The Good
- High APY on Savings
- Free with Direct Deposit
- Unlimited Financial Planning
- Investing Perks
- Boosted Credit Card Rewards
- Loan Discounts
- Exclusive Experiences
- Estate & Privacy Discounts
- All-in-One Financial Hub
High APY on Savings
Up to 3.80% APY, with promotional boosts as high as 4.50%.
Free with Direct Deposit
No membership fee if you set up Direct Deposit (Otherwise $10/month¹⁷).
Unlimited Financial Planning
Access to Certified Financial Planners at no extra cost.
Investing Perks
1% match on recurring deposits and preferred IPO access.
Boosted Credit Card Rewards
10% cashback boost and extra travel rewards.
Loan Discounts
Lower rates on personal loans, student loan refinancing, and mortgage savings.
Exclusive Experiences
Member-only stadium benefits and SoFi-hosted events.
Estate & Privacy Discounts
Savings on Trust & Will and HelloPrivacy services.
All-in-One Financial Hub
Banking, investing, planning, and credit tools in one app.
The Bad
- Ecosystem-Dependent Rewards
- No Premium Travel Perks
- APY Subject to Change
- Newer Program
Ecosystem-Dependent Rewards
Best perks and cashback value only apply when used within SoFi products.
No Premium Travel Perks
Missing luxury travel benefits common with premium cards/memberships.
APY Subject to Change
Promotional savings rates can fluctuate over time.
Newer Program
Some perks and partnerships are limited compared to more established memberships.
Disclosure
- Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org).
- INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE
- SoFi Plus: Terms and conditions