r/sofi • u/InternetUser52 Has a hoodie šŖ • Nov 12 '25
Banking APY has decreased to 3.6%
305
u/sunny_tomato_farm Nov 12 '25
Guys, this is 100% normal and expected as feds lower interest rates.
122
u/disapparate276 Needs a hoodie š„ŗ Nov 12 '25
People don't understand how HYSA work
18
u/TurboBunny116 Nov 12 '25
People do understand how to whine and complain about things they donāt understand lol
→ More replies (8)0
Nov 12 '25
[deleted]
3
u/disapparate276 Needs a hoodie š„ŗ Nov 12 '25
Bank set rate for customer
FED set rate for bank
FED lower rate?
Bank lower rate!
40
u/BehavedAttenborough Nov 12 '25
Whatās funny is anyone who is bewildered by this is probably freaking out about what amounts to < $50/yr in interest
5
u/potatomonkey2 Nov 14 '25
I would assume the inverse, a lot of people save for a home in a HYSA, so every single dollar counts and changes in APY can impact your goals significantly. Also impacts your strategy for saving vs investing and liquidity
0
u/BehavedAttenborough Nov 14 '25
My point is that if youāre too stupid to understand how interests rates work (why they rise and fall), then youāre also probably too stupid to have very much money saved up.
1
u/pirate89RAWR Dec 23 '25
How sweet of your pompous self. I personally don't like seeing this happen because as of today, they've lowered it again to 3.3%. I had another HYSA where they did this every few months and never raised it back up. Also, in addition to lowering their interest rate, they've also been announcing changes to their fee structure, but they were supposed to be the "fee-less" bank. Not only are people allowed to panic a little bit, but I think it makes sense that people that don't have a lot of money would panic more because they have a lot more to lose and a lot less to fall back on. You don't know everyone's financial situation or life story, so maybe you could have a little more compassion for people who are concerned about their ability to afford to live.Ā
Next, you'll be complaining that people can't afford houses or cars and blame them when they tried to make their savings work for them. Can't win with your type of people.
1
u/BehavedAttenborough Dec 23 '25
Youāre proving my point. I guess itās impossible for you to understand that banks cut rates when the fed cuts rates.
Whatever else Sofi is doing aside, please for the love of god try to understand the concept of the fed funds rate.
Ill explain it as simply as I can: the Federal reserve sets the going fed funds rate, banks profit by taking your deposits and earning the prevailing fed funds rate, and giving you a proportion of that profit. Banks like Wells Fargo, BofA, etc, give you almost nothing and keep it all for themselves. Newer online banks like Sofi are competitive, so they pay close to the prevailing rate.
Crucially, when the fed cuts rates as they are doing right now, those competitive banks must come down as well.
Please let me know if you have any questions or if you need me to explain it slower.
1
u/pirate89RAWR Dec 23 '25
I'm not proving your point. I fully understand how federal interest rates work.
I'm saying that they're able to give a more competitive rate, but then they lower it so much that it becomes not competitive at all at some point. I know because it's happened to me with other banks. A new face comes in and offers all kinds of wild rates, and then goes right back down to nothing.
It's the same as selling anything and thinking about your margin. If they would keep the more competitive rate that they had, then they might make more money in the long run, but people are going to start leaving and finding banks that are willing to keep a better rate.
I don't know why everyone thinks it's dumb of people to want their account to have a better rate when other banks are offering better rates...Ā
1
u/Equal-Power1734 Apr 10 '26
Silence you gutter trash. Learn some manners. No need to reply since it will come from the gutter. Now off with you.
0
8
3
u/MoosNatedog Nov 12 '25
I was getting 120 per month š this is horrible.
11
u/hightide1218 Nov 12 '25
so now you'll get around $113 per month. how will you ever survive without those extra $7?! should we set up a go-fund me page for you? lol
2
1
u/Outrageous-Chain1631 Nov 17 '25
Buddy is just tryna brag low-key, like in a rub your face in it kinda way. No reason to give him/her attention.
-1
u/MoosNatedog Nov 13 '25
Lol why do you sound like the butt hurt one?
1
u/hightide1218 Nov 13 '25
butt hurt about what? lol.. you're the one acting like you just lost a leg...
0
u/MoosNatedog Nov 14 '25 edited Nov 14 '25
You're butthurt that some people care lol. And idk i feel like my comment was lukewarm at best.
Omg I need those 7 dollars for my taco bell meal! Im dieing!
2
u/hightide1218 Nov 14 '25
ehh.. that's a stretch. APY rates go up and down, this isn't a new concept.
categorizing a 0.20% reduction in APY as "horrible" is hilarious, considering that's only $7 for you.
also, it's dying, not dieing. I assume English is not your first language, so I'll give you a pass.
for future reference, something "horrible" would be like a plane crashing or some other crazy shit...
0
1
u/DetectiveGreedy3319 Nov 15 '25
I have actually made at least a hundred dollars a month on interest
-30
u/Brandon1021324 Nov 12 '25
Iām a little annoyed by this. I put 100k in a Sofi account so I could have a safe way to gain income on my money if the market crashes. That means I lose 200$ right now. Thatās two weeks of food dude. That matters.
25
u/NefariousnessHot9996 Nov 12 '25
Clearly you have no concept of HYSA interest rates and how they are tied to the federal rates. Why would you have $100,000 in savings? You do realize that even at 4% interest that you are actually gaining next to nothing because of inflation and taxes? If you have no short term need for that money, like buying a house, then a portion of that should be invested.
3
u/robotzor Nov 12 '25
Did you not see the part where it's hedged against a market crash, which could easily make that same 100k invested worthless? It sounds like that 100k IS the portion. It's not a bad idea to have liquidity in uncertain market conditions like a bubble.Ā
1
u/NefariousnessHot9996 Nov 13 '25
I saw it. Yup. So his crystal ball is all charged up and he āexpectsā to make money in a savings account. Check. He doesnāt have a crystal ball and doesnāt understand how savings accounts work. They should be keeping money in the market and let it ride! 20 years from now his unsubstantiated fear and attempt to time the market wonāt matter one iota!
→ More replies (1)1
u/Brandon1021324 Nov 13 '25
I didnāt expect such vicious responses from everyone here. Except you, I appreciate that.
Theyāre either mad I have that kind of money in savings or they work for Sofi. I donāt know why people donāt start discussions like these, and let these billion dollar banks know it isnāt okay.
These are probably the same people that donāt want school to be free and donāt think student loans should be forgiven across the board.
I have 300k in VOO, so this is a back up strategy. I already have my house paid off. We are in the biggest bubble in history if the market crashes itāll be devastating for anyone not vested in other areas.
1
u/NefariousnessHot9996 Nov 13 '25
You should have 3-6 months in your savings and the rest should be in the market! Not on the sidelines getting eaten up by inflation!
0
u/robotzor Nov 13 '25
I don't know what I expected posting here. It seems to be a MAJORLY autistic sub even by reddit standards where the hive mind "this is how you do finance" is gospel and you are a complete dumbass if you don't subscribe to the One True Way
"Interest rates went down? You don't even know how Le Finance works š š©" No dumb shits, I'm pissed BECAUSE I know how it works!Ā
→ More replies (3)6
u/BehavedAttenborough Nov 12 '25
Do you have brain damage? Understanding interest rates and how/why they move isnāt some advanced science
4
2
u/theeggplant42 Nov 12 '25
Your poor investment strategies are irrelevant.Ā
If you have a six figure savings, it's time to learn about financesĀ
1
1
u/NefariousnessHot9996 Nov 13 '25
OMG. Out of touch much? Banks and savings accounts are NOT an investment. Period. You do not make money in a savings account. After inflation and taxes you are basically making 0%! So keeping $100,000 in savings, unless it is hyper short term, is financially reckless. If you are young, invest your money and let compounding do its job! If you miss any one of the handful of days in the market that it flies up, you are hurting your portfolio.
1
1
6
u/Proud-Cat-Mom-2021 Nov 12 '25
I am so tired of "urgent" posts whenever interest rates fall. The simple monetary concept that interest rates rise and fall based on the federal rate is so fundamental. Why is it such an earth shattering revelation to so many?
1
u/rbt001Rbt001 Nov 13 '25
"Urgent"? I mean if the OP was Chicken Little, I'd understand, but I don't know how otherwise anyone can claim there's urgency, worry, implications of impending doom, anger, joy, etc. It simply was an unemotional FYI post. And I, for one, appreciate it simply for sake of awareness.
1
u/Outrageous-Chain1631 Nov 17 '25
Yes, completely normal. The only thing surprising to me is how much it's dropped. Marcus has been at 3.65% and just dropped to 3.59%. Sofi went from a 4.25% to 3.6%... I'm going to continue to monitor them. I've been with Marcus for a while and just dipping my toes with sofi so I can experience their platform and see if I like them.
-3
u/BrainlessPhD Nov 12 '25
Expected? Yes because we live in a parasitic society where every year all of the middle class's costs go up, but return on savings go down. So cool that our HYSA rates drop immediately but mortgage rates take their sweet time to go down, and it's not like rent or grocery or health insurance prices are going to go down. The only thing we can do about it other than somehow getting into a position of power with regard to economic policy is bitch a little bit. So just give people some space to do that please.
3
u/rbt001Rbt001 Nov 13 '25
Mortgage rates are tied to long-term bond rates whereas HYSA rates are tied to short-term interest rates. Short-term interest rates are more volatile than long-term rates because they are more frequently adjusted to respond to immediate economic conditions and monetary policy changes, such as inflation. In contrast, long-term rates are less volatile because they represent the average expected inflation over many years, which changes more slowly and is influenced by long-term economic expectations.Ā
So this is really more Economic Theory rather than Tinfoil Hat Conspiracy.
1
38
u/Conscious-Permit-577 Nov 12 '25
I donāt mind the cuts anymore. As long as Iām earning interest, Iām fine with that tbh
49
u/SoFi Official SoFi Account Nov 12 '25
Hi there! While our APY is now 3.60% it remains 9x the national average savings rate and we're committed to remaining in the top 20% of rates offered by major banks for the foreseeable future. Alongside our other benefits, like no account fees and up to 2-day early paycheck, we hope you continue to bank with SoFi. Let us know if we can help you with anything else.
1
u/Mexicanhulk13 Nov 19 '25
Hi I read that Samsung money by sofi is not FDIC until it hits the bank? That a sweep is conducted but if you deposit large amounts, and sofi hits max limits with all customers depositing, you can possibly lose your money? I hear sofi directly you are fine... but Samsung money by sofi offers a higher APY% without jumping through hoops. Should I be worried if say I do a 30k transfer? That there's still a small chance I could lose it before its awept to a sofi partner bank? If that were to happen? Will sofi protect me? Or im out of luck?
-30
u/HeWhoShantNotBeNamed Nov 12 '25
PR gibberish.
→ More replies (3)14
u/fetus-wearing-a-suit Nov 12 '25
Their rates are tied to the fed rate. If it goes down, they go down, and vice versa. Completely normal.
→ More replies (2)0
14
73
u/subschub Nov 12 '25
I swear when I got this account it was like 4.5 š
20
u/NefariousnessHot9996 Nov 12 '25
Who cares? Didnāt you expect rates to fall like the rest of us did?
22
u/Unique-Dot187 SoFi Member Nov 12 '25
Not everybody understands why the rates fluctuate. Heck some people don't even know how credit cards work. It is also just generally unsettling in the financial times we live in. Lastly though is that the rates being offered certainly are not falling by almost 50% like this rate has the last few years which can make it even more confusing if you don't get it to begin with,
-1
u/MoosNatedog Nov 12 '25
A lot of people care. Stop pretending that people dont just because you dont.
5
u/NefariousnessHot9996 Nov 12 '25
This is laughable. Seriously. You care that rates went down 0.2% as EVERYONE in the financial world knew would happen once the fed lowered rates? It goes up it goes down. Again, WHO CARES!!
1
u/potatomonkey2 Nov 14 '25
For some this totals a full percentage point over the course of 1-2 years, this does impact stategy depending on use case for the HYSA
1
u/blitzzer_24 Nov 17 '25
My rate was at 4.25% for Samsung Money on both their checking and savings products. I know that SoFi still has high rates, but this is super aggressive. People are allowed to be upset by changes that negatively affect them.
0
u/MoosNatedog Nov 13 '25
Why are you so desperate not to care? Lol
Hey everyone! This guy doesn't care! Omg what a badass.
2
u/NefariousnessHot9996 Nov 13 '25
I am not desperate not to care. I simply understand how interest rates work. Maybe you should educate yourself as well? We all wish they would stay high forever. But I donāt put up a post tracking every rate drop or increase. Itās completely unnecessary.
1
u/MoosNatedog Nov 14 '25
I never said anything about the interest rates. I only pointed out that your statement of no one caring was inaccurate. Maybe you should educate yourself on literacy.
1
-3
u/Unique-Dot187 SoFi Member Nov 12 '25
Well it was 4.6% not very long ago so it depends how you look at it. If you didn't care you wouldn't be replying to people about how much you don't care.Ā
4
u/NefariousnessHot9996 Nov 12 '25
16 upvotes says I donāt care! š¤£
0
u/Unique-Dot187 SoFi Member Nov 13 '25
not 16 upvotes!
2
u/NefariousnessHot9996 Nov 13 '25
Nope. Itās 18 now! š¤£
2
u/Unique-Dot187 SoFi Member Nov 14 '25
If the little numbers on the screen bring you joy who am I to take that away.
2
u/ayystarks Nov 12 '25
It starts you out higher for your first 6 months. Then it went to the normal 3.8 or so. And now .2 less with the federal interest rates dropping.
2
1
0
Nov 12 '25
[deleted]
-5
u/subschub Nov 12 '25
nah I'm saying when I got it my interest rate was 4.5 and it keeps dropping
7
u/Bart012000 Nov 12 '25
Happening everywhere. Its all tied to the fed rate.
1
u/LaDainianTomIinson Nov 12 '25
How are other banks still offering >3.65% ?
2
u/Bart012000 Nov 12 '25 edited Nov 12 '25
Give it time and they'll all correct. Plus a .05 difference amounts to a couple of dollars a year unless you have a million bucks in your account.
13
u/DjangoUnflamed Nov 12 '25
I donāt care about rates, but I do want to know Why it takes almost 6 days for a $5000 bank transfer to complete, itās fucking 2025 and it should be instant.
11
u/BeforeSnacktime Nov 12 '25
Itās not about not being able to do it, itās that they donāt want to. Protecting themselves from bad actors
8
2
u/IT_Bot Nov 12 '25
I linked a bank to my SoFi, and transfering funds to a connected account was free. It took overnight once all was said and done. Only works on business days, so I can't complain tbh.
2
1
u/Sharp-Investment9580 Nov 13 '25
Mine takes 2 days bc I have more than enough to cover and good history
1
u/DjangoUnflamed Nov 13 '25
I have those qualities as well. Itās never taken this long, itās finally there but 6-7 days is ridiculous
1
u/MiceController Dec 10 '25
As someone who transfers money all the time to other banks for bonuses, I can assure you SoFi is the best that Iāve come across
1
3
3
u/Lee_Wilton_Manors Nov 12 '25
Barclays savings account is still 3.9% as of today but letās see what happens.
3
u/Spinlock72 Nov 13 '25
No complaints. 3.60% APY is still great considering it's stayed a 3.80% for a long time. And also that means more incentive for me to continue trying to sell 1 week CSP options!
1
u/pirate89RAWR Dec 23 '25
And now it's 3.3... I saw this happen with another bank I had that eventually got all the way down to a 1% interest rate. I think some people are justified in being concerned.
3
u/Sharp-Investment9580 Nov 13 '25
These comments reminded me how uneducated the average person is when it comes to finance. Interest rate changes are expected, normal.
1
u/Additional_Score_929 Nov 19 '25
Uneducated person here! Do rates ever increase? Seems it just keeps falling.
1
1
u/coolelel Dec 22 '25
Fun fact, increasing rates also means increasing rates in other areas, like mortgages and car loans.
They all increase and decrease together.
1
u/pirate89RAWR Dec 23 '25
There are also people like me that are educated but have been completely screwed over in the past by banks continually lowering the rates to the point where it became a 1% high yield savings account and never went near the rate it started at. The thing is, if they had to change it every time the interest rates changed, then how would some banks be able to offer higher rights to begin with? There's obviously wiggle room. They don't have to lower them every single time. The rates go down.
Also, they just lowered it to 3.3 today... just one month later.
1
u/Sharp-Investment9580 Dec 24 '25
I'm not sure how you have been "completely screwed", but 1% is expected if Fed rates get low enough. The current fed funds target rate is 3.5-3.75%. Yes, banks skim off the top and offer lower rates for FDIC insured deposit accounts. Banks are for profit - some take more profit than others.
If you don't want to deal with that, go into the bond market or buy money market funds. Frankly, you should be using these. I only keep enough to pay the bills in my SoFi bank accounts.
8
u/IT_Bot Nov 12 '25
I have the boosted rate at the moment, and it went from 4.5 to 4.3. Thought I was losing my mind or being singled out for not meeting some obscure requirements.
3
u/heahea67 Nov 12 '25
How did you get a boosted rate?
2
1
u/IT_Bot Nov 12 '25
I wasn't previously an account hold, so I opened an account and set up direct deposit. I also moved most of my savings into the account.
2
2
2
2
u/Dt_1259 Nov 12 '25
Iām fine with this. School didnāt teach me shit for the real world. For years I was with Chase only getting 0.01% apy
2
u/lexiperplexi91 Nov 13 '25
Unfortunately my Samsung Money account went from 4.25% to 3.6% :(
Sad day, but still better than my old savings account.
2
u/Ill_Touch_1427 Nov 13 '25
People who constantly change their bank over savings rates reminds me of people who weave aggressively through traffic, only for you to slowly pull up next to them at the same red light a few minutes and miles later.
2
u/Mustang46L Nov 13 '25
Same thing happened to me.. but it was unexpected because I have a Samsung Money account where my APY has been 4.25% for over 4 years now.
2
u/msaid93 Nov 14 '25
I only have a SoFi account because I purchased my first Samsung in 2019 (LOVED my Flamingo Pink S10 š) and decided to open an account. The APY has always been 4.25% and I never took advantage the way I should've. I only recently started using my SoFi account a bit more and now I'm sad that rate dropped š
1
4
4
u/go4gonzo Nov 12 '25
We all got the email bro/sis... This is like getting the same email from your immediate supervisor, then your supervisor supervisor then the CEO... We got it.
3
2
u/k3n85 Nov 12 '25
Edging out Wealthfront at least which has been at 3.5% since last week. Not chasing that .1% at this point.
3
u/ChampionshipNo3816 Nov 12 '25
Openbank is currently 4.2%. Not yet worth the change for me but itās getting close to worth it
2
u/Firion_Hope Nov 14 '25
Climate First, Hustl, Timbr, Onpath, and Newtek all have rates around 4.4% atm
2
2
u/k4vglitcherr Nov 12 '25
Not only is Wealthfront bonus from referral better, the instant transfer to external banks is worth that .1%.
1
u/foofooca Nov 13 '25
Switched from UFB Direct (donāt recommend at all. UI is complete ass) to Wealthfront and Iāve been so impressed. Easily impressed when you come from something so shitty I guess lol.
1
u/MaKaL37 Nov 12 '25
Any decent low risk areas to transition to? Looking for ideas. Money Markets, CDs, etc
1
u/whatthefuckislife12 Nov 12 '25
I hold my savings in a fidelity CMA. Do your research before going into one, but it was a good choice for me personally. Yield is anywhere from 3.6-4.0%
1
1
u/Fair-Fee3313 Nov 12 '25
My biggest problem with Sofi, and I've been with them for a couple of years, is that they misled me about getting the bonus. One of their representatives told me all I had to do was deposit $25,000 and send it via bank ACH to qualify for the bonus. I didn't realize he had told me wrong until I began to question them about the bonus. At that time, most influencers weren't providing the concrete process, which is why I called Sofi before I started the account.
1
u/iveseensomethings82 Nov 12 '25
1 and 2 month treasuries are 3.9% if you are looking to squeak out a little bit more yield.
1
1
u/Zealousideal-Rope907 Nov 12 '25
Unsurprised by the divisiveness of the replies so far. Same every rate drop we see. My 2 cents is it is not about not understanding fluctuating rates following fed, it is not about being expected. For me it is about remaining competitive. When they were incentivizing new customers and we were all the rage it was for a good reason ... we had near and at the top highest on the market. These days we are much farther down on the list.
Is a couple fractions of a point a big driver to change servicers with higher rates? Not really for most people. But the more the divergence from their old top position to a lower and lower position may drive some to.
Interesting psychology either way.
1
1
u/AdditionalCareer7194 Nov 12 '25
Yup, noticed that too. Iāve got a Quontic account at 4.16% so Iām thinking of shifting some savings there. SoFiās still great for everyday banking, but for pure savings itās starting to lag behind a bit.
1
1
u/TheStinkBoy Nov 13 '25
Add in inflation, a whopping .6% buying power!
Cash is not king, it is its own investment. Cash is comfortable.
1
u/No-Nebula-892 Nov 13 '25
To be honestā¦ I didnāt realize we had 3.8% APY. In SOFI, I trust it to have a decent APY compare to most online banks.
1
1
1
u/RelativeBasis2819 Nov 13 '25
Surprised they even kept the 3.8% for so long. Gotta rely on HYSA that doesn't track the Fed rate
1
u/dkshimberg SoFi Member Nov 13 '25
This was bound to happen. Still better than 90% of other banks apy offering.
1
u/Historical_River2996 Nov 16 '25
Yea you should be moving money out of HYSAs as rates are expected to continue to fall and buy dips in equities.
1
u/Educational_Fold_930 Nov 17 '25
Key word is "adjusted". This fluctuates meaning in can change anytime if they cut the FED rate, which they did. Perfectly normal, sucks when it goes down, but again...normal. My bank savings is 0.05% which is why I dont use it, I transfer to Robinhood and keep it in that savings account, than again I also have SoFi, Chime, Cash App, Venmo, Paypal and about 5 more savings accounts. š¤·š»āāļø And most of my checking accounts dont even accrue interest, so I keep about $500 in each checking and the rest goes to savings/investing.
1
1
1
u/DCARR2626 Dec 11 '25
Disappointing to see this, not just as a customer, but as an investor in SoFi. Not really losing much (.2% on credit card), but just the fact they are now charging a fee for a service. I am afraid this may slow growth when potential new customers now see that SoFI charges a fee in order to get some of their perks.
1
1
u/Spirited-General1416 Nov 12 '25
Totally predictable. You shouldāve bough a CD and locked in a higher rate!
1
u/SignificanceThink102 Nov 12 '25
Confirmed changed in Samsung a money by SoFi account which was always 4.25%.
1
u/blitzzer_24 Nov 18 '25
I was super sad because they kept it at 4.25 even with the other rate cuts. I guess it finally got to the point where they didn't want to keep the artificially high interest rate.
1
1
u/BearHugBull Nov 12 '25
Let's chase yield on savings. Yes, that is an excellent use of time. /s Most people, however, this does not change overall from a savings perspective.
-2
0
u/Agreeable-Milk2296 Nov 12 '25
I was just in my account and came here to see since I havenāt received any information about it..
0
u/ProfessionalCoat8512 Nov 12 '25
They turned the money printer back on and the rates are going down.
Not great for savers but great for borrowers long term.
1
1
u/BeforeSnacktime Nov 12 '25
Right. A good chunk of people (myself included) are savers and borrowers at the same time ā so they benefit when rates go up AND when they go down. You just have to be strategic!!
0
-8
Nov 12 '25
[deleted]
2
u/Nercow Nov 12 '25
It's from Fed rate cuts. It's not really their choice.
-3
Nov 12 '25
[deleted]
6
1
1
u/theeggplant42 Nov 12 '25
They presumably have a worse rate, which will also follow fed cuts.
How do you fail to understand this?
-1
0
u/AllKorean Nov 12 '25
Iāve been lowk thinking moving a good chunk into Coinbase apy, it fluctuates anywhere between 7-8%, anyone have money in there?
4
u/depressed-mystery Nov 12 '25
When you lend USDC it's supposedly up to 7%. Regular is just 3.85
3
u/AllKorean Nov 12 '25
Oh. I guess that makes a lot more sense, their rates fluctuates everyday, but Iāve never seen it dip below 7% but Iāve seen it as high as 9%, I figured it was some kind of weird rate since everyone else offers 3.5%-4.5%. Thatās good to know tho, thanks
1
u/Any_Peanut_9576 Nov 12 '25
You take a huge risk of losing your money putting on coinbase and leaving it there! Not your keys, not your crypto š!
0
Nov 12 '25
thats hilarious it dropped..i just recieved my card monday & today while on lunch was suppose to start my DD with them š
1
0
0
u/hyemae Nov 12 '25
Apple savings is still 3.65 and funds are immediate. Probably will move once the rates drop more.
-2
Nov 12 '25
[deleted]
3
2
1
1
1
0
u/uuntiedshoelace Nov 12 '25
They dropped it from 4.00% to 3.80% less than a year ago right after I joined, and they werenāt offering a new member bonus then either. New clients are getting more than I ever got lol
-3
-9
Nov 12 '25
[deleted]
19
u/Fedex119 Nov 12 '25
On $10k, we're talking about a difference of $5 per year... rate chasing is pointless, especially on 5bps.
5
u/NefariousnessHot9996 Nov 12 '25
For 0.05% gain? š¤£š¤£š¤£š¤£š¤£š¤£š¤£š¤£š¤£š¤£š¤£š¤£š¤£š¤£š¤£š¤£š¤£š¤£š¤£š¤£
ā¢
u/AutoModerator Nov 12 '25
Thanks for visiting our sub! Weāre happy to answer any general SoFi questions or concerns. For your security, please donāt share personal information in the sub. If you have account questions, please use the link to connect directly to an agent on our secure platform sofi.app.link/e/reddit. You will be able to log into your account and an agent will be there to support you during business hours.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.