SoFi raises savings rate to 1.8%

Quick update. Thanks for your patience as I was out of country for a month seeing relatives.

SoFi has boosted their checking and savings rates to 1.8%. I look for other banks to match them. If someone offers better on either let me know. It’s a small amount, especially as loans rates increase for mortgages, cars, and credit cards with no rate limit. Nevertheless, it’s better than getting 0.05% as most banks are giving, especially with high inflation. If there are dollar limits, I’ll check and update here.

Lots to cover on markets, Inflation Reduction Act, solar panel update, and our house design in the coming days.

Warmest regards,


Published by smilingdad

My story is one of tragedy and redemption. We've made many mistakes along the way regarding our money. Our goal here is to show you how to take care of your money life long, and as much as we can, help the Earth along the way. I call it sustainable personal finance and ethical capitalism. Currently, I am a part time writer for Cleantechnica and part-time licensed financial professional, along with being a full-time dad.

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