SoFi increased the APY rate on savings balances above $20,000 for SoFi Plus members from 3.10% to 3.30%. This means the tiered rate structure now ranges from 3.30% to 4.50% depending on balance size, rather than 3.10% to 4.50%. The change also applies to non-Plus members with eligible direct deposits or qualifying deposits, who now earn 3.30% instead of 3.10% on all savings balances.
The updated terms increase the interest rate paid on SoFi Savings balances above $20,000 from 3.10% APY to 3.30% APY for SoFi Plus members. This change also applies to non-Plus members who maintain eligible direct deposits or $5,000 in qualifying deposits. The tiered-rate structure remains the same; only the lower tier rate has increased.
APY on balances above $20,000 increased from 3.10% to 3.30%
This change record describes what was added, removed, or modified in the document. Analysis reflects what the updated agreement states or permits. It does not constitute a legal determination about enforceability. Applicability may vary by jurisdiction. Methodology
Wording edits to this record that do not change what it claims. Changes to a claim are published as corrections.
This change is a rate adjustment to deposit account terms and does not create new compliance obligations. SoFi has updated the disclosed APY rates in its terms of service to reflect current product offerings. No …
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Unlock the full institutional analysis — InsightConductAtlas provides verified policy intelligence sourced directly from platform documents. All analysis is intended to support, not replace, legal and compliance review. Record CA-X-005232.
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