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SoFi Leads Best Savings And Investment Apps In National Consumer Survey

By IBD STAFF

In a survey by IBD and TechnoMetrica, three savings and investment apps rated as the Best In Fintech by earning the highest overall customer ratings across six performance categories. SoFi, the unit of SoFi Technologies, earned the No. 1 overall rating. It was followed by Webull and Plaid.

The survey asked 6,000 consumers to rate their experience with fintech apps they used in the last 12 months. Six savings and investment apps qualified for the survey analysis. The ones that failed to crack into the top three overall Best In Fintech territory were Acorns, Stash and Robinhood, although each ranked highly in at least one category. To qualify for the rankings, at least 100 of a company's customers had to participate in the survey.

We list below the best savings and investment apps in Overall Customer Experience. Scroll down to see Category Rankings. For more details, read our full report on the best savings and investment apps, as well more coverage of the Best In Fintech 2022. (Other Best In Fintech topics covered in this series include digital wallets and cryptocurrency apps.)

The Best In Fintech logo and accolade are available for licensing through IBD's partner, The YGS Group, at IBDlicensing@investors.com or 800-290-5460.

Savings & Investment Apps: Overall Customer Experience

1 SoFi 66.5
2 Webull 63.8
3 Plaid 63.7
CATEGORY RANKINGS

Customer Service

1 SoFi 64.3
2 Webull 61.7
3 Plaid 58.4

Ease of Use

1 SoFi 80.1
2 Webull 69.1
3 Robinhood 68.4

Fair Prices/Fees

1 Webull 70.1
2 Plaid 60.0
3 SoFi 59.0

Rewards

1 SoFi 53.7
2 Plaid 51.3
3 Acorns (tie) 44.8
3 Stash (tie) 44.8

Security/Privacy

1 Webull 81.5
2 SoFi 78.8
3 Plaid 74.1

Transaction Speed

1 Plaid 73.2
2 SoFi 63.1
3 Acorns 60.6
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Dive Deeper:
Here Are The 3 Best Savings And Investment Apps; Are SoFi, Robinhood Among Them?
Lots of savings and investment apps promise to help consumers get ahead, but some get poor reviews. A survey found…
Stock Of The Day Constellation Brands Shows Technical Strength Near Buy Point
Constellation Brands targets growth in the market for high-end beers — and CBD too.
Can peer-to-peer lending work for you?
One can lend a maximum of ₹50 lakh across all P2P platforms, but note here that it is a high-risk…
Warren Buffett Owns Shares of Nu Holdings, Should You?
Warren Buffet’s Berkshire Hathaway (BRK.A, BRK.B) has made a hefty investment in Brazilian fintech company Nu Holdings (NU). The company…
One subscription that gives you access to news from hundreds of sites
Best Socket Sets For Cars
Our review team gets into the nuts and bolts of the best socket sets available.
Stock Of The Day, CF Industries, Makes Bullish Move, Breaks Trendline
Nitrogen fertilizer producer touts strong dynamics in nitrogen industry. CF Industries stock also taps shift to green hydrogen.
Get all your news in one place