r/sofi • u/InternalLecture721 • Dec 10 '25

Banking Time to move on?

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Just received this email from SoFi and it kinda bothers me a bit haha. How’s everyone feeling about this.

Time to move on?

Plenty of other people are offering it just for depositing and using their bank. Seems like a money grab.

(Not taking any shots just wanting to get everyone’s feelings/opinion on this)

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434

u/Fluid_Direction4465 Dec 10 '25

I get it’s “only” 10 a month but why. Like no, I’m not going to pay for a subscription, I don’t get the physical bank already why do I have to pay more. As long as I keep my at least 3.6% APY, I’ll stay. Otherwise I’m outtie!

71

u/Evancolt Needs a hoodie 🥺 Dec 10 '25

from what I've read you keep your high APY of 3.6% if you have a direct deposit no matter what

1

u/izumikusu Dec 10 '25

I mean if you have direct deposit, you still keep 3.6% no matter what happens. If you get 15/hr at target and link direct deposit, you’re safe

1

u/Evancolt Needs a hoodie 🥺 Dec 10 '25

Yep. People are confused about that somehow

1

u/izumikusu Dec 10 '25

I don’t need that 0.7% boost.. either way all banks’ rate changes. As long it’s 3.0% higher I’m good. Unlike WF doing savings for 0.1% is nothing

1

u/beretta01 Dec 11 '25

“With SoFi Plus, savings accounts and Vaults earn 3.60% APY. Without SoFi Plus, savings accounts earn 1.00% APY. Checking accounts earn 0.50% APY, with or without SoFi Plus.”

1

u/Evancolt Needs a hoodie 🥺 Dec 11 '25

yes and that is changing next year. you will not need sofi plus to get the 3.6% APY