Old version
August 1, 2026 00:24 UTC
f0e3670beb030e4b474cc5ba2d10f5c9b8dac62668d5a91894b3a84e649db66f
CA-V-005417
New version
August 4, 2026 00:23 UTC
7e0f2e9b2de1694fbf1f85843c246310435d0d085e39fd8217749a864683f354
CA-V-005486
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Change Summary
SoFi revised its SoFi Plus savings account interest structure, effective August 3, 2026. Previously, the terms listed a flat 3.10% APY rate applying to portions of savings balances that did not earn the higher 4.50% APY. The updated language now specifies that SoFi Plus members receive their highest APY rate on up to $20,000 in tiered-rate Savings account balances (including Vault-held amounts), with detailed mechanics explaining how incremental interest is calculated and credited. The practical effect is that eligible members may earn a higher blended interest rate across their first $20,000 in savings compared to the prior rate structure.
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528SoFi Plus Last Updated: July 31, 2026 (a) What is SoFi Plus?528SoFi Plus Last Updated: August 3, 2026 (a) What is SoFi Plus?
583These determinations are made on an ongoing basis, and the rates applicable to your accounts may change if accounts are opened or closed. 3.10% : A 3.10% applies to the portion of SoFi Plus Savings balances that do not earn 4.50% APY across both individual and joint SoFi Savings accounts.583These determinations are made on an ongoing basis, and the rates applicable to your accounts may change if accounts are opened or closed.
584SoFi Plus members: As a SoFi Plus member, your highest APY applies to up to $20,000 in your tiered-rate Savings account, including balances held in Vaults.
585Here’s how that works: ◦ The extra interest you earn from your highest APY — the difference between that rate and the rate that otherwise applies to your other Savings balances — is called incremental interest. ◦ Incremental interest is always credited to your Savings account, even if some or all of the balance that earned it is held in one or more Vaults. ◦ Interest earned on all other balances is credited to the Savings account or Vault where that balance is held. ◦ See the SoFi Bank Rate Sheet for the current rates on your accounts. 3.10% : A 3.10% applies to the portion of SoFi Plus Savings balances that do not earn 4.50% APY across both individual and joint SoFi Savings accounts.
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