Fool.com contributor and finance professor Parkev Tatevosian looks at how successful SoFi (SOFI +0.41%) has been in retaining customer deposits.
*Stock prices used were the afternoon prices of May 11, 2023. The video was published on May 13, 2023.
Are People Moving Deposits Out of SoFi Bank?
By Parkev Tatevosian, CFA – May 14, 2023 at 7:01AM
NASDAQ: SOFI
SoFi Technologies
Market Cap
$34B
Today's Change
(0.41%) $0.12
Current Price
$28.45
Price as of November 26, 2025 at 3:58 PM ET
With interest rates rising, people are looking to move their money to higher-yielding places.
About the Author
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.