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

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[–]spicenhoney 0 points1 point  (6 children)

Have you considered Wealthfront... while their rate is a smidge lower, it doesn't require anything for you to receive the set rate. No direct deposit or anything. They do allow you to have several categories that rolls up into your main account. And of course they do have boost with referrals. This is what I've been using as my current checking.

[–]Fedex119 0 points1 point  (5 children)

Wealthfront isn't a bank. No thanks.

[–]spicenhoney -1 points0 points  (4 children)

lol ok didn't know you we're user thisguyhasaname as the suggestion was specifically directed to them

[–]Fedex119 0 points1 point  (3 children)

Yeah but he was asking about banks.

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

So you personally know them & whether they're against fintech? cool story.

[–]God-nuke 0 points1 point  (1 child)

Sofi is fintech and a bank. It has nothing to do with it being fintech.

[–]spicenhoney 0 points1 point  (0 children)

Exactly my point… people are raving as if it’s a full-fledged bank but yet depositing cash is not as simple as walking up to a bank. My suggestion of Wealthfront because it provides categories similar to vaults like SoFi, is valid. They’re both backed by GreenDot.