SoFi vs M1 Finance

SoFi is a personal loans with low APR and fees. Must have good credit to qualify. How does it compare to M1 Finance? Read our comparison chart below.

	SoFi	M1 Finance

	Learn More	Visit Site
	OFFER Refinance Student Loans - Learn More Read SoFi Review	SPECIAL OFFER M1 Investment Account - Up to $500 Bonus - Learn More Read M1 Finance Review
	Benefits and Features
Savings	Up to 4.60% APY
Stock Trading		$0
Options Trading		No
CD	N/A
Checking	0.50% APY on checking balances with direct deposit activity or qualifying deposits
Mutual Fund Trading		No
Banking		All users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements.
Mobile App
	CreditDonkey® Reviews

Fees
Eligibility
Interest Rates
Annual Fee
Minimum Deposit
Mobile App
Customer Service
Ease of Use
Research
Pros & Cons	Pros: Competitive, fixed rates Low fees No collateral Cons: Slower underwriting process High standards for borrowers	Pros: Choose your own investments Can invest in individual stocks No account fees Cons: No research No human advisors Can only trade once a day
Bottom Line	Personal loans with low APR and fees. Must have good credit to qualify... Read full review	No-fee investing app that allows you to choose your own investments... Read full review
	Learn More	Visit Site
	Refinance Student Loans Personal Loans: Borrow Between $5k-$100k Active Investing with SoFi	M1 Investment Account - Up to $500 Bonus Commission Free Stock Trading Get M1 Plus Free for First 3 Months
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. M1 Finance: Pricing information from published website as of 12/26/2023.

M1 Investment Account - Up to $500 Bonus

Open a new M1 investment account. Deposit $10,000 or more into the account within 14 calendar days of account opening. Promotional credit will depend on the deposited value made into the account.

Deposited Value	Promotional Credit
$10,000 - $29,999.99	$75
$30,000 - $49,999.99	$150
$50,000 - $99,999.99	$250
$100,000+	$500

This offer is only for customers who have never registered for an M1 user account.

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Expires 12/31/2024

Commission Free Stock Trading

Start Investing

M1 Finance allows investors the choice of ETFs and stocks. M1 charges no management fees or commission.

Get M1 Plus Free for First 3 Months

New M1 customers get M1 Plus for free on their first 3 months, then it's just $3 a month.

M1 Plus is a paid membership that confers benefits for products and services offered by M1 Finance LLC, M1 Spend LLC and M1 Digital LLC, each a separate, affiliated, and wholly-owned operating subsidiary of M1 Holdings Inc. "M1" refers to M1 Holdings Inc., and its affiliates.

*Your free trial (a $9 value) begins the date you enroll in the M1 Plus subscription, and ends 3 months after (“Free Trial”). Upon expiry of the Free Trial, your account is automatically billed a monthly subscription fee of $3 unless you elect annual billing of $36 or cancel your subscription under your Membership details in the M1 Platform. We'll remind you when your renewal date is approaching.

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SoFi is an online bank offering checking and savings accounts. But does it have physical branches? Keep reading to find out.

SoFi High Yield Savings Review

Want a high APY and easy access to your money? Get the best of both worlds with SoFi's Checking and Savings account.

SoFi Mortgage Review

Thinking about buying a home or refinancing your existing mortgage? Is SoFi a good online lender or should you stick with a traditional bank? Read on for the pros and cons.