For a chance to win a $25,000 National Geographic getaway excursion on SoFi: Share a photo & story with us on on social media that showcases your ambition and goals. 💪 🙌 We want to know where you’re headed, why you deserve a vacation, what drives you to reach your goals…basically, *inspire* us by sharing your story!Read more
By Tony Morosini, VP of Banking
There’s no question deposit accounts are having a moment. In a rising rate environment, banks earn an increasing yield on the deposits they hold, and these additional proceeds can often go directly to earnings. To gather more deposits, banks fight to get consumers to switch banks, but it’s a tough sell because changing banks is painful.
While lots of institutions are offering deals to entice people to move their accounts, they haven’t invested in making the consumer experience as good as it should be. People have been using and managing money online at scale for 20 years, and we’ve now gotten to a place where people are not just comfortable with handling money online, but they expect it. The traditional financial institutions have improved on some marks, like improving their mobile experiences (or at least creating one at all), but there’s still a lot of space to tackle.Read more
We’re in the full swing of home improvement season here at SoFi. We launched our
And now, we’re excited to announce a new partnership with
By Jane Bianchi
Have you been fantasizing about leaving your job behind and going into an entirely new profession—but also worrying about what a big change would mean for your finances?
You’re not alone. “A lot of times people stick with a job out of fear. I’ll ask, ‘What are you afraid of?’ The person might say, ‘I’m afraid I won’t make as much money,’” says Nancy Von Horn, Senior Career Coach at SoFi. “But once you do some digging, you’ll likely find that it’s possible to make that money back.”
It’s true. Changing careers doesn’t have to mean accepting a lower salary. It just means that you have to do some soul-searching and some homework ahead of time. Ready to dive in? Follow this game plan.Read more