Frequently Asked Questions
Existing Member Boost Promo
How do I qualify for the 6-month APY Boost?
To qualify, you must be an invited SoFi member who received a targeted email for this Promotion. During the Promotion Period (3/2/2026 at 12:00 a.m. ET through 5/1/2026 at 11:59 p.m. ET), you must complete a single qualifying transaction of $10,000 or more into your individual SoFi Checking or Savings account.
Once your qualifying transaction posts, you’ll begin earning a 0.70% APY Boost on your eligible SoFi Savings account, for up to six months, provided you continue to meet the Boost Maintenance Activity requirements.
Which “Qualifying Transaction” deposit types are eligible?
A Qualifying Transaction is a single deposit of $10,000 or more into your individual SoFi Checking or Savings account from an external source using one of the following methods:
• ACH transfers
• Inbound wire transfers
• Mobile check deposits
The following are not considered Qualifying Transactions:
• Transfers between your SoFi Checking, SoFi Savings, Vaults, or SoFi Invest accounts
• Peer-to-peer transfers (including PayPal, Venmo, or transfers from another SoFi member)
• Interest payments or bonuses
• Credits, reversals, or refunds
• Instant funding or push payments to your SoFi debit card
• Cash deposits
SoFi determines whether a transaction qualifies for purposes of this Promotion.
Who is eligible for the Promotion?
This Promotion is available by invitation only. It is open to existing individual SoFi Checking and Savings members who received a targeted promotional email from SoFi. Members who did not receive a direct communication from SoFi are not eligible.
Do I need to do anything after I make my Qualifying Transaction?
Yes. To continue earning the 0.70% APY Boost throughout the six-month Boost Period, you must satisfy a Boost Maintenance Activity every 31 days. You can do this by either:
• Receiving an eligible direct deposit into your SoFi Checking or Savings account, or
• Receiving $5,000 in qualifying deposits into your SoFi Checking or Savings account
If you do not meet one of these requirements during a given period, your rate will revert to the standard variable rate. You may regain the APY Boost by again satisfying a Boost Maintenance Activity during the remaining Boost Period.
When will I start earning the APY Boost?
After your single Qualifying Transaction of $10,000 or more posts to your account, you’ll begin earning the 0.70% APY Boost on your eligible Savings account by the next business day, provided all promotion requirements are met.
How long will I earn the APY Boost?
The Boost Period begins on the date you first start earning the 0.70% APY Boost and lasts for six (6) months. You will continue earning the Boost during this period as long as you meet the Boost Maintenance Activity requirements each month.
What happens if I don’t meet the Boost Maintenance Activity?
If you fail to meet the Boost Maintenance Activity during any part of the Boost Period, your APY will revert to SoFi’s then-current variable rate. You may resume earning the 0.70% APY Boost for the remainder of the Boost Period once you again satisfy the Boost Maintenance Activity.
What happens after the 6-month Boost Period ends?
After the Boost Period ends, your Savings account APY will return to SoFi’s then-current variable rate as listed on the SoFi Bank Rate Sheet. No action is required on your part.
Are there any additional important terms I should know?
• The 0.70% APY Boost cannot be combined with other promotional rates
• The Boost applies only to one individual SoFi Savings account per member
• Rates are variable and subject to change
• There is no minimum balance requirement, but fees may reduce earnings
• SoFi may modify or end the Promotion at any time
Terms and Conditions
Invited SoFi Members can earn up to 4.00% Annual Percentage Yield (APY) with a limited-time 0.70% APY Boost to the current Savings APY of 3.30% (rate current as of 12/23/25). Rates are variable and subject to change.
SoFi Targeted Balances APY Boost Promotion Terms
The following terms and conditions (the “Terms”) apply to the SoFi Targeted Balances APY Boost Promotion (the “Promotion”), which allows Eligible Members (as defined below) to receive a 0.70% annual percentage yield (“APY”) boost to the APY earned on their individual SoFi Savings account (the “0.70% APY Boost”) for up to six months by completing the required actions described below.
Promotion Period:
3/2/2026 at 12:00 a.m. E.T. – 5/1/2026 at 11:59 p.m. E.T.
Who is eligible for the Promotion?
This Promotion is available by invitation only. It is open to existing individual SoFi Checking and Savings members who have received a targeted e-mail invitation for this Promotion (“Eligible Members”) from SoFi. Members who did not receive a direct promotional communication from SoFi for this offer are not eligible.
What qualifying activities do I need to complete to earn the 0.70% APY Boost?
In order to receive the 0.70% APY Boost, you must make a single Qualifying Transaction (as defined below) of $10,000 or more into your SoFi Checking or Savings account. The Qualifying Transaction must be received by SoFi and post to your account no later than 5/1/2026 at 11:59 PM ET.
In order to continue to earn the 0.70% APY Boost for the six-month Boost Period (as defined below), you must satisfy the Boost Maintenance Activity (as defined below) for the duration of the Boost Period.
What is a “Qualifying Transaction” Qualifying Transaction?
Qualifying Transaction means a single deposit into your SoFi Checking or Savings account from an external source via one of the following eligible methods: (i) ACH transfers (ii) inbound wire transfers, and (iii) mobile check deposits.
Qualifying Transactions DO NOT include: (i) transfers between an account holder’s SoFi Checking account, SoFi Savings account, Vaults and/or SoFi Invest accounts; (ii) peer-to-peer transfers (i.e., external transfers from PayPal, Venmo, etc. and internal peer-to-peer transfers from a SoFi account belonging to another account holder); (iii) interest payments; (iv) bonuses issued by SoFi Bank or its affiliates; (v) credits, reversals, and refunds from SoFi Bank or from a merchant; (vi) instant funding to your SoFi Bank Debit Card; (vii) push payments to your SoFi Bank Debit Card; and (viii) cash deposits. SoFi shall, in its sole discretion, determine whether a transaction meets the definition of “Qualifying Transaction” for purposes of this Promotion.
What is a “Boost Maintenance Activity”?
Boost Maintenance Activity means satisfying one of the following requirements:
• Receive an Eligible Direct Deposit into your SoFi Checking and Savings account every 31 days; OR
• Receive $5,000 in Qualifying Deposits into your SoFi Checking and Savings account every 31 days.
When will I begin earning the 0.70% APY Boost?
Once you have completed all qualifying activities described above, you will begin receiving the 0.70% APY Boost on your individual Savings account by the following business day after your single Qualifying Transaction posts to your account.
How long will I earn the 0.70% APY Boost?
The Boost Period begins on the date you first begin earning the 0.70% APY Boost and ends six (6) months from that date. You will earn the 0.70% APY Boost for the Boost Period, provided you satisfy a Boost Maintenance Activity for each month of the six (6) month Boost Period. If at any time during the Boost Period you do not satisfy the Boost Maintenance Activity, you will not earn the 0.70% APY Boost for that period and your rate will revert to the standard rate set forth on the SoFi Bank Rate Sheet at https://www.sofi.com/legal/banking-rate-sheet. You may regain the 0.70% APY Boost for the remainder of the Boost Period by again satisfying the Boost Maintenance Activity.
Additional Important Terms:
The 0.70% APY Boost may not be combined with other promotional rates and may not be earned on joint SoFi Checking and Savings accounts. Promotion is non-transferable and limited to one 0.70% APY Boost per member.
Each SoFi member may receive the 0.70% APY Boost on only one individual Savings account. If a member has multiple SoFi Savings accounts, including both an individual and a joint SoFi Savings account, the 0.70% APY Boost will be applied to the member’s individual SoFi Savings account and will not be applied to more than one account. If an eligible member makes a Qualifying Transaction into a joint Checking or Savings account, the 0.70% APY Boost, if earned, will be applied to the member’s individual Savings account, not the joint Savings account.
SoFi reserves the right to exclude any members from participating in this Promotion for any reason, such as suspected fraud, misuse, or suspicious activity. SoFi also reserves the right to modify, suspend, or terminate the Promotion at any time without notice. Standard rates are variable and subject to change at any time. There is no minimum balance requirement. Fees may reduce earnings For current rates and additional disclosures, please see: https://www.sofi.com/legal/banking-rate-sheet.
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