    5. On the morning of IPO day, your shares will be allocated and will be available in your SoFi Active Invest account. 🤩 To learn more about IPO investing, check out https://www.sofi.com/invest/ipo-investing/#InvestWithSoFi

     

    For more information click on the links listed below.

    General Information

    Traditional IPO

    SPAC

    How much time do I have to confirm my order?

    What is an IPO?

    What is a SPAC IPO?

    What is the SoFi IPO Flipping policy?

    How is the offering price determined?

    What is a warrant?

    If I sell prior to the 120th day of trading, is the flipping fee deducted from my account balance?

    Why is the final IPO price per share higher/lower than my Indication of Interest (IOI) price?

    What is the difference between a unit and a common share?

    How does SoFi's IPO Investing work?

     

    What happens to the SPAC IPO unit 52 days after the IPO?

    Can I change or cancel my indication of interest?

     


    What happens if I miss the order confirmation time period?

     


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    Regulatory Filings

    If you have any questions regarding an IPO, you can review the descriptions of each offering, which provide basic, essential information concerning the issuer, in our IPO Center. This information is available in the “About” section on the app or website for each company. For more comprehensive information, please visit the SEC EDGAR website where you can search for the ticker symbol and find all of the relevant regulatory filings. 

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    Don’t have SoFi Active Invest? Open an account and we’ll keep you in the know on all things
    IPO invest related—including offering types, expected dates and prices, and more.

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    *Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement.