SoFi

Unexpected expenses such as car repairs, medical bills, or household repairs can derail employees’ financial well-being and impact their performance, attendance, and overall stress. As a result, employers are increasingly looking for ways to financially support their employees, while also helping them build financial well-being and literacy. Thankfully, there’s a solution—SoFi Emergency Savings.

Employers and employees can both make direct contributions to a SoFi Checking and Savings emergency savings account that’s specially earmarked for unexpected expenses, healthcare needs, and other emergencies. It lets employees set and forget contributions through automatic deposit or mobile transfer, which employers can then match—and there are no account fees, no catch. And with SoFi’s high APY, it’s easy for employees to start small and watch their savings grow.