SoFi reported adding 1.1 million new members in Q1 2026, reaching 14.7 million total, a 35% year-over-year increase. Product adoption grew even faster, with 1.8 million new products added and 43% of these taken by existing members, highlighting strong cross-selling success. Lending remains the main revenue driver, with $12.2 billion in loans originated, while deposits rose to over $40 billion, supporting stable funding. The company’s revenue hit $1.1 billion, up 41% year-over-year, with growing contributions from fees and technology services, signaling a maturing platform strategy that deepens customer engagement and diversifies income streams.
SoFi Technologies has declined about 30% year-to-date after two disappointing earnings reports in 2026, underperforming both the fintech sector and the broader market. Investors are looking to the Q2 earnings announcement on July 29 for signs of reco...
With the Federal Reserve expected to keep interest rates steady, high-yield savings accounts are offering attractive returns up to 4.50% APY in mid-2026. Online banks continue to compete aggressively, keeping rates well above the national average of ...
In 2026, high-yield savings accounts (HYSAs) are offering attractive interest rates up to 4.50% APY, far above the national average of around 0.38%. Despite recent Federal Reserve rate cuts and holds, many online banks maintain competitive rates to a...
Three high-yield savings accounts—SoFi, Synchrony Bank, and Barclays—stand out for offering strong APYs without minimum balance requirements. SoFi offers up to 3.80% APY with perks like early paycheck access and bonuses up to $400, ideal for those wi...
