A common concern with "no minimum balance" accounts is whether they offer competitive interest rates. SoFi’s structure is distinct in this regard:
What are the benefits of banking with SoFi? * Earn 3.30% APY on your savings & Vaults balances and 0.50% APY on your checking bala... SoFi Student Checking and Savings Offer - No Monthly Fees - SoFi You can view the end date of your current 31-day period, based on your most recent deposit activity, by visiting the APY details p... SoFi SoFi Bank Fees - No Monthly Fees, Transparent Pricing ALSO OF INTEREST * Best Online Bank Award. * Secure Banking Features: SoFi Account... * Open a Checking Account Online - No Deposi... SoFi What’s the minimum amount to invest? - SoFi Jul 16, 2025 — does sofi have minimum balance
But the base accounts themselves have .
However, note that for (their premium tier with extra perks like 0.50% higher APY on savings), you need either: A common concern with "no minimum balance" accounts
While there are no minimums for basic banking, fee-free overdraft coverage (up to $50) requires at least $1,000 in monthly direct deposits . Investment and Credit Limits SoFi Student Checking and Savings Offer - No
To unlock the highest APY (currently up to 4.00% or 4.50% with boosts), you must either set up of any amount or deposit at least $5,000 every 31 days . Without these, the rate typically drops to 1.00% or 1.20%.