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Keep in mind to get 4% APR from SoFi, you have to set up a direct deposit with them. It looks like SoFi is the BEST MARKETED bank. They are marketing a lot of perks which you may or may not necessarily need. You could consider depositing into brokerage CDs at your brokerage.
  • Safe
  • United States
  • Encrypted
  • 19 yrs old
  • 28 Site Rank
  • Report Card

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SoFi is a good bank and their checking and saving product is decent. The APY is actually 0.90% and goes up to 1.50% with direct deposits. However, it doesn't offer the highest interest rates. For $10,000 there are other accounts you can take advantage of that gives you up to 4.00% APY.
  • Safe
  • United States
  • Encrypted
  • 19 yrs old
  • 28 Site Rank
  • Report Card

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After successfully opening SoFi Checking and Savings, members will receive a SoFi debit card in 7-10 business days. We've set the limit at $1,000 per ATM withdrawal per day to protect you against fraudulent activity. Also, we offer the option to request paper checks online.
  • Safe
  • United States
  • Encrypted
  • 19 yrs old
  • 28 Site Rank
  • Report Card

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5.0. NerdWallet rating. The bottom line: Financial services company and brokerage SoFi gained its bank charter in 2022 and launched a combination checking and savings account. SoFi Bank's ...
  • Safe
  • United States
  • Encrypted
  • 15 yrs old
  • 2,139 Site Rank
  • Report Card

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SoFi members with direct deposit can earn up to 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum direct deposit amount required to qualify for the 4.50% APY for savings. Members without direct deposit will earn up to 1.20% annual percentage yield (APY) on savings ...
  • Safe
  • United States
  • Encrypted
  • 19 yrs old
  • 28 Site Rank
  • Report Card

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You can get high-yield savings with SoFi, earning 4.60% APY if you set up a direct deposit of any amount or deposit at least $5,000 every 30 days. If you don't set up a direct deposit or receive a ...
  • Safe
  • United States
  • Encrypted
  • 26 yrs old
  • 137 Site Rank
  • Report Card

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Also you earn Sofi reward points for basic things that can be redeemed for cash, crypto, stock in investing, etc. #2 Transferring money in-and-out if vaults works is instant within the checking/savings/vault environment. #3 App is easy and great for smartphone users which is almost everyone now. #4 SoFi money allows a Zelle like transfer to ...
  • Safe
  • United States
  • Encrypted
  • 19 yrs old
  • 28 Site Rank
  • Report Card

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