SoFi raises checking interest rates again to 2%

Quick update: SoFi has raised interest rates again to 2.00%. I checked their website and found this sentence in the disclaimers:

SoFi members with direct deposit can earn up to 2.00% annual percentage yield (APY) interest on all account balances in their Checking and Savings accounts (including Vaults).


That means there are no deposit limits. Amazing. I checked a competitor, Chime. They are offering up to 1.00% on savings only. SoFi offering 2.00% on Checkings is something I continue to not see elsewhere.

Warmest regards,


Published by smilingdad

My story is one of tragedy and redemption. We've made many mistakes along the way regarding our money. Our goal here is to show you how to take care of your money life long, and as much as we can, help the Earth along the way. I call it sustainable personal finance and ethical capitalism. Currently, I am a part time writer for Cleantechnica and part-time licensed financial professional, along with being a full-time dad.

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