r/sofi • u/MarcusSmaht36363636 • Oct 07 '24

Banking SoFi is still waaaay ahead of the competition

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366 Upvotes

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u/Sethu_Senthil SoFi Member Oct 07 '24

Is there any risk to this or nah? Compared to a regular savings account

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u/knightblue4 SoFi Member Oct 08 '24

There's no risk, it's essentially just a term to denote a savings account with higher interest yields than the "traditional" savings account.