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SoFi was founded in 2011 as a student loan refinancing company. In 2019, SoFi — , short for Social Finance — expanded into investment services, offering a user-friendly platform to new investors.
Let’s break down these key differences. With savings accounts, your money stays protected — a $10,000 deposit remains $10,000, plus the interest you earn.
Saving. Investing. Minimal risk. Savings account balances have no risk of declining. Plus, FDIC insurance protects your money in the unlikely event that your bank or credit union goes under.
Learn more in our guide to saving and investing to find the best approach for your golden years. Sources 401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000 , IRS.
An asset management company is an asset management / investment management company/firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives. For a fee, the company/firm provides more diversification , liquidity , and professional management consulting service than is normally available ...
🔍 See our methodology for the best online high-yield savings accounts: LendingClub LevelUp Savings: Up to 4.50% APY Barclays Tiered Savings: Up to 4.50% APY
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