The company already offers an interest-earning account, but the company does not control the rate at this time. Becoming a bank would allow them to set the rate beyond the 2.25% currently offered. To bolster its banking ambitions, SoFi is planning an acquisition of community bank Golden Pacific Bancorp for $22.3 million, it adds.
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SoFi Wants to Give Users Elevated Interest Rates After It Becomes a Bank: CEO
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