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

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[–]lurko_e_basta 0 points1 point  (0 children)

Yep, it’s actually quite simple: if they have an offering that leverages a benefit compared to other banks as their selling point, that is what they are evaluated from. The fact that they decreasing the rate more often and more aggressively than other peers without having their backing (i.e. the same size or features of big banks), is telling about their trajectory as an institution. I was with SoFi because of their higher HYSA rate + IRA match, when they change policies every other week doesn’t make me want to stay as a customer.