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SoFi’s joint checking account automatically takes the next step in sharing finances: You also open a joint savings account at the same time. The checking account pays 0.50 percent APY – a very ...
Joint accounts often have double the FDIC insurance limit of individual accounts. This means your money is protected up to $500,000, instead of the standard $250,000 for individual accounts.
SoFi also offers a good checking account bonus of up to $300. To qualify, you’ll need to have a total of at least $5,000 in direct deposits within the first 25 days of having your account.
SoFi Technologies, Inc. (abbreviated as SoFi) is an American personal finance and financial technology company. [3] Founded in 2011 at Stanford University, [4] [5] it operates as a direct bank and supports other financial institutions through its technology platform. [6] [7] [8] As of 2024, SoFi reports 10.1 million customers and 168 million ...
Individual and joint accounts are available, which is rare among online banking accounts. To open a SoFi Money account: Become a SoFi member by creating an account online or through the app with ...
SoFi is a bank that offers a combination checking and savings account paying out up to 3.80% APY with direct deposits without monthly account ... The best bank for joint accounts will have low ...
For example, my SoFi HYSA moved its APY to 3.80% from 4.00% in January 2025, ... Still, joint account holders are responsible for each other’s financial decisions, which could provide room to ...
With joint accounts, the FDIC insurance covers up to $250,000 per co-owner — or $500,000. However, this limit applies to all joint accounts that you share at a bank. ... SoFi. Accessed July 30 ...