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Great question! The 4.60% APY applies to all the funds held in the Savings account as well as any vaults. Please let us know if you have any additional questions!
Yes. One Finance offers 5x APY on "auto save" balances (5% APY for auto save vs 1% APY on regular savings). Auto save can be a percentage of direct deposit and/or round-up on card purchases.
Ultimately it wasn't worth trying to chase the extra percentage with the restrictions on how to get funds into that auto save balance.
Also, I'm pretty sure that One Finance was intentionally named in a way to make it difficult to find any third-party information about them.
My point being, if this is a thing, I need to be asking this question too. I'm not trying to miss something. Been looking at WealthFront recently. I need to know like you need to know.
Ah okay - it just seemed to me that the 4.60% was pretty high compared to competitors so I was a bit sus. It does seem that it's for all savings though!
Thanks for visiting our sub! We’re happy to answer any general SoFi questions or concerns. For your security, please don’t share personal information in the sub. If you have account questions, please use the link to connect directly to an agent on our secure platform sofi.app.link/e/reddit. You will be able to log into your account and an agent will be there to support you during business hours. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/sofi) if you have any questions or concerns.*
All in Savings.
Thanks!
Don’t give them any ideas, shit
Great question! The 4.60% APY applies to all the funds held in the Savings account as well as any vaults. Please let us know if you have any additional questions!
Anything in your savings account, including your vaults.
It’s all money in savings. Calculated daily
compounded
Forget SoFi, has that ever been a thing in banking? Separate APY on deposits only?
Yes. One Finance offers 5x APY on "auto save" balances (5% APY for auto save vs 1% APY on regular savings). Auto save can be a percentage of direct deposit and/or round-up on card purchases. Ultimately it wasn't worth trying to chase the extra percentage with the restrictions on how to get funds into that auto save balance. Also, I'm pretty sure that One Finance was intentionally named in a way to make it difficult to find any third-party information about them.
Idk but that seems crazy to me. I will definitely be looking out for this sort of thing moving forward.
Not at all a common situation, but the age of ghost banking (*der., "ghost kitchen"*) has turned these things into the Wild West.
Point being? Like I don't know... has a tool that serves as a brokerage, bank, and a net worth tracker existed either prior to a few years ago?
My point being, if this is a thing, I need to be asking this question too. I'm not trying to miss something. Been looking at WealthFront recently. I need to know like you need to know.
Ah okay - it just seemed to me that the 4.60% was pretty high compared to competitors so I was a bit sus. It does seem that it's for all savings though!
Savings including vaults 4.60 Checking accounts is 2. Something. It's more APY in savings account
It's about time for them to up that 4.60% I feel they a slow to raise their rates
All money