Automatic savings

Put your savings on autopilot.

Saving money becomes second nature with SoFi Checking and Savings. Set automatic savings goals with Vaults and use Roundups to keep the change when you spend. The best part? There are no account fees or minimum deposits.

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Automatic savings your way.

Our Autopilot features give you lots of ways to save—without having to think about it.

Roundups

With Roundups, every time you use your SoFi debit card, we’ll round the purchase amount up to the nearest dollar and add the difference to the savings Vault you prefer.

Recurring transfers

Set up recurring transfers from an external account or between your SoFi accounts. It's one less thing to think about.

AutoSave for paychecks

Automatically send a portion of your paycheck into your savings or a specific Vault.

You have savings goals. SoFi Checking and Savings has Vaults.

Savings Vaults make it easy to set aside money for individual goals within your larger savings account. Create a Vault (or up to 20!) to set money aside for a new home, a vacation, or just a rainy day. Track your progress, set up recurring monthly deposits, and pay zero account fees or minimum balance fees.

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Turn cents into automatic savings with Roundups.

Spend on your SoFi debit card and we’ll automatically round up every purchase to the nearest dollar and transfer it to one of your Vaults. It’s the easiest way to save without even thinking about it.

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Set it, forget it, and watch your savings grow.

With SoFi Checking and Savings, meeting your financial goals doesn’t have to be stressful. Automatic savings options like recurring transfers and automatic paycheck deposits mean you can focus on the present while still building towards the future.

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All that and then some.

Not only does SoFi supercharge your savings with 9x the national savings account rate,¹ it also has no account fees^{^} and offers access to your paycheck up to 2 days early² with direct deposit.

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FAQs

Vaults are sections of your savings that you create to earmark money for goals, an emergency fund, or just a rainy day—while still earning the same interest rate on all your money.

You can currently have up to 20 Vaults at a time.

No, Vaults have zero fees and no minimums. It’s all part of our goal to make SoFi a great way to spend and save.

Roundups are a way to help you save automatically—every time you spend using your SoFi debit card. When you turn on Roundups, each purchase on your SoFi debit card will be rounded up to the next whole dollar. That amount will automatically be transferred from your spending balance to the Vault you prefer.

For example, we'd round up a $1.40 purchase on your SoFi debit card to $2.00 and transfer the $0.60 difference to your Emergency Fund Vault. Purchases in whole dollar amounts, like $5.00, won't be eligible for Roundups.

You can change your Roundup settings at any time by going to your SoFi Checking and Savings account, clicking Vaults, and clicking the Manage Roundups link.

Currently, Roundups can only be applied to one Vault at a time. We know that many members want ways to save even faster, so look for more options coming later this year.

Roundups occur when a debit card purchase settles in your account. Some purchases settle immediately, others may take 1-3 days to settle, and may have a different final amount (for example, purchases with a tip).

Yes! Just log into your account then select the source, amount, and frequency of the transfer. It’s that easy.

Setting up AutoSave only takes a few seconds. Simply set a specific dollar amount or percentage of your paycheck you’d like to save. Then, we’ll automatically transfer that amount to your savings Vault every time you get paid.