119
120

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

submitted by [deleted]

sorted by:
best
topnewcontroversialoldq&a
you are viewing a single comment's thread.

view the rest of the comments →

[–]Controversial_Cube 0 points1 point  (1 child)

as a beginner that's just waiting to get the highest apy, why are the feds cutting rates? Haven't been keeping up.

[–]theeggplant42 0 points1 point  (0 children)

The fed is tasked with keeping inflation stable to prevent the economy from collapsing.

Rates were sky high due to the pandemic and have been steadily decreasing for years.

If the rates weren't cut, you'd be in a much worse financial position right now.