Are you looking to boost your savings? SoFi is offering a compelling cash bonus for new and existing members who set up direct deposit. If you haven’t previously enrolled in direct deposit with SoFi, now is the perfect time to take advantage of this limited-time offer and earn up to a $1,000 bank bonus.
This Direct Deposit Promotion is valid from December 7, 2023, and runs through December 31, 2024. The cash bonus amount you can receive is based on the total amount of your direct deposits during the promotional period. By simply making qualifying direct deposits of at least $1,000, you become eligible for this lucrative bonus. For full details and terms, you can visit sofi.com/banking.
Beyond the bonus, SoFi Checking and Savings accounts offer attractive Annual Percentage Yields (APY). Members who set up Direct Deposit can earn a competitive 4.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Importantly, there’s no minimum direct deposit amount required to qualify for the high 4.20% savings APY.
Even without direct deposit, SoFi members still benefit from solid rates, earning 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. It’s worth noting that interest rates are variable and can change, with these rates being current as of October 31, 2024. There are also no minimum balance requirements to worry about. You can find more in-depth information on rates at http://www.sofi.com/legal/banking-rate-sheet.
SoFi is a member of FDIC, ensuring your deposits are federally insured. Whether you’re drawn in by the potential $1,000 bank bonus or the high APY rates, SoFi’s offer presents a strong incentive to switch or open a new account and make your money work harder for you. Don’t miss out on this opportunity to boost your financial health with SoFi.
