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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.
When you need the money. Investment options. Potential interest rate. Risk. A year or less. High-yield savings and money market accounts, cash management accounts
There’s no universal “right” answer for what to do with $50K — rather, the best options depend on your debts, budget and long-term goals. See the 5 best ways to invest and grow your money.
It’s great for short-term goals, emergency funds or savings you might need to access quickly. Unlike a no-penalty CD, you can add or withdraw money anytime without locking up your funds.
An investment normally counts as a cash equivalent when it has a short maturity period of 90 days or less, and can be included in the cash and cash equivalents balance from the date of acquisition when it carries an insignificant risk of changes in the asset value. If it has a maturity of more than 90 days, it is not considered a cash equivalent.
Here are the best low-risk investments in 2024: High-yield savings accounts. Money market funds. Short-term certificates of deposit. Series I savings bonds. Treasury bills, notes, bonds and TIPS ...
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