Update 3/27/26: More details here. Goes live 3/31/26. 4.5% APY% on balances up to $20,000. The current best base rate is 4.25%, the additional 0.25% is $50 per year, so it doesn’t cover the $10 monthly fee. Hat tip to the reader sg77
Original post 12/10/25:
The SoFi Plus subscription costs $10 per month and comes with various benefits. Until now it was possible to get the Plus subscription free of charge by direct deposit. However, it appears they are removing this option now in favor of charging everyone $10 per month without exception.
The fine print notes a temporary extension of the free SoFi Plus membership type: “Between 12/9/25–3/30/26, Qualified Direct Deposit or Qualifying Deposit members will receive free access to SoFi Plus.”
This means that old SoFi credit card will now be 2% instead of 2.2%if you don’t want to pay the fee. They have also launched a new SoFi Smart card which earns 5% on Grocery and requires a SoFi Plus membership to qualify.
Note: high interest rate (3.6% at time of writing) it will apparently still be available beyond March 2026 if you have direct deposit, even if you don’t have SoFi Plus, as long as you have an eligible direct deposit or at least $5,000 in eligible deposits every 31 days.
Hat tip to the reader crack
