Old version
May 28, 2026 00:11 UTC
1e6999232567cb20c18933dfb8dac17cecd00d788106499e9da945a8d08e0f89
CA-V-003058
New version
May 29, 2026 00:12 UTC
3e68a47541977bce5872ccae840c72bfb25b9ecaa07d5d9741681b287b353c80
CA-V-003094
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Change Summary
SoFi reduced the interest rate on SoFi Plus Savings balances exceeding $20,000 from 3.30% APY to 3.10% APY, effective May 28, 2026. The tiered rate structure remains unchanged (4.50% on balances up to $20,000), but the secondary tier now yields 20 basis points less annually. SoFi Plus members and non-members with Direct Deposit or $5,000 in Qualifying Deposits both see this rate reduction applied to applicable balances.
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488SoFi Plus Last Updated: May 18, 2026 (a) What is SoFi Plus?488SoFi Plus Last Updated: May 28, 2026 (a) What is SoFi Plus?
530(i) 4.50% Annual Percentage Yield (APY) on SoFi Savings balances up to $20,000 and 3.30% APY on all other Savings balances (the “SoFi Plus APY”): For SoFi Plus members, SoFi Savings is a tiered-rate account.530(i) 4.50% Annual Percentage Yield (APY) on SoFi Savings balances up to $20,000 and 3.10% APY on all other Savings balances (the “SoFi Plus APY”): For SoFi Plus members, SoFi Savings is a tiered-rate account.
537These determinations are made on an ongoing basis, and the rates applicable to your accounts may change if accounts are opened or closed. 3.30% APY: A 3.30% APY applies to the portion of SoFi Plus Savings balances that do not earn 4.50% APY across both individual and joint SoFi Savings accounts.537These determinations are made on an ongoing basis, and the rates applicable to your accounts may change if accounts are opened or closed. 3.10% APY : A 3.10% APY applies to the portion of SoFi Plus Savings balances that do not earn 4.50% APY across both individual and joint SoFi Savings accounts.
538As a result, the APY on your entire balance will range from 3.30% to 4.50%, depending on your total balance.538As a result, the APY on your entire balance will range from 3.10% APY to 4.50%, depending on your total balance.
539Direct Deposit or Qualifying Deposit account holders: An APY of 3.30% on all Savings balances is available to account holders with Eligible Direct Deposit or $5,000 in Qualifying Deposits, as defined in the SoFi Bank Rate Sheet, whether or not you subscribe to SoFi Plus. • Interaction with Other Promotions: Promotional APY boost offers cannot be combined on the same balances earning the 4.50% APY.539Direct Deposit or Qualifying Deposit account holders: An APY of 3.10% APY on all Savings balances is available to account holders with Eligible Direct Deposit or $5,000 in Qualifying Deposits, as defined in the SoFi Bank Rate Sheet, whether or not you subscribe to SoFi Plus. • Interaction with Other Promotions: Promotional APY boost offers cannot be combined on the same balances earning the 4.50% APY.
548Rates are current as of 3/31/2026.548Rates are current as of 5/28/2026.
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