SoFi raises checking interest rates again to 2%

Posted bysmilingdadPosted inPersonal Finance, SavingsTags:, , ,

Quick update: SoFi has raised interest rates again to 2.00%. I checked their website and found this sentence in the disclaimers:

SoFi members with direct deposit can earn up to 2.00% annual percentage yield (APY) interest on all account balances in their Checking and Savings accounts (including Vaults).

SoFi

That means there are no deposit limits. Amazing. I checked a competitor, Chime. They are offering up to 1.00% on savings only. SoFi offering 2.00% on Checkings is something I continue to not see elsewhere.

Warmest regards,

smilingdad

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.

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s

%d bloggers like this: