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SoFi Awarded Five Banking Awards and Two Personal Loans Awards in NerdWallet’s 2023 Best-Of Awards

SoFi (NASDAQ: SOFI), the digital personal finance company, received seven 2023 Best-Of Awards from NerdWallet, Inc. (Nasdaq: NRDS), a platform that provides financial guidance to consumers and small and mid-sized businesses (SMBs). A recent NerdWallet survey found that only 30% of Americans know where to find reputable information when they have questions about financial products and topics. In order to better help consumers and small to midsize businesses understand their options when it comes to their finances, they announced the winners of their 2023 Best-Of Awards.

This year’s awards recognize the best financial products across Banking, Credit Cards, Insurance, Investing, Mortgages, Personal Loans, Student Loans, and Travel Rewards.

SoFi received five Best-Of Awards for: Best Checking Account Overall; Best Checking Account for High Interest; Best Checking Account with No Monthly Fee; Best Checking Account for Overdraft Fee Avoidance; and Best Checking and Savings Combo. Additionally, SoFi received two personal loan awards for: Best Personal Loan for Good and Excellent Credit; and Best Online Personal Loan.

NerdWallet’s survey, conducted online in November 2022 by The Harris Poll among over 2,000 U.S. adults, also found that one-third of Americans (33%) plan on making new financial goals for 2023. In order to identify the best products for consumers, the Best-Of Award winners were selected by NerdWallet’s knowledgeable subject matter experts with years of experience reviewing and evaluating these personal finance products for Nerdwallet.com. Over 40 Nerds from our editorial team compared rates and rewards of over 1,000 products, did side-by-side comparisons, and conducted objective ratings and reviews to help consumers confidently choose the best products for them.

A complete list of NerdWallet’s 2023 Best-Of Awards winners can be found at: www.nerdwallet.com/awards

About SoFi
SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing and protecting give our over four million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of ambitious people. SoFi is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit SoFi.com or download our iOS and Android apps.

About NerdWallet
NerdWallet (Nasdaq: NRDS) is on a mission to provide clarity for all of life’s financial decisions. As a personal finance website and app, NerdWallet provides consumers with trustworthy and knowledgeable financial information so they can make smart money moves. From finding the best credit card to buying a house, NerdWallet is there to help consumers make financial decisions with confidence. Consumers have free access to our expert content and comparison shopping marketplaces, plus a data-driven app, which helps them stay on top of their finances and save time and money, giving them the freedom to do more. NerdWallet is available for consumers in the US, UK and Canada. For more information, visit NerdWallet.com.

“NerdWallet” is a trademark of NerdWallet Inc. All rights reserved. Other names and trademarks used herein may be trademarks of their respective owners.

Survey Methodology:
This survey was conducted online within the United States by The Harris Poll on behalf of NerdWallet from November 10-14, 2022 among 2,064 U.S. adults ages 18 and older. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 2.8 percentage points using a 95% confidence level. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact [email protected].

Media Contact:
[email protected]
[email protected]

Disclosures:

INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE

Terms and conditions apply. SoFi Checking and Savings offered by SoFi Bank, N.A. Loans originated by SoFi Bank, N.A., NMLS #696891, (www.nmlsconsumeraccess.org). Equal Housing Lender. Brokerage products offered through SoFi Securities LLC, member FINRA/SIPC. SoFi Money® is a cash management account, which is a brokerage product. SoFi Securities LLC is an affiliate of SoFi Bank, N.A. Advisory services are offered through SoFi Wealth LLC, an SEC-registered investment adviser. The SoFi Credit Card is issued by The Bank of Missouri (TBOM) (“Issuer”) pursuant to license by Mastercard® International Incorporated and can be used everywhere Mastercard is accepted. SoFi Bank, N.A. Member FDIC. ©2023 Social Finance, LLC All rights reserved. Information as of January 2023 and is subject to change. [RO 2675736]

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Good credit health begins here.



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  • Check your score without impacting it.

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Liz Looks at: China

News of China’s reopening has dominated headlines in recent weeks. SoFi’s Head of Investment Strategy weighs in on what its re-emergence could mean on a global scale.

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Sam AW Refinance Template Rate Bonus 1


Refinance Student Loans

Limited time, exclusive offer!
Refinance your student loans and you could save thousands—plus get an additional 0.25%
rate discount.^

Fixed interest rates start at just 3.99% APR (with autopay*
and your SoFi at Work rate discount^). Use this page to
get started. Hurry—0.25% rate discount offer ends 3/31/24.


View your rate




BTW it’s a soft inquiry, so it won’t affect your credit score.

Don’t miss out! Refinance now before rates go up.

Choose from low fixed or variable rates.

Fixed

4.24%–9.99% APR*
with autopay

Variable

5.99%–9.99% APR*
with autopay



See payment examples

Why SoFi?


View your rate

Serious savings

Save thousands of dollars thanks to flexible terms and low fixed or variable rates.

Fast, easy, and all online

Simple online application and access to live customer support 7 days a week.

No fees, no catch

No application or origination fees. No pre-payment penalties.

Access to member benefits

SoFi members get financial advice and more—all at no cost.


View your rate

We know student loans.

$47 billion+
in refinanced student loans

550,000+
members have refinanced their student loans

98%
of surveyed members would recommend SoFi to a friend 3

How it works

Get pre-qualified online.

We’ll let you know if you’re qualified before you complete the full application.

Select your rate and term.

Choose between saving on your monthly payment or saving on total student loan interest.

Get your new loan.

Upload screenshots of your information, then sign your paperwork electronically. Then we’ll pay off your servicer(s) and issue you one new student loan.


View your rate

FAQs



Who should refinance?


Refinancing is a great solution for working graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and/or private loans. Federal loans do carry some special benefits, for example, public service forgiveness and economic hardship programs, that may not be accessible to you after you refinance. Check out this blog post that provide more information: When to Consolidate Federal and Private Loans by Refinancing. Or, call us for a free consultation about your particular situation.



Can I refinance both federal and private student loans?


Yes, SoFi will consolidate all qualified education loans.



Am I a good candidate to refinance my student loans with SoFi?


SoFi aims to revolutionize financial services—ultimately improving the system for everyone. Today, we’re able to offer significant savings and flexibility to US citizens or permanent residents who have graduated from a selection of Title IV accredited university or graduate programs, are employed, has a sufficient income from other sources, or hold a job offer with a start date within 90 days, have a responsible financial history, and a strong monthly cash flow.



What is the difference between consolidating and refinancing?


Student loan consolidation is when you combine multiple loans into one single loan. Student loan refinancing, on the other hand, is when you get a new loan at a new interest rate and/or a new term. You can refinance both federal and private loans. Learn more about student loan consolidation vs refinancing.



What’s the difference between fixed and variable rate loans?

Fixed rate loans are loans that have an interest rate that does not change over the life of a loan, which means you pay the same amount each month. It also means you know with certainty the total interest that you’ll pay over the life of the loan. Fixed rate is a general term that can apply to different types of loans with a variety of uses, including student loans, mortgages, auto loans, and unsecured personal loans.

Variable rate loans are loans that have an interest rate that will fluctuate over time in line with prevailing interest rates. They generally have lower starting interest rates than fixed-rate loans, but the interest rate and payment amounts can change over time. Sometimes they are also known as floating-rate loans.

Find more info on Fixed vs. Variable Rate Loans.




Where can I find more information about student loans in general?


Deciding how to best handle your student loan obligations can be an intimidating process. That’s why we’ve put together our Student Loan Help Center to give you guidance on payments, refinancing, budgeting, and common terminology so you can feel more confident in your journey to becoming debt free.


See all FAQs

More student loan refi resources







View your rate in just two minutes.


View your rate

Read more

Sam AW Refinance Template 3


Refinance Student Loans

Limited time, exclusive offer!
Refinance your student loans and you could save
thousands—plus get a $2000 welcome bonus.^

Fixed interest rates start at just 4.24% APR (with autopay)* plus
get additional bonuses through SoFi at Work. Use this page to
get started. Hurry—welcome bonus offer ends 3/31/24.


View your rate




BTW it’s a soft inquiry, so it won’t affect your credit score.

Don’t miss out! Refinance now before rates go up.

Choose from low fixed or variable rates.

Fixed

4.24%–9.99% APR*
with autopay

Variable

5.99%–9.99% APR*
with autopay



See payment examples

Why SoFi?


View your rate

Serious savings

Save thousands of dollars thanks to flexible terms and low fixed or variable rates.

Fast, easy, and all online

Simple online application and access to live customer support 7 days a week.

No fees, no catch

No application or origination fees. No pre-payment penalties.

Access to member benefits

SoFi members get financial advice and more—all at no cost.


View your rate

We know student loans.

$47 billion+
in refinanced student loans

550,000+
members have refinanced their student loans

98%
of surveyed members would recommend SoFi to a friend 3

How it works

Get pre-qualified online.

We’ll let you know if you’re qualified before you complete the full application.

Select your rate and term.

Choose between saving on your monthly payment or saving on total student loan interest.

Get your new loan.

Upload screenshots of your information, then sign your paperwork electronically. Then we’ll pay off your servicer(s) and issue you one new student loan.


View your rate

FAQs



Who should refinance?


Refinancing is a great solution for working graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and/or private loans. Federal loans do carry some special benefits, for example, public service forgiveness and economic hardship programs, that may not be accessible to you after you refinance. Check out this blog post that provide more information: When to Consolidate Federal and Private Loans by Refinancing. Or, call us for a free consultation about your particular situation.



Can I refinance both federal and private student loans?


Yes, SoFi will consolidate all qualified education loans.



Am I a good candidate to refinance my student loans with SoFi?


SoFi aims to revolutionize financial services—ultimately improving the system for everyone. Today, we’re able to offer significant savings and flexibility to US citizens or permanent residents who have graduated from a selection of Title IV accredited university or graduate programs, are employed, has a sufficient income from other sources, or hold a job offer with a start date within 90 days, have a responsible financial history, and a strong monthly cash flow.



What is the difference between consolidating and refinancing?


Student loan consolidation is when you combine multiple loans into one single loan. Student loan refinancing, on the other hand, is when you get a new loan at a new interest rate and/or a new term. You can refinance both federal and private loans. Learn more about student loan consolidation vs refinancing.



What’s the difference between fixed and variable rate loans?

Fixed rate loans are loans that have an interest rate that does not change over the life of a loan, which means you pay the same amount each month. It also means you know with certainty the total interest that you’ll pay over the life of the loan. Fixed rate is a general term that can apply to different types of loans with a variety of uses, including student loans, mortgages, auto loans, and unsecured personal loans.

Variable rate loans are loans that have an interest rate that will fluctuate over time in line with prevailing interest rates. They generally have lower starting interest rates than fixed-rate loans, but the interest rate and payment amounts can change over time. Sometimes they are also known as floating-rate loans.

Find more info on Fixed vs. Variable Rate Loans.




Where can I find more information about student loans in general?


Deciding how to best handle your student loan obligations can be an intimidating process. That’s why we’ve put together our Student Loan Help Center to give you guidance on payments, refinancing, budgeting, and common terminology so you can feel more confident in your journey to becoming debt free.


See all FAQs

More student loan refi resources







View your rate in just two minutes.


View your rate

Read more
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