SoFi Offers 4.40% Yield on Digital Dollars With Full FDIC Protection
SoFi has launched SoFi Earn (SOFIE), a tokenized consumer bank deposit offering 4.40% annual percentage yield (APY) and federal deposit insurance. The new product allows customers to earn interest while preparing to purchase cryptocurrencies or transfer money through blockchain networks. It marks the company’s fifth crypto-related offering in less than a year. SoFi Launches Tokenized […]
Key Takeaways
- SoFi has launched SoFi Earn (SOFIE), a tokenized consumer bank deposit offering 4.40% annual percentage yield (APY) and federal deposit insurance.
- The new product allows customers to earn interest while preparing to purchase cryptocurrencies or transfer money through blockchain networks.
- It marks the company’s fifth crypto-related offering in less than a year.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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