Core Points - SoFi offers a high annual percentage yield (APY) of up to 3.80% on savings balances for members who enroll in SoFi Plus with Eligible Direct Deposit or maintain $5,000 or more in Qualifying Deposits during a 30-Day Evaluation Period [1][2] - Members without SoFi Plus or Qualifying Deposits will earn a lower APY of 1.00% on savings balances and 0.50% on checking balances [1][2] - The interest rates are variable and subject to change at any time, with the current rates effective as of January 24, 2025 [1][2] Additional Information - There is no minimum balance requirement to open an account or to earn interest [2][3] - Members are encouraged to contact customer service if they meet the requirements for the highest APY but do not see it reflected in their account [1][2] - Further details can be found on SoFi's official website, including terms and conditions for SoFi Plus [1][2][4]