SoFi is an American online personal finance company and online bank based in San Francisco. It provides financial products including student loan refinancing, mortgages, personal loans, credit cards, investing, and banking through both mobile app and desktop interfaces. SoFis core company values are centered around helping its members achieve financial independence and building ways to give members what they need to make that happen.
SoFi offers an online cash management account that acts as a hybrid checking/savings account. Members with qualifying deposits can earn up to 4.60% annual percentage yield (APY) on savings balances and 0.50% APY on checking balances. SoFi also offers exclusive member benefits designed to help set members up for success with their money, community, and career.
