Citizens Access vs. Sofi Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 16, 2025
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Summary of Citizens Access™ vs. SoFi Bank
Key Metrics at a Glance
| Feature | Citizens Access™ | SoFi Bank |
|---|---|---|
| Top Savings APY | 3.35% Citizens Access® Savings | 4.30% SoFi Savings |
| Minimum to Open | $0.01 | $0 |
| Minimum Balance for Top APY | $0.01 | $0 |
| Note | Limited offer: you can earn a 0.70% APY boost for 6 months, making the total APY 4.30%. This requires either a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with a checking account. |
Citizens Access™
Strengths
- Citizens Access™ has a BBB rating of A+ and is BBB Accredited.
- Citizens Access™ offers a competitive APY of 3.35%, though it decreased from 3.50% last month.
- Citizens Access™ has no maintenance fees or minimum balance requirements.
Potential Drawbacks
- Citizens Access™ has no branch locations.
- Citizens Access™ does not offer a direct deposit option.
SoFi Bank
Strengths
- SoFi Bank offers a higher APY of 4.30%, though it decreased from 4.50% last month.
- SoFi Bank has a mobile app rating of 4.8 on the App Store.
Potential Drawbacks
- SoFi Bank is not BBB Accredited despite having an A+ rating.
- SoFi Bank requires direct deposit or qualifying deposits for the highest APY.
→ As of November 16, 2025 Citizens Access™ offers an APY of 3.35% for its Citizens Access® Savings account, with a minimum balance of $0.01, compared to SoFi Bank's 4.30% APY for its SoFi Savings account, with a minimum balance of $0.
→ SoFi Bank yields $95 more than Citizens Access™ on a $10,000 balance after one year. Citizens Access™ pays $335, while SoFi Bank pays $430 - an APY advantage for SoFi Bank.
Calculate Savings Growth for Citizens Access™ vs SoFi Bank
Citizens Access™ - Citizens Access® Savings
Total savings breakdown:
- Interest earned: $2,018.8 (10.08%)
- Total contributions: $13,000 (64.94%)
- Initial deposit: $5,000 (24.98%)
Your total balance
$20,018.80
Total balance: $20,018.8
Earnings: $2,018.8
Bank OverviewSoFi Bank - SoFi Savings
Total savings breakdown:
- Interest earned: $2,629.4 (12.75%)
- Total contributions: $13,000 (63.02%)
- Initial deposit: $5,000 (24.24%)
Your total balance
$20,629.40
Total balance: $20,629.4
Earnings: $2,629.4
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Citizens Access™'s total earnings would be $610.6 lower than SoFi Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Citizens Access™'s vs SoFi Bank's Savings Accounts
| Citizens Access™ | SoFi Bank | ||
|---|---|---|---|
| Product | Citizens Access® Savings | vs | SoFi Savings |
| APY | 3.35% (as of 11/16/2025) | 4.30% (as of 11/16/2025) | |
| Bundled Account | No | Yes | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0.01 | $0 | |
| Minimum Balance for APY | $0.01 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No. Without direct deposit or "Qualifying Deposits" the APY will be significantly lower | |
| Note | Limited offer: you can earn a 0.70% APY boost for 6 months, making the total APY 4.30%. This requires either a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with a checking account. | ||
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.8/5 | 4.0/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 10 Months)
| Citizens Access™ | SoFi Bank | ||
|---|---|---|---|
| Product | Citizens Access® Savings | vs | SoFi Savings |
| Latest APY | 3.35 % | 4.30 % | |
| Trend | Sideways | Rising | |
| Slope (bps/mo) | -3.6 | 7.7 | |
| Rate Changes / Mo | 0.21 | 0.21 | |
| Days Since Last Change | 17 | 4 | |
| High (-10 m) | 3.70 % | 4.50 % | |
| Low (-10 m) | 3.35 % | 3.80 % | |
| Draw-down from High | -9.5 % | -4.4 % | |
| Volatility (CV) | 0.034 | 0.075 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 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 (-10 m)
- Highest APY in the last 292 days.
- Low (-10 m)
- Lowest APY in the last 292 days.
- Draw-down from High
- How far today sits below the 10-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.