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 [...]
SoFi members, rejoice: SoFi Checking and Savings is raising the APY (Annual Percentage Yield) on all savings balances for members with direct deposit to 4.30%¹, 11x the national average savings rate². Members with direct deposit will also continue to earn 1.20% APY on checking balances as well¹, 17x the national [...]
SoFi members, get ready to jet set – SoFi Travel¹ is here to make travel planning easier and more affordable than ever before, from booking flights, to hotels to travel experiences, and more. SoFi Travel is powered by Expedia, providing members an easy search and booking experience, all within the [...]
SoFi members – we are thrilled to announce that we will be offering the opportunity to get FDIC insurance up to $2 million on all bank balances¹, through the new SoFi FDIC insured deposit network, increasing from the industry standard $250,000 per account, over the coming days. This increased coverage [...]
SoFi Checking and Savings is raising the savings APY (Annual Percentage Yield) to 4.00%¹ for all direct deposit members, up from 3.75%. Members with direct deposit will now earn 11x² the current national savings average on all of their savings and Vaults balances. For members without direct deposit, all balances [...]
SoFi is excited to share the news: members will now be eligible to earn money on shares they already own with SoFi’s share lending program. Any SoFi Invest member that holds shares in their account, regardless of the number of shares or the dollar value, will be eligible to earn [...]
We know there’s been a lot of conversation surrounding the news about Silicon Valley Bank and, naturally, you may have questions. It’s important for you to know that your money is safe with SoFi. We have a high quality growing deposit base. We have ample cushion to the regulatory required [...]
President Biden recently signed into law the Secure 2.0 Act as part of the Fiscal Year 2023 Omnibus Appropriations Bill. This piece of legislation builds on the Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in 2019. Simply put, the SECURE Act and Secure 2.0 aim to help [...]
