Inflation is taking a toll on employees’ financial wellness, making budgeting and financial planning tools more important than ever. Here’s how HR pros can help.
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Packed with brand new benefits, like the NEW SoFi Smart
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5$1,000 value: See assumptions and details below, value is not guaranteed and varies depending on benefits used. Terms apply.
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This game-changing charge card is secured by your SoFi Checking and Savings and has no hard credit pull to apply.
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All the rewards of the NEW Smart Card are included with your SoFi Plus subscription of just $10/month6.
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Save $6,000 and earn $220 in interest with our highest APY on SoFi Bank savings.
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1$1,000 value: See assumptions and details below, value is not guaranteed and varies depending on benefits used. Terms apply.
The estimated value of a meeting with our financial planners is based on SoFi’s competitive assessment of similar offerings. See full terms below.
SoFi Plus members are eligible for a one-time discount on loans originated by SoFi Bank of $1,000 off the standard origination fee for home purchase or refinance mortgages. See full terms below.
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Double your match with SoFi Plus. Get a 1% match on your IRA contributions, plus an extra 1% cash match8 on all your recurring SoFi Invest® deposits.
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It’s a window of opportunity open exclusively to SoFi Plus members. Don’t wait—the offer ends 4/15/26.
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Members with Eligible Direct Deposit or Qualifying Deposits receive complimentary SoFi Plus access through 3/30/26 and are eligible for this promotion. Terms and conditions apply. Matches are made on contributions up to the annual limits.
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Combining SoFi Plus and SoFi Invest could help you make some genius money moves—starting with double the usual welcome bonus, exclusively for SoFi Plus members.
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13Customer must fund their Active Invest account with at least $50 within 45 days of opening the account. Receive a minimum of $10. Probability of member receiving $2,000 is a probability of 0.026% If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Percentages for the $2,000 are subject to decrease. See full terms and conditions.
No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this offer. Third party trademarks referenced herein are property of their respective owners.
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Here are the necessary steps:
Open a new SoFi Checking and Savings account by 1/31/26. Already have an account? Great, go to step 2.
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2Earn up to 4.00% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.30% APY as of 11/12/25)
for up to 6 months. Open a new SoFi Checking and pay the $10 SoFi Plus subscription every 30 days OR receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 1/31/26. Rates variable, subject to change.Terms apply here. SoFi Bank, N.A. Member FDIC.
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These easy-to-earn benefits are just the start of the $1,000+ in annual value that SoFi Plus subscribers unlock with qualifying activities.
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If you’re looking to generate potential income from investments and help reduce risk2, online options trading with SoFi Invest® could be the right choice.
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Get started
1Options involve risk and are not suitable for all investors. Please read the Characteristics and Risks of Standardized
Options before engaging in options trading.
2Check out the OCC Options Disclosure Document.
Best for no options contract fees for Sept 2025§
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Based on SoFi Members. This claim may not be representative of the experience of all other customers. | Updated: 11/14/2024
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What are the potential benefits of using options in an IRA account?
Enjoy tax-deferred growth.
Profits on trading options in your IRA are sheltered from current taxes and can be reinvested and may grow on a tax-deferred basis.
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Help manage risk in your IRA.
You may use options as a flexible tool for existing stock positions in your IRA, which could help limit the potential for loss.
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Generate income for retirement.
Covered calls and cash-secured puts could help generate potential income, making your retirement savings work harder. Just keep in mind, these strategies limit how much profit you could make if stocks move upward on covered calls. With cash secured puts, the risk is similar to owning the stock.
You can now trade options in self-directed SoFi IRA accounts with zero commission (other fees may apply)*, plus get a 1% match on rollovers and contributions.3
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Open a SoFi IRA
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3Terms and conditions apply. Matches are made on contributions up to the annual limit.
*Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees.
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Options give investors the flexibility to invest based on whether they think
a stock is going up—or down. See our Options 101 guide for more.
Investors could use options trading to try to get more out of assets or cash they already hold.
Options could support investor goals to manage downside risk, like a safety net against falling prices.
Options aren’t for everyone. But there could be a strategy that meets your goals for next-level trading.
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Focus on trades, not contract fees—SoFi doesn’t have them. Other fees may apply. But not commissions.
Our intuitive website and mobile app are upgrading with simpler onboarding, real-time pricing, and more.
Available Now: We’re upgrading our app to provide strategies that could help support investors with income-generation goals.
Our Options 101 guide and SoFi Learn articles could help you understand basic strategies before you start trading.
Get started
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SoFi Invest® will soon expand options trading, offering access to Level 1 strategies in addition to current Level 2 availability. Approved investors can access all levels at once, all in our easy-to-use app.
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SoFi Invest® online options trading has no contract fees and no commissions. Plus, our in-app coaching resources, tools, and real-time pricing can help you choose your strategy and make informed decisions.
Other fees may apply—see a full list here. Information is from competitor websites as of September 2025. Consider the full range of services offered by all firms before making a decision.
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Finding organized resources for options trading can be tough. Consider our educational content hub your one-stop-shop for all things options.
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When buying options (like long calls or long puts), the maximum loss is limited to the premium paid for the option. This allows investors to participate in movement of the market that may be in their favor, while the loss is limited to the premium paid.
We’re required to evaluate whether various levels of options strategies are appropriate for members, based on information such as trading experience, investment objectives, risk tolerance, and financial situation. Different brokerages are able to set specific parameters (e.g., account equity) based on their discretion. If you’re approved to trade options at SoFi, you can execute covered calls, cash secured puts, long calls and long puts.
You can reapply after 7 days if you believe you made a mistake in answering the questions. If you apply for a second time and do not get approved again, you must wait 90 days before applying for a third time.
There are several option trading levels, each of which allows additional access to various forms of options trading based on the experience, risk tolerance and investment objectives. Option levels are an industry standard way to determine how much risk a client should be allowed to take, with level 1 being lower risk strategies and higher levels having riskier options.
SoFi currently supports level 2 options execution, which means you can buy long calls and long puts, and sell to close positions. All approved accounts are assigned to level 2 options strategies by default. Level 1 capabilities (selling covered calls and cash secured puts) are coming soon and will automatically be added as soon as they are available.
Level 1: covered calls and cash secured puts
Trading level 1 is the lowest level and it typically only permits two types of trades: a covered call sold against a long stock position in your account and a cash secured put to sell a position, while setting aside enough cash to buy the underlying stock.
Level 2: long options
Trading level 2 adds the ability to buy call options and put options. This is typically the level that most beginners are allowed to start with.
The key difference between level 1 and level 2 is that traders are able to make directional bets with level 2. And since they can only buy and not write options, a trader’s risk is limited to only the money used when buying the options.
1. Log in to your SoFi account, navigate to the Invest tab, and select your Individual active invest account.
2. Tap the magnifying glass to search.
3. Tap “Trade” on the detail page for the stock or ETF.
4. Tap “Trade options” and use the option chain search to view information about marketable options for a security.
There are many things to consider when choosing an option:
■ The expiration date is displayed just below the strategy and underlying security. You can scroll right to see expirations further into the future.
■ The strike prices are listed high to low—and you can scroll up or down to see different strike prices.
■ The break-even point is where the underlying security needs to trade at expiration for you to break even on your investment, taking into account the current value (premium) of the option.
■ The break-even percentage is the percentage change the underlying security would need to move for you to break even on the option at expiration.
■ The premium (price) is listed on the right of your screen.
■What’s the price? The value shown is the mark price (see below).
In addition to the above options characteristics, you should consider other elements such as your market outlook and risk tolerance when selecting an options contract.
When you buy a call, you pay the option premium in exchange for the right to buy shares at a fixed price (strike price) on or before a certain date (expiration date). Investors often buy calls when they are bullish on a stock or (other security) because it offers leverage.
You should always research the security and consider the amount of premium outlay, the strike price, and the expiration (as the longer the time to expiration, the higher the option premium). When buying a call there is unlimited upside potential, and the premium (price) paid for the option is the maximum you can lose.
Buying a put option is used to express a bearish view (which means you expect the stock price to fall below the strike price).
A put option gives the buyer the right to sell an underlying asset at a specified price on or before a certain date. Buying a put option is used to express a bearish view (which means you expect the stock price to fall below the strike price). Keep in mind that the maximum loss being the premium paid for the option.
You can visit our Support Center Articles here to learn more about Options here.
See all FAQs
Trading options online with SoFi means no commissions or contract fees (other fees may apply). And our redesign gives you more possibilities based on your experience and risk tolerance—all on one simple, powerful app.
Get started
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17.24% – 29.24% APR after that, based on creditworthiness. Plus, earn unlimited 2% cash back rewards^ and a welcome bonus between $10 and $10K in rewards points.† All that from a card with no annual fee.‡
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1You can choose to stop receiving “prescreened” offers of credit from this and other companies by calling toll-free 1-888-5-OPTOUT (1-888-567-8688). See PRESCREEN AND OPT-OUT NOTICE BELOW for more information about prescreened offers.
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Refinancing your student loan^ could help save you a ton of money, and you can get an additional $20001 welcome bonus when you refinance your student loan using this page.
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Checking your rate will not affect your credit score.✝︎
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Save thousands of dollars thanks to flexible terms and low fixed or variable rates.
Simple online application and access to live customer support 7 days a week.
No application or origination fees. No pre-payment penalties.
SoFi members get financial advice and more—all at no cost.
$50 billion+
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582,000+
members have refinanced their student loans
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of surveyed members would recommend SoFi to a friend 3
We’ll let you know if you’re qualified before you complete the full application.
Choose between saving on your monthly payment or saving on total student loan interest.
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.
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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.
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 here.
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.
Learn more at https://www.sofi.com/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
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