SoFi Invest members who make eligible contributions to individual retirement accounts between now and April 15 can look forward to a 2% matching contribution from the digital personal finance firm.
The firm's new offer doubles the previously announced 1% IRA match offered in late 2023, according to the announcement. The goal of offering the matches, according to the firm, is to empower SoFi members to make the most of their IRA contributions and accelerate their retirement savings during tax season.
SoFi members can earn the match on all new automated clearing house transfers into IRA accounts. The match will be treated as interest earned on the account and won't affect contribution limits, SoFi says.
