SoFi Checking & Savings: $700 Bonus!
SoFi's Checking and Savings account offers a lucrative bonus opportunity, reaching up to $700 with various promotional partnerships. The base bonus from SoFi is $300 for qualifying direct deposits of $5,000 or more within 30 days. An additional $25 is available via referral links, boosting the potential earnings. However, the highest bonuses are achieved by combining SoFi's offer with promotions from cashback platforms like Rakuten, InboxDollars, and MyPoints. These partnerships have historically offered bonuses ranging from $250 to $400, significantly increasing the overall reward. For example, a recent Rakuten promotion offered a $375 bonus, resulting in a total of $700 when combined with SoFi's and the referral bonus. The interest rate on SoFi's Checking and Savings account is competitive, reaching up to 3.80% APY with direct deposit, and 1.20% APY without. While the article highlights the potential for substantial earnings, it's crucial to carefully review the terms and conditions of each promotion. Qualifying direct deposits are specifically defined as those from employers, payroll, or benefits providers via ACH deposit. Other deposit methods do not qualify. The article also mentions a previous higher bonus of $725, emphasizing the fluctuating nature of these promotional offers. Readers are encouraged to check the latest promotions on the SoFi and partner websites before opening an account. Finally, the article emphasizes the importance of checking for updated bonus amounts and expiration dates, as these promotions frequently change.
(Source: https://dannydealguru.com/sofi-checking-savings-250-bonus/)
