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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 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.


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

SoFi Lending Corp. NMLS #1121636

234 1st Street, San Francisco, CA 94105

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SoFi Protect Powered by Experian Insurance Services

2 months ago · Updated

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What is Experian Insurance Services association with SoFi? 


SoFi has teamed up with Experian Insurance Services to bring you a true comparison insurance shopping experience by using the right mix of technology and human interaction. 

Experian Insurance Services provides an apples-to-apples comparison against your existing policy to find you a great deal with real rates


How does SoFi Protect powered by Experian Insurance Services work? 


SoFi Protect powered by Experian Insurance Services uses the account credentials to your current insurance account (or a PDF of your policy declarations page) to learn about your current coverage details, so you don't have to input them manually. 

SoFi Protect powered by Experian Insurance Services uses those details to get you apples-to-apples comparisons for the same coverage from other insurance providers to find a great rate. 

If you don't want to use this feature, you can manually enter your information and select coverages to get a quote


How is SoFi Protect powered by Experian Insurance Services different from other insurance companies?

 

SoFi Protect powered by Experian Insurance Services is an online insurance broker and agent. Experian Insurance Services doesn't replace the insurance company, it just helps you shop. 

SoFi Protect powered by Experian Insurance Services product is a free tool that helps you compare auto and home insurance rates across top providers and finds you the cheapest rate for your exact coverage.


What is the advantage of using SoFi Protect powered byExperian Insurance Services? 


SoFi Protect powered by Experian Insurance Services product is a free tool that gives you multiple auto insurance quotes from top insurers to compare against your existing auto insurance coverage so you can potentially save money.

In addition, Experian Insurance Services can bundle home or renters insurance with your auto policy to save you money.


How is Experian Insurance Services different from other insurance companies? 


Experian Insurance Services is an online insurance broker and agent. Experian Insurance Services doesn't replace the insurance company, it just helps you shop. 

Experian Insurance Services product is a free tool that helps you compare auto, home and renters insurance rates across top providers and finds you the best rate for your exact coverage.


How does SoFi Protect powered by Experian Insurance Services make money? 


Just like all agents, SoFi Protect powered by Experian Insurance Services is paid a commission by the insurance company. 

There is no upcharge to you, SoFi Protect powered by Experian Insurance Services tool is free for you to use. These commissions are from the insurance companies' marketing budgets given SoFi Protect powered by Experian Insurance Services brought them new customers, not from your premiums. 

Your rates are the rates provided and don't change. SoFi Protect powered by Experian Insurance Services shows you quotes based on your savings. 

SoFi Protect powered by Experian Insurance Services does not sell or share your data and doesn't cold call or spam its customers.


How do I contact SoFi Protect powered by Experian Insurance Services or give them feedback? 


Potential Members and current policy holders: 1-888-412-3126, 7 days a week 9 a.m. to 9 p.m. ET