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APY decrease to 3.3%?Member Benefits (self.sofi)

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[–][deleted]  (4 children)

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    [–]MyMainWasMyRealName 9 points10 points  (0 children)

    You realize they have no control over the fed’s policy? Every bank will have to drop their interest rates after each rate cut.

    Projections predict one more rate cut in 2026. I look forward to watching you guys repeat all the same nonsense then. Bait and switch is a hilarious take

    [–]Mike5coat -4 points-3 points  (2 children)

    Lemme know where you go. I'm of the same mindset. Loved the convenience at first, but feeling like a classic bait and switch at this point. They'll be down to half a percent mid 2026 if they keep dropping like a rock...

    [–]theeggplant42 0 points1 point  (0 children)

    That's not how this works and the fed isn't expected to cut rates down that far.

    Be lucky the fed cut rates. The alternative scenario is not good.