SoFi offers $400 bonus and 70-basis-point savings boost for direct deposit users
New SoFi Checking and Savings account holders can earn a welcome bonus of $50 or $400 and a 0.70% APY boost on their savings. To qualify, users must open a first SoFi account and receive eligible direct deposits or qualifying deposits of $5,000 every 31 days by 12/31/26. The 0.70% APY boost is added to the 3.30% APY as of 3/31/26. This results in a savings rate of up to 4.00% APY for up to 6 months. These earnings are taxable and amounts over $10 may be reported on a 1099-INT.
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