Pibank vs. Sofi Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of Pibank vs. SoFi Bank
Key Metrics at a Glance
| Feature | Pibank | SoFi Bank |
|---|---|---|
| Top Savings APY | 4.60% Pibank Savings | 4.50% SoFi Savings |
| Minimum to Open | $0 | $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 4.50%. 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. |
Pibank
Strengths
- Pibank offers a higher APY of 4.60% compared to SoFi Bank's 4.50%.
- Pibank has no maintenance fees and no minimum balance requirements.
- Pibank's BBB rating is A, indicating good trustworthiness.
Potential Drawbacks
- Pibank has low App Store and Google Play ratings of 2.4 and 1.7, respectively.
- Pibank is not BBB accredited, which may affect trust for some customers.
- Pibank has no branches for in-person banking.
SoFi Bank
Strengths
- SoFi Bank has a high App Store rating of 4.8 and a Google Play rating of 4.1.
- SoFi Bank's BBB rating is A+, indicating excellent trustworthiness.
- SoFi Bank offers a limited-time APY boost option for qualifying deposits.
Potential Drawbacks
- SoFi Bank's APY is slightly lower at 4.50% compared to Pibank's 4.60%.
- SoFi Bank requires direct deposit or qualifying deposits for the APY boost.
- SoFi Bank has no branches for in-person banking.
Summary: Pibank offers a higher APY at 4.60% compared to SoFi Bank's 4.50%, but lacks branch access and has lower app ratings. SoFi Bank provides a better BBB rating of A+ and higher app ratings, along with an APY boost option, but requires qualifying deposits for this benefit. Both banks have no maintenance fees and no minimum balance requirements, making them competitive in the online banking space.
→ As of October 21, 2025 Pibank offers an APY of 4.60% for its Pibank Savings account, with a minimum balance of $0.01, compared to SoFi Bank's 4.50% APY for its SoFi Savings account, with a minimum balance of $0.
→ Pibank yields $10 more than SoFi Bank on a $10,000 balance after one year. Pibank pays $460, while SoFi Bank pays $450 - an APY advantage for Pibank.
Calculate Savings Growth for Pibank vs SoFi Bank
All calculations are based on APY.
Pibank - Pibank Savings
Top APY: 4.60%
Total savings breakdown:
- Interest earned: $2,825.8 (13.57%)
- Total contributions: $13,000 (62.42%)
- Initial deposit: $5,000 (24.01%)
Your total balance
$20,825.80
Effective APY: 4.60% (based on your deposit and contributions)
Total balance: $20,825.8
Earnings: $2,825.8
Bank OverviewSoFi Bank - SoFi Savings
Top APY: 4.50%
Total savings breakdown:
- Interest earned: $2,760.1 (13.30%)
- Total contributions: $13,000 (62.62%)
- Initial deposit: $5,000 (24.08%)
Your total balance
$20,760.10
Effective APY: 4.50% (based on your deposit and contributions)
Total balance: $20,760.1
Earnings: $2,760.1
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Pibank's total earnings would be $65.7 higher than SoFi Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Pibank's vs SoFi Bank's Savings Accounts
| Pibank | SoFi Bank | ||
|---|---|---|---|
| Product | Pibank Savings | vs | SoFi Savings |
| APY | 4.60% (as of 10/21/2025) | 4.50% (as of 10/21/2025) | |
| Bundled Account | No | Yes | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $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 4.50%. 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 | 2.4/5 | 4.8/5 | |
| Google Play Rating | 1.7/5 | 4.1/5 | |
| BBB Rating | A | A+ |
Comparative Historical APY Insights (Last 8 Months)
| Pibank | SoFi Bank | ||
|---|---|---|---|
| Product | Pibank Savings | vs | SoFi Savings |
| Latest APY | 4.60 % | 4.50 % | |
| Trend | Sideways | Rising | |
| Slope (bps/mo) | -0.0 | 7.0 | |
| Rate Changes / Mo | 0.00 | 0.12 | |
| Days Since Last Change | 244 | 40 | |
| High (-8 m) | 4.60 % | 4.50 % | |
| Low (-8 m) | 4.60 % | 3.80 % | |
| Draw-down from High | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.000 | 0.066 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 8 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 (-8 m)
- Highest APY in the last 249 days.
- Low (-8 m)
- Lowest APY in the last 249 days.
- Draw-down from High
- How far today sits below the 8-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.
More Comparisons
Compare Pibank's APY of 4.60% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Pibank vs Ally Bank | 3.40% | $0 |
| Pibank vs American Express | 3.50% | $0 |
| Pibank vs Axos Bank | 4.51% | $0 |
| Pibank vs Bank of America | 0.01% | $100 |
| Pibank vs Barclays | 4.10% | $0 |
| Pibank vs Bask Bank | 4.05% | $0 |
| Pibank vs BrioDirect | 4.20% | $5,000 |
| Pibank vs Capital One | 3.40% | $0 |
| Pibank vs Chase Bank | 0.01% | $0 |
| Pibank vs Chime | 3.50% | $0 |
| Pibank vs CIT Bank | 3.85% | $100 |
| Pibank vs Citizens Access™ | 3.50% | $0.01 |
| Pibank vs Discover Bank | 3.40% | $0 |
| Pibank vs Elevault | 4.34% | $0 |
| Pibank vs EverBank | 4.05% | $0 |
| Pibank vs Fitness Bank | 4.75% | $100 |
| Pibank vs FNBO Direct | 3.00% | $1 |
| Pibank vs FVCbank | 4.10% | $500 |
| Pibank vs GO2bank | 4.50% | $0 |
| Pibank vs LendingClub | 4.20% | $0 |
| Pibank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Pibank vs Neighbors Bank | 4.50% | $0 |
| Pibank vs Newtek Bank | 4.35% | $0 |
| Pibank vs Peak Bank | 4.20% | $100 |
| Pibank vs Presidential Bank | 4.50% | $5,000 |
| Pibank vs Santander Bank | 0.01% | $25 |
| Pibank vs Synchrony Bank | 3.80% | $0 |
| Pibank vs TIMBR | 4.40% | $1,000 |
| Pibank vs UFB Direct | 3.96% | $5000 |
| Pibank vs Valley Direct | 4.10% | $1,000 |
| Pibank vs Varo Bank | 5.00% | $0 |
| Pibank vs Wells Fargo | 0.05% | $25 |
| Pibank vs Zynlo Bank | 4.20% | $10 |