Bank sign-up bonusesbeta

Sign-up bonus

Offer

Up to $400 after $5,000 in eligible direct deposits

Amount

$400

Minimum deposit

$5,000

Deposit window

25 days

Starts

May 15, 2026

Ends

Dec 31, 2026 53d

Verified Oct 24, 2026 · issuer page

Interest

APY

3.30%

Rate type

boosted

Notes

3.30% APY on savings balances with Eligible Direct Deposit activity (product-page disclosure, rates current as of 10/20/26; no minimum balance; variable, fees may reduce earnings). Limited-time +1.10% boost for 6 months on new accounts set up with Eligible Direct Deposit OR $5,000 in Qualifying Deposits every 31 days, advertised at https://www.sofi.com/banking/ (display sum 4.40%; bump persists if the base APY changes; promotion runs through 12/31/27). Checking pays 0.50% APY with eligible direct deposits. Checking-account page shows tiered bonus: $50 for $1,000-$4,999.99 in eligible direct deposit, $400 for $5,000+.

Boost

+1.10% for 6 months — New account set up with Eligible Direct Deposit OR $5,000 in Qualifying Deposits every 31 days; boost maintained while recurring Eligible Direct Deposit or $5,000 Qualifying Deposits every 31 days continue

Verified Oct 24, 2026 · issuer page

Fees & limits

Annual fee

—

Monthly fee

None

Waiver balance

—

Withdrawal limit

—

FDIC insured

Yes

To qualify

1. First Eligible Direct Deposit must be received by 12/31/26 (promotion runs 5/15/26–12/31/26)
2. Accumulate $5,000+ in Eligible Direct Deposits within 25 calendar days of your first Eligible Direct Deposit of $1 or more ($1,000+ earns $50)
3. Keep a SoFi Checking account open and in good standing through bonus payment (credited within 7 business days)

Availability

Nationwide

Apply at SoFi ↗