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Message
Sofi Checking Account
Posted on 10/31/22 at 8:39 am
Posted on 10/31/22 at 8:39 am
Any downsides to it for any of you that have it?
2.5% apy on both checking and savings. No minimum balance, just have to have direct deposit. Free debit card and checks. Plenty of free All point ATMs if you need cash. 250 sign up bonus.
Anything I'm missing?
Is there another option that's better I don't know about that pays an APY on checking that good?
2.5% apy on both checking and savings. No minimum balance, just have to have direct deposit. Free debit card and checks. Plenty of free All point ATMs if you need cash. 250 sign up bonus.
Anything I'm missing?
Is there another option that's better I don't know about that pays an APY on checking that good?
This post was edited on 10/31/22 at 8:39 am
2
Posted on 10/31/22 at 9:15 am to NATidefan
I have it. No wire transfers which seems to only be an issue when I want to buy a house. I have my old checking account to handle that.
Otherwise been working fine for me for 3/4 years.
Otherwise been working fine for me for 3/4 years.
Posted on 10/31/22 at 9:32 am to Teddy Ruxpin
Ok thanks, I have another account I could use for that and cashiers checks.
This post was edited on 10/31/22 at 9:38 am
Posted on 10/31/22 at 10:21 am to NATidefan
APY is now 3%. Just got the email
Posted on 10/31/22 at 10:22 am to NATidefan
quote:
2.5% apy on both checking and savings.
just got a message that savings and vaults are getting bumped to 3 percent APY. checking is staying at 2.5
Posted on 10/31/22 at 10:28 am to Bunsbert Montcroff
Weird. Didn't read close enough. I guess I'll have to start caring q bit more about where I carry my balances.
Posted on 10/31/22 at 12:03 pm to Teddy Ruxpin
Ok, cool, definitely looks loke I'll be switching soon.
Posted on 11/1/22 at 12:26 pm to Bunsbert Montcroff
Cap One and couple others also up to 3% on Savings
Posted on 11/1/22 at 12:32 pm to PUB
quote:
Cap One and couple others also up to 3% on Savings
Yeah, I was looking at cap one as well. But the 2.5% on checking and 3.00% with only needing to direct deposit is pretty nice. Especially with no mins for it or cap one.
I may set up a cap one as well and just move money back and forth in savings with whoever has the highest rate. I'm probably going to do a cap one anyway for my son cause he isn't old enough for SoFI, but he could get a joint with me in cap one and they offer a teen checking account he will be needing soon.
Posted on 11/1/22 at 2:19 pm to NATidefan
Good ideas on this topic.
JPMorgan gives close to NOTHING in interest on checking and savings
JPMorgan gives close to NOTHING in interest on checking and savings
Posted on 11/1/22 at 2:31 pm to PUB
Yeah, my current brick and mortar bank I use for checking gives basically nothing on either as well. I have an ally account I use that does ok on savings, but does nothing for checking.
About to ditch the brick and mortar. Will probably keep Ally and may set up cap one cause of some benefits they have. Use Sofi for my main. Move savings money around based on highest rates.
About to ditch the brick and mortar. Will probably keep Ally and may set up cap one cause of some benefits they have. Use Sofi for my main. Move savings money around based on highest rates.
Posted on 11/1/22 at 4:23 pm to NATidefan
SOFI actually killed earnings too. Stock is sitting around book value if that peaks your interest.
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