Earlier this year, we announced the launch of a dedicated ESG Committee, which is made up of 10 SoFi stakeholders who represent key areas our organization– including facilities, people, financial reporting, and others – and tasked them with tracking our progress within environmental, social, and governance programs while also collaborating [...]
At SoFi, our mission has always been clear: to help you get your money right. Everything we offer—from investment accounts to member benefits—echoes this mission. However, sometimes this means making changes to our business. After careful consideration, we’ve made the decision to discontinue our crypto services by the end of [...]
The SoFi Credit Card¹ was the first-of-its-kind card that incentivized building healthy financial habits, rewarding you for paying off your balance in full each month and charging zero annual fees², as well earning an unlimited 2% cash back rewards on your purchases³ -just extra cash back rewards in your wallet [...]
SoFi is determined to help you get your money right, now and in the future. To help you reach your retirement goals faster, SoFi Invest¹ is reimagining IRAs by offering a 1% IRA Match on all eligible contributions². That means you’ll get a match of 1% on every eligible dollar [...]
Midway through a confusing and at times turbulent 2023, many investors are questioning how they should proceed with their investment strategy. But in this chaotic environment, what are investors expecting, where are they putting their money, where are they turning for ideas and education, and how is each investor’s age [...]
Many organizations are gearing up to help their employees with the challenge of what’s sometimes called the student loan repayment cliff. On October 1, 2023, some 40 million borrowers will be facing the return of monthly student loan bills after a three-year pause. Knowing the importance of helping employees have [...]
SoFi Checking and Savings is raising the savings APY (Annual Percentage Yield) to 4.40%¹ for all members with direct deposit, up from 4.30%. Members with direct deposit will now earn 10x² the current national average savings rate on all their savings and Vaults balances. As of today, SoFi checking balances [...]
SoFi Invest¹ has made investing more accessible and cost-effective since launching in 2019, and starting today, it will now be simpler than ever to invest wherever you are. Over the coming weeks, SoFi Invest members will see a bevy of design updates to make investing your money, reviewing your portfolio, [...]
Editor's Note: Since the writing of this article, President Biden signed the debt ceiling bill on June 3rd, ending the federal student loan payment pause on Aug 30th, or “60 days after June 30th.” Later this month, the Supreme Court will decide whether the Biden-Harris Administration’s Student Debt Relief Program [...]
