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Can You Get a Debit Card for a Savings Account?
https://www.sofi.com/learn/content/can-you-get-a-debit-card-for-a-savings-account/
You usually can’t get a debit card for a savings account. Typically, debit cards are issued for checking accounts. There’s a simple reason for that. Savings accounts are designed to hold money that you don’t plan to spend right away. Earning interest on deposits is the reward you get for adding money to your savings […]
Earned Income Tax Credit (EITC) Tax Refund Schedule for Tax Years 2024 and 2025
https://www.sofi.com/learn/content/eitc-tax-refund-schedule/
The earned income tax credit directly reduces the amount of income tax owed by lower-income working taxpayers. Depending on a tax filer’s number of children, tax filing status, and income, the tax credit can be in the thousands. Here’s what you need to know about the 2024 EITC tax refund schedule and the 2025 EITC […]
What Is a Debit Card?
https://www.sofi.com/learn/content/what-is-a-debit-card/
A debit card combines some of the features of an ATM card and a credit card to give you an easy way to access cash and pay for purchases. For many people, tapping, swiping, or entering their digits online has become a favorite way to conduct everyday financial transactions.Debit cards resemble credit cards, but they […]
What Is Considered a Bad Credit Score?
https://www.sofi.com/learn/content/bad-credit-score-range/
On the popular credit score spectrum of 300 to 850, a credit score of 579 or lower is usually classified as poor, and a score between 580 and 669 is considered fair. Only when a score is 670 or higher does it typically count as good. That said, each lender makes its own determination of […]
Understanding Purchase Interest Charges on Credit Cards
https://www.sofi.com/learn/content/understanding-credit-card-purchase-interest-charges/
In a high interest rate climate, especially after historic lows, you may be more aware of purchase interest charges on your credit card statement. These charges are a wordy way of saying interest, which you owe when you don’t pay your credit card statement balance in full. Read on for more about credit card interest, […]