High-Yield Savings Account Comparison

Pibank vs. SoFi Bank

Compare rates, requirements, and features side-by-side to find the best option for you.

Analysis by Aviel Fahl
Updated December 6, 2025
Advertising Disclosure: We may earn a commission from partner links.

Pibank

Pibank Savings

4.60%
APY
Dec 6, 2025
FDIC InsuredNo Minimums
Show Fine Print & Trends
Min. Deposit$0
Min. Balance$0.01
Maintenance Fee$0
Compound FreqDaily
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 25258)
EligibilityUnited States
Mobile Ratings
iOS:2.4Android:1.7
BBB Rating
A(Not BBB Accredited)

Rate Stability

Very StableNo rate changes in last 90 days
Read Bank Overview

SoFi Bank

SoFi Savings

Up to
4.30%
APY
Dec 6, 2025
FDIC InsuredChecking BundleNo MinimumsGreat iOS AppGreat Android App
Range: 3.60% – 4.30%
Show Fine Print & Trends
Min. Deposit$0
Min. Balance$0
Maintenance Fee$0
Compound FreqDaily
Direct DepositWhile direct deposit is not required, the alternative is a subscription fee of $10/month
Deposit InsuranceFDIC Insured(Cert: 26881)
EligibilityUnited States
Mobile Ratings
iOS:4.8Android:4.0
BBB Rating
A+(Not BBB Accredited)

Important Note

Limited offer: The 4.30% 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.

Rate Stability

30 days
↘︎ 0.20%
90 days
↗︎ 0.50%
Read Bank Overview

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.

Find Branch Access

Comparison Analysis

Comparing Pibank vs. SoFi Bank

Updated: Dec 6, 2025

Why Pibank?

  • ✓Higher potential APY (4.60% vs 4.30%) on all balances
  • ✓No checking account or direct deposit required

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 rated iOS app (4.8 vs 2.4)
  • ✓Higher rated Android app (4.0 vs 1.7)

— Key Feature Differences —

Better Returns at $10,000
Pibank

Pibank's Pibank Savings earns more on smaller deposits (approx. $460 vs $430/yr).

Better Returns at $25,000
Pibank

Pibank's Pibank Savings pulls ahead with larger amounts (approx. $1150 vs $1075/yr).

Best for Simplicity
Pibank

Pibank's Pibank Savings offers 4.60% APY with no bundling, direct deposit requirement or caps.

Best Mobile App Experience
SoFi Bank

SoFi Bank offers an iOS app rated 4.8 (vs. 2.4) and Android app rated 4.0 (vs. 1.7)

Shared Benefits

Both offer monthly maintenance-free account options Both banks have options with $0 opening deposit Available Nationwide Available to New & Existing Customers
The Bottom Line

Over a 1-year period, Pibank's Pibank Savings pays $30 more interest on a $10,000 balance than SoFi Bank's SoFi Savings.

SoFi BankPibank
Automated Data Audit

Executive Summary

Pibank offers a competitive savings product, the Pibank Savings, with an APY of 4.60%, making it the highest-yielding option compared to SoFi Bank's SoFi Savings, which has an APY of 4.30%. Pibank's account features no minimum deposit, no maintenance fees, and does not require direct deposit, making it straightforward for users. In contrast, SoFi's account includes a temporary promotional APY boost and requires a direct deposit or a $10 monthly subscription to maintain the higher rate, while also bundling with a checking account that offers a lower APY of 0.50%. Both banks operate online only.

Analysis generated based on current Banksparency database records

* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.

ExplorePibankExploreSoFi Bank
FeaturePibankSoFi Bank
APY
4.60%
Verified: 12/6/2025
Stable (90d)
4.30%
Range: 3.60% - 4.30%
Verified: 12/6/2025
↗︎ 0.50%90d Change
Product NamePibank SavingsSoFi Savings
Minimum Deposit$0$0
Min. Balance for APY$0.01$0
Monthly Fee$0$0
Branch AccessNoneNone
Account Type
Online Only
Online Only
Direct Deposit Req.NoneNone
Checking BundleNo Yes
Mobile Apps
iOS2.4
Android1.7
iOS4.8
Android4.0
BBB RatingAA+
Important Notes-Limited offer: The 4.30% 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
- View Details
- View Details

Savings Comparison

Calculations based on current APY.
$
$

Pibank earns $196.4 more than SoFi Bank.

Pibank

Pibank Savings

4.60% APY

Savings Breakdown

  • Interest Earned
    +$2,825.80(13.6%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,825.80

Effective APY
4.60%
View Details

SoFi Bank

SoFi Savings

4.30% APY

Savings Breakdown

  • Interest Earned
    +$2,629.40(12.7%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,629.40

Effective APY
4.30%
View Details

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

📈 Compare Savings Rates Over Time

Historical Performance

Last 10 Months Analysis
MetricPibankSoFi Bank
Pibank SavingsSoFi Savings
Current APY
4.60%4.30%
Trend
 Stable Stable
Velocity (bps/mo)
-0.08.1
Days Since Change
29524
10-Month High
4.60%4.50%
10-Month Low
4.60%3.80%
Adjustments / Mo
0.000.20
Volatility Score
0.0000.076
How to read these metrics(Click to expand)

Trends & Velocity

  • Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
  • Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
  • Adjustments/Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

  • High/Low: The absolute ceiling and floor of the rate during the 295-day window.
  • Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
  • Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Compare Similar Alternatives

Compare Pibank vs...

Comparing against Standard Savings

vs Pibank
Neighbors BankNo Bundle Req
4.50%
APY
vs Pibank
TIMBRNo Bundle Req
4.40%
APY
vs Pibank
Newtek BankNo Bundle Req
4.35%
APY

Compare SoFi Bank vs...

Comparing against other Bundled Accounts

vs SoFi Bank
Axos BankChecking Bundle
4.31%
APY
vs SoFi Bank
Presidential BankChecking Bundle
4.00%
APY
vs SoFi Bank
UFB DirectChecking Bundle
3.71%
APY

More Comparisons

Compare Pibank's APY of 4.60% with other banks
Bank PairCompetitor APYMin Deposit
Pibank vs Ally Bank3.30%$0
Pibank vs American Express3.40%$0
Pibank vs Axos Bank4.31%$0
Pibank vs Bank of America0.01%$100
Pibank vs Barclays4.00%$0
Pibank vs Bask Bank3.90%$0
Pibank vs BMO Alto3.25%$0
Pibank vs BrioDirect4.00%$5,000
Pibank vs Capital One3.40%$0
Pibank vs Chase Bank0.01%$0
Pibank vs Chime3.50%$0
Pibank vs CIT Bank3.75%$100
Pibank vs Citibank3.30%$0
Pibank vs Citizens Access™3.35%$0.01
Pibank vs Climate First Bank4.21%$50
Pibank vs Discover Bank3.40%$0
Pibank vs Elevault4.08%$0
Pibank vs EverBank4.05%$0
Pibank vs Fitness Bank4.75%$100
Pibank vs FNBO Direct3.00%$1
Pibank vs Forbright Bank4.00%$0
Pibank vs FVCbank3.85%$500
Pibank vs GO2bank4.50%$0
Pibank vs Ivy Bank4.25%$2,500
Pibank vs LendingClub4.20%$0
Pibank vs Marcus by Goldman Sachs3.65%$0
Pibank vs Neighbors Bank4.50%$0
Pibank vs Newtek Bank4.35%$0.01
Pibank vs Openbank4.20%$500
Pibank vs Peak Bank4.20%$100
Pibank vs PNC3.53%$0
Pibank vs Presidential Bank4.00%$5,000
Pibank vs Quontic Bank3.75%$100
Pibank vs Salem Five Direct3.71%$10
Pibank vs Santander Bank0.01%$25
Pibank vs Synchrony Bank3.65%$0
Pibank vs TIMBR4.40%$1,000
Pibank vs UFB Direct3.71%$5000
Pibank vs Valley Direct4.10%$1,000
Pibank vs Varo Bank5.00%$0
Pibank vs Vio Bank4.16%$100
Pibank vs Wealthfront4.15%$0
Pibank vs Wells Fargo0.05%$25
Pibank vs Zynlo Bank4.05%$10
Compare SoFi Bank's APY of 4.30% with other banks
Bank PairCompetitor APYMin Deposit
SoFi Bank vs Ally Bank3.30%$0
SoFi Bank vs American Express3.40%$0
SoFi Bank vs Axos Bank4.31%$0
SoFi Bank vs Bank of America0.01%$100
SoFi Bank vs Barclays4.00%$0
SoFi Bank vs Bask Bank3.90%$0
SoFi Bank vs BMO Alto3.25%$0
SoFi Bank vs BrioDirect4.00%$5,000
SoFi Bank vs Capital One3.40%$0
SoFi Bank vs Chase Bank0.01%$0
SoFi Bank vs Chime3.50%$0
SoFi Bank vs CIT Bank3.75%$100
SoFi Bank vs Citibank3.30%$0
SoFi Bank vs Citizens Access™3.35%$0.01
SoFi Bank vs Climate First Bank4.21%$50
SoFi Bank vs Discover Bank3.40%$0
SoFi Bank vs Elevault4.08%$0
SoFi Bank vs EverBank4.05%$0
SoFi Bank vs Fitness Bank4.75%$100
SoFi Bank vs FNBO Direct3.00%$1
SoFi Bank vs Forbright Bank4.00%$0
SoFi Bank vs FVCbank3.85%$500
SoFi Bank vs GO2bank4.50%$0
SoFi Bank vs Ivy Bank4.25%$2,500
SoFi Bank vs LendingClub4.20%$0
SoFi Bank vs Marcus by Goldman Sachs3.65%$0
SoFi Bank vs Neighbors Bank4.50%$0
SoFi Bank vs Newtek Bank4.35%$0.01
SoFi Bank vs Openbank4.20%$500
SoFi Bank vs Peak Bank4.20%$100
SoFi Bank vs PNC3.53%$0
SoFi Bank vs Presidential Bank4.00%$5,000
SoFi Bank vs Quontic Bank3.75%$100
SoFi Bank vs Salem Five Direct3.71%$10
SoFi Bank vs Santander Bank0.01%$25
SoFi Bank vs Synchrony Bank3.65%$0
SoFi Bank vs TIMBR4.40%$1,000
SoFi Bank vs UFB Direct3.71%$5000
SoFi Bank vs Valley Direct4.10%$1,000
SoFi Bank vs Varo Bank5.00%$0
SoFi Bank vs Vio Bank4.16%$100
SoFi Bank vs Wealthfront4.15%$0
SoFi Bank vs Wells Fargo0.05%$25
SoFi Bank vs Zynlo Bank4.05%$10