When you open an account, you become a SoFi member, which comes with access to additional benefits like rate reductions on loan products, financial planning services, estate planning discounts, access to exclusive SoFi events and more. Members without direct deposit earn 1.20% APY on savings balances. Up to 4.60% APY on checking and savings account balances can be yours when you set up direct deposit or by depositing $5,000 or more every 30 days.
SoFi doesn’t offer separate checking or savings accounts at this time-only the combined SoFi Checking and Savings Account account.
