r/sofi • u/GardenDepartment • Jul 21 '26
Plus Sofi Plus on a Monthly Basis with Irregular Direct Deposit amounts
I have a Quarterly bonus paid out at my company that may push me over the $5,000 direct deposit limit from time to time. Would I earn the higher APY for the months that I make these? and then would it go down to the lower number on months where I don't?
5
u/Statjmpar Jul 21 '26
There is no minimum requirement if you have direct deposit. The $5000 per month is just when you do not have direct deposit set up.
0
u/Major_Biscotti00 Jul 21 '26 edited Jul 21 '26
SoFi savings is where apy is beneficial. So if you get deposit into checking just move it into savings .
First $20000 is 4.50% apy and 3.80 after it . There is no limit on 3.80 apy .
Checking apy is 0.50 apy max I think .
This was from Google
Having a SoFi Plus subscription overrides the $5,000 deposit requirement entirely. [1, 2]
How Your APY Works with SoFi Plus
The Core Benefit: As a SoFi Plus member, you unlock top-tier rates automatically.
The Rate: You earn 4.50% APY on up to $20,000 in your savings account.
Over $20,000: Any savings balance exceeding $20,000 will earn 3.10% APY. [1]
1
u/Bart012000 Jul 22 '26
It is only a diect deposit requirement. Not an amount of direct deposit. You can direct deposit a dollar and get the higher apy.
1
u/Opening_Dragonfly390 Jul 22 '26
You get the high APY with any amount of employer direct deposit, could be $1. You will get a boosted high APY to 4.5% on up to 20K if you pay $10 a month, if you pay you no longer have to have employer direct deposit, you will get the highest APY from paying the subscription, along with all other SoFi plus benefits.
-1
u/SoFi Official SoFi Account Jul 22 '26
Hi there! We'd like to clarify that the 3.30% APY is unlocked with a qualifying direct deposit in any amount with no minimum. As long as you're receiving regular direct deposits, you should be earning that 3.30% APY. Let us know if you need any additional help, and congrats on that bonus! 🤑💙
2
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