SoFi Blog

We recently hit the streets to ask people how they feel about their banks. The responses weren’t surprising:

“I don’t think my bank cares much about me.”

“I’ve never recommended my bank to anyone.”

“I don’t really trust banking institutions in general.”

Beating up on banks has become a national pastime. Yet what’s crazy is how long we’ve put up with it – the nickel-and-dime fees, the bad customer service, the being treated like a number. Most of us don’t even switch banks when we get fed up —it’s too much hassle, and aren’t they all the same anyway?  

Ready to make your debt sweat in the New Year?

Whether it’s a credit card carrying around extra poundage after the holidays, a student loan that sweats when it walks up the stairs, or a mortgage that requires multiple airplane seats, we’ve got a plan that will whip your debt into shape by making it so skinny, it literally disappears.

Read on for our 5-step debt shape-up guide, and make 2016 the year you shed some serious debt.

We currently offer individual investment accounts, owned by one person and joint accounts that can be held by two people. You can also have tax-advantaged retirement accounts, such as traditional IRAs, Roth IRAs, and Simplified Employee Pensions (SEP-IRA). We also allow you to roll over your 401(k) from a previous employer into an IRA.

ETF stands for exchange-traded fund. An ETF is a collection of investments that trades as a single security, and they commonly offer a simplified, low-cost way to invest in a diversified portfolio of stocks and/or bonds. They are similar to mutual funds, but whereas mutual funds can only be bought and sold at the end of the day for one price, ETFs trade continuously throughout the day and investors can buy or sell them at prevailing market prices. ETFs are generally also lower cost and provide greater tax benefits then mutual funds.