SoFi Checking & Savings: $700 Bonus & Up to 3.80% APY!
SoFi's Checking and Savings account offers a lucrative bonus opportunity alongside competitive interest rates. Currently, the promotion boasts a potential $700 bonus, achievable by combining SoFi's $300 offer with additional bonuses from partners like Rakuten (up to $375) or InboxDollars ($325). The bonus structure from SoFi itself is tiered, with $50 awarded for $1,000-$4,999 in qualifying direct deposits within 30 days, and the full $300 for $5,000 or more. Qualifying direct deposits are specifically defined as those from employers, payroll, or benefits providers via ACH transfer; other deposit methods do not qualify. Referral bonuses add an extra $25. Interest rates are variable, reaching up to 3.80% APY for those with direct deposit and 1.00% APY without. The account replaces the previous SoFi Money account and offers no balance caps or limits on interest-earning. While the $700 bonus represents a high-value offer, past promotions have also included partnerships with Swagbucks and MyPoints, offering varying bonus amounts. The article emphasizes that bank bonuses like this can be a useful way to boost income, but readers are encouraged to explore all available options and understand the terms and conditions before participating. Remember to factor in potential fees and account closing penalties, which remain unclear in the source text. The offer's availability is nationwide, but expiration dates have varied in the past, so timely action is advised.
(Source: https://dannydealguru.com/sofi-checking-savings-250-bonus/)
