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If you're already deeply in the Apple financial ecosystem perhaps it makes sense but if you're just chasing yield there are better options out there. SoFi will pay you 4.2%, and there are lesser known banks above that. Treasury money market funds (e.g. VUSXX) will pay you in the high 4% range (VUSXX is at 4.68%) and are exempt from state and local taxes too.


I have a checking account that pays 5.9% APY, I wouldn’t trust sofi with my money.


Which bank is offering 5.9% APY? Just curious, whats wrong with Sofi?




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