Update 3/16/20: Rate reduced further to .10%.
[Update 9/19/19: Rate reduced further to 1.80%.]
SoFi has announced that the interest rate on the SoFi Money account will be reduced from 2.25% APY to 2% APY effective August 1st, 2019. This account was somewhat competitive before, but now it’s not even remotely close to being competitive. I’d recommend having a look at the best high interest rates currently available here.
Hat tip to Brenden F
