Tag Archives: #inflation

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,Continue reading “SoFi raises savings rate to 1.8%”

Sofi raises savings rate from 1% to 1.25%

Quick update; Last month, the Federal Reserve raised its benchmark interest rate by 0.25%. SoFi has followed after a delay. Now, their savings and checking accounts earn 1.25%. I hope that as the Fed raises rates, SoFi savings rates will go up too. This is a big win for savers, retirees, and anyone looking toContinue reading “Sofi raises savings rate from 1% to 1.25%”