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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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What are SoFi Money vaults?

4 months ago · Updated

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SoFi Money vaults are extensions of your SoFi Money account (not distinct accounts). Use them to earmark money for goals, an emergency fund, or just a rainy day—while still earning the same, great interest rate on all your money.

 

Commonly Asked Questions
 

Question

Answer

How do I open a Vault?

Simply log into your SoFi Money cash management account and click on Learn More next to the Vaults icon to get started.


 

Next, you'll select Create my first vault and your off and running. 

How do I move money to and from a vault?

From your SoFi Money homepage:

  1. Select the Vault in question.
  2. Select Transfer 
  3. From there you can choose: 
    1. A linked account for the source of the funds,
    2. The frequency of the transfer (One-time, or recurring),
    3. And the amount.
  5. Click Next
  6. And then Transfer Money to complete the transfer.
     

You can also move funds to and from your Vaults by using Autopilot!

From your SoFi Money homepage:
 

  1. Select Autopilot.
  2. Click Add New or click on an existing Vault to edit the current rules.
  3. Then choose the way(s) you want to automate your recurring money moves:
    1. Split your Paycheck with Autosave - Create funds transfer rules based on direct deposit.
    2. Recurring Transfers - Set up recurring transfers between linked 3rd party accounts and SoFi accounts.
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    • Can I set up a recurring Vault transfer?

    Yes, you can definitely set up recurring vault transfers via Your SoFi Money cash management account.

    From your SoFi Money homepage:
     

    1. Select Autopilot.
    2. Click Add New or click on an existing Vault to edit the current rules. 
    3. Then choose Recurring Transfers 
    4. Select Frequency.
    5. Then Monthly on the (day of the month).
    6. Next click Select monthly. 
    7. To complete enter the dollar amount, a linked account for the source of the funds, And then Transfer Money to complete.

    Are funds in my Money Vaults FDIC insured?

    Yes! Your available SoFi Money balance is FDIC insured, along with any funds you transfer to one or more Money Vaults.

    How many vaults can I have?

    You can currently have up to 20 vaults at a time.

    How do I close a vault?

    1. Sign in to SoFi Money.
    2. Click on Vaults.
    3. Select the vault you want to close. 
    4. From the details page of the vault, click on the Settings icon and click on Close vault.


     

    The money in the closed vault will be immediately moved to your main spending balance and any interest earned on the vault will be reflected as a distinct interest transaction in your spending balance at month’s end.