Capital One vs Sofi Bank
High-Yield Savings Accounts Comparison
Last Updated: July 15, 2025
Summary of Capital One vs. SoFi Bank
As of July 15, 2025 Capital One offers an APY of 3.50% for its 360 Performance Savings account, compared to SoFi Bank's 3.80% APY for its SoFi Savings account.
SoFi Bank yields $30 more than Capital One on a $10,000 balance after one year. Capital One pays $350, while SoFi Bank pays $380 - an APY advantage for SoFi Bank.
Capital One
Strengths
- Capital One has over 200 branches across several states.
- Capital One's App Store rating is 4.9, indicating strong user satisfaction.
- Capital One offers a competitive APY of 3.50%.
Potential Drawbacks
- Capital One's APY decreased from 3.60% in the last 30 days.
- Capital One does not offer a direct deposit requirement for higher APY.
SoFi Bank
Strengths
- SoFi Bank offers a higher APY of 3.80% for qualifying deposits.
- SoFi Bank's App Store rating is 4.8, reflecting positive feedback.
Potential Drawbacks
- SoFi Bank has no physical branches, limiting in-person access.
- SoFi Bank requires direct deposit or a $5,000 Qualifying Deposit for the higher APY.
Summary: Capital One provides a strong branch presence and a solid APY of 3.50%, though it recently decreased. In contrast, SoFi Bank offers a higher APY of 3.80%, but requires direct deposit or a significant deposit to achieve it. Both banks have high App Store ratings, with Capital One slightly ahead. However, SoFi lacks physical branches, which may be a drawback for some customers.
Compare Capital One's vs SoFi Bank's Savings Accounts
| Capital One | SoFi Bank | ||
|---|---|---|---|
| Product | 360 Performance Savings | vs | SoFi Savings |
| APY | 3.50% (as of 7/15/2025) | 3.80% (as of 7/15/2025) | |
| Bundled Account | No | Yes | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | Yes | |
| Compound Frequency | Monthly | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No. Without direct deposit or "Qualifying Deposits" the APY will be significantly lower | |
| Note | N/A | The 3.80% APY requires either a direct deposit of regular income (of any amount) or a Qualifying Deposit of $5,000 for any 30-day period. The savings account comes bundled with a checking account. | |
| Visit Bank | 360 Performance Savings | SoFi Savings | |
| App Store Rating | 4.9/5 | 4.8/5 | |
| Google Play Rating | 4.5/5 | 4.5/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 6 Months)
| Capital One | SoFi Bank | ||
|---|---|---|---|
| Product | 360 Performance Savings | vs | SoFi Savings |
| Latest APY | 3.50 % | 3.80 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.4 | -0.3 | |
| Rate Changes / Mo | 0.51 | 0.17 | |
| Days Since Last Change | 19 | 172 | |
| High (-6 m) | 3.80 % | 4.00 % | |
| Low (-6 m) | 3.50 % | 3.80 % | |
| Draw-down from High | -7.9 % | -5.0 % | |
| Volatility (CV) | 0.022 | 0.007 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-6 m)
- Highest APY in the last 175 days.
- Low (-6 m)
- Lowest APY in the last 175 days.
- Draw-down from High
- How far today sits below the 6-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Calculate Savings Growth for Capital One vs SoFi Bank
All calculations are based on APY.
Capital One
APY: 3.50%
Total savings breakdown:
- Interest earned: $35 (3.38%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.62%)
Your total balance
$1,035.00
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $1,035
Earnings: $35
Bank DetailsSoFi Bank
APY: 3.80%
Total savings breakdown:
- Interest earned: $38 (3.66%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.34%)
Your total balance
$1,038.00
Effective APY: 3.80% (based on your deposit and contributions)
Total balance: $1,038
Earnings: $38
Bank DetailsAfter 1 year Capital One would earn you $3 less than SoFi Bank.
More Comparisons
Compare Capital One's APY of 3.50% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Capital One vs Ally Bank | 3.50% | $0 |
| Capital One vs American Express | 3.60% | $0 |
| Capital One vs Axos Bank | 4.66% | $0 |
| Capital One vs Bank of America | 0.01% | $100 |
| Capital One vs Barclays | 4.10% | $0 |
| Capital One vs Chase Bank | 0.01% | $0 |
| Capital One vs Chime | 3.75% | $0 |
| Capital One vs CIT Bank | 4.00% | $100 |
| Capital One vs Discover Bank | 3.50% | $0 |
| Capital One vs Fitness Bank | 5.00% | $100 |
| Capital One vs Marcus by Goldman Sachs | 3.65% | $0 |
| Capital One vs Presidential Bank | 4.50% | $5,000 |
| Capital One vs Synchrony Bank | 3.80% | $0 |
| Capital One vs Varo Bank | 5.00% | $0 |
| Capital One vs Wells Fargo | 2.51% | $25 |
Compare SoFi Bank's APY of 3.80% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| SoFi Bank vs Ally Bank | 3.50% | $0 |
| SoFi Bank vs American Express | 3.60% | $0 |
| SoFi Bank vs Axos Bank | 4.66% | $0 |
| SoFi Bank vs Bank of America | 0.01% | $100 |
| SoFi Bank vs Barclays | 4.10% | $0 |
| SoFi Bank vs Chase Bank | 0.01% | $0 |
| SoFi Bank vs Chime | 3.75% | $0 |
| SoFi Bank vs CIT Bank | 4.00% | $100 |
| SoFi Bank vs Discover Bank | 3.50% | $0 |
| SoFi Bank vs Fitness Bank | 5.00% | $100 |
| SoFi Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| SoFi Bank vs Presidential Bank | 4.50% | $5,000 |
| SoFi Bank vs Synchrony Bank | 3.80% | $0 |
| SoFi Bank vs Varo Bank | 5.00% | $0 |
| SoFi Bank vs Wells Fargo | 2.51% | $25 |