FNBO Direct vs. SoFi Bank
Comparing FNBO Direct and SoFi Bank for high-yield savings: FNBO Direct's High-Yield Online Savings Account pays 3.00% APY while SoFi Bank's SoFi Savings pays 4.00% APY (including a 6-month 0.70% promo boost).
Note: SoFi Bank requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? SoFi Bank pays $65 more than FNBO Direct annually ($365 vs $300).
Choose FNBO Direct if you want a no-strings-attached account, you want to avoid a promo rate with a scheduled drop, or you're an Android user. Choose SoFi Bank if getting the best rate matters most.
Important Considerations
The key difference? SoFi Bank's 4.00% rate includes a promotional bonus for the first 6 months, after which it reverts to the standard rate (currently 3.30%). FNBO Direct's 3.00% rate has no scheduled drop, though all rates are subject to change.
SoFi Bank requires a checking account to unlock its top savings rate, while FNBO Direct offers its savings account standalone.
| Metric | FNBO DirectHigh-Yield Online Savings Account Apr 21, 2026 | SoFi BankSoFi Savings Apr 21, 2026 |
|---|---|---|
| APY | 3.00% | 3.30% - 4.00% |
Est. Earnings | $5,000+$150 $10,000+$300 $25,000+$750 | $5,000+$183 $10,000+$365 $25,000+$913 |
Min Deposit | $1 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | Limited offer: The 4.00% includes a temporary 0.70% APY boost for 6 months. It is available with 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 with a 0.50% APY. |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® SupportedRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppZelle® SupportedChecking BundleDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing FNBO Direct vs. SoFi Bank
Executive Summary
SoFi Bank offers a competitive APY of 4.00% on its SoFi Savings account, which includes a temporary 0.70% APY boost for six months, available through a direct deposit of regular income or a $10/month subscription fee. This account also bundles a checking account with a 0.50% APY, making it an attractive option for those looking for comprehensive banking solutions. In contrast, FNBO Direct's High-Yield Online Savings Account provides a solid APY of 3.00% with no minimum balance requirement, but lacks the additional features offered by SoFi. Both accounts are online-only and have no maintenance fees.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why FNBO Direct?
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.7 vs 3.9)
Why SoFi Bank?
- ✓Earn a $50 bonus with $1,000+ in direct deposits, or $300 with $5,000+.
- ✓Earn 0.50% APY on checking account with access to 55,000+ fee free ATMs
- ✓Higher potential APY (4.00% vs 3.00%) on all balances
— Key Feature Differences —
Better Returns at $10,000
SoFi BankSoFi Bank's SoFi Savings earns more on smaller deposits (approx. $365 vs $300/yr).
Better Returns at $25,000
SoFi BankSoFi Bank's SoFi Savings pulls ahead with larger amounts (approx. $913 vs $750/yr).
Best for All-in-One Banking
SoFi BankSoFi Bank's SoFi Savings pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period (factoring in a 6-month promo), SoFi Bank's SoFi Savings pays $65 more interest on a $10,000 balance than FNBO Direct's High-Yield Online Savings Account.
*SoFi Bank's calculation includes their 6-month introductory promotional rate and subsequent standard rate.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
FNBO Direct vs. SoFi Bank Savings Calculator
You earn $64.9 more with SoFi Bank than FNBO Direct on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
FNBO Direct
High-Yield Online Savings Account
Savings Breakdown
- Interest Earned+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
SoFi Bank
SoFi Savings
Promo Rate: 4.00% for 6 months, then 3.30%.
Savings Breakdown
- Interest Earned+$364.90(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,364.90
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $299 per year in interest.
Both FNBO Direct and SoFi Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | FNBO Direct | SoFi Bank |
|---|---|---|
| APY | 3.00% Verified: 4/21/2026 Stable (90d) | 4.00% Range: 3.30% - 4.00% Verified: 4/21/2026 Stable (90d) |
| Product Name | High-Yield Online Savings Account | SoFi Savings |
| Minimum Deposit | $1 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Monthly | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | N/A |
| Direct Deposit Req. | None | While direct deposit is not required, the alternative is a subscription fee of $10/month |
| Checking Bundle | No | Yes |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Online division fully supports Zelle. | Available Native support added in 2024 for banking members. |
| BBB Rating | A+ | A+ |
| Important Notes | - | Limited offer: The 4.00% includes a temporary 0.70% APY boost for 6 months. It is available with 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 with a 0.50% APY. |
| Next Steps | Visit SiteVerify at FNBO Direct Non-sponsored link to official site | Visit SiteVerify at SoFi Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | FNBO Direct | SoFi Bank |
|---|---|---|
| High-Yield Online Savings Account | SoFi Savings | |
Current APY | 3.00% | 4.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.9 | -2.1 |
Days Since Change | 200 | 119 |
9-Month High | 3.25% | 4.50% |
9-Month Low | 3.00% | 3.80% |
Adjustments / Mo | 0.11 | 0.33 |
Volatility Score | 0.033 | 0.057 |
How to read these metrics(Click to expand)
Compare Similar Alternatives
Compare FNBO Direct vs...
Comparing against Standard Savings
Compare SoFi Bank vs...
Comparing against other Bundled Accounts
More Comparisons
Compare FNBO Direct's APY of 3.00% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| FNBO Direct vs Ally Bank | 3.10% | $0 |
| FNBO Direct vs American Express | 3.20% | $0 |
| FNBO Direct vs Axos Bank | 4.21% | $0 |
| FNBO Direct vs Barclays | 3.75% | $0 |
| FNBO Direct vs Capital One | 3.20% | $0 |
| FNBO Direct vs Chime | 3.00% | $0 |
| FNBO Direct vs CIT Bank | 3.75% | $100 |
| FNBO Direct vs Discover Bank | 3.30% | $0 |
| FNBO Direct vs EverBank | 3.90% | $0 |
| FNBO Direct vs Marcus by Goldman Sachs | 3.50% | $0 |
| FNBO Direct vs Newtek Bank | 4.20% | $0.01 |
| FNBO Direct vs Openbank | 4.00% | $500 |
| FNBO Direct vs Pibank | 4.40% | $0 |
| FNBO Direct vs Synchrony Bank | 3.40% | $0 |
| FNBO Direct vs Varo Bank | 5.00% | $0 |
| FNBO Direct vs Wealthfront | 4.20% | $0 |