SoFi Bank vs. UFB Direct
Comparing SoFi Bank and UFB Direct for high-yield savings: SoFi Bank's SoFi Savings pays 4.00% APY (including a 6-month 0.70% promo boost) while UFB Direct's UFB Checking and Savings Bundle pays 3.46% APY.
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 $19 more than UFB Direct annually ($365 vs $346).
Choose SoFi Bank if getting the best rate matters most, or you want Zelle for quick transfers. Choose UFB Direct if you want to avoid a promo rate with a scheduled drop.
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%). UFB Direct's 3.46% rate has no scheduled drop, though all rates are subject to change.
Both banks require a checking account to access their highest savings rates.
| Metric | SoFi BankSoFi Savings Mar 24, 2026 | UFB DirectUFB Checking and Savings Bundle Mar 24, 2026 |
|---|---|---|
| APY | 3.30% - 4.00% | 3.26% - 3.46% |
Est. Earnings | $5,000+$183 $10,000+$365 $25,000+$913 | $5,000+$163 $10,000+$346 $25,000+$865 |
Min Deposit | $0 | $5000 |
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. | The regular savings or money market APY may be boosted up to 3.46% by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. The checking account earns 2% APY. See bank for full details. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppZelle® SupportedChecking BundleDaily CompoundingRate Changes Often | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDirect Deposit ReqChecking BundleDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing SoFi Bank vs. UFB Direct
Executive Summary
SoFi Bank's SoFi Savings account offers a competitive APY of 4.00%, which includes a temporary boost for six months, making it the top choice for savers looking for higher returns. This account does not require direct deposit, but an alternative subscription fee of $10/month applies. SoFi’s account also comes bundled with a checking account that earns 0.50% APY. In comparison, UFB Direct provides an online-only UFB Portfolio Savings account with a lower APY of 3.26%, which is straightforward and has no direct deposit requirement. Overall, SoFi Bank is the winner based on the higher APY offered.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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 3.26%-3.46%) on all balances
- ✓Fast transfers via Zelle®
Why UFB Direct?
- ✓Offers 2.00% APY on Checking Account in addition to the savings APY
- ✓Access to over 90,000 fee-free ATMs
- ✓Higher rated Android app (4.3 vs 3.9)
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
SoFi BankSoFi Bank's SoFi Savings earns more on smaller deposits (approx. $365 vs $346/yr).
Better Returns at $25,000
SoFi BankSoFi Bank's SoFi Savings pulls ahead with larger amounts (approx. $913 vs $865/yr).
Best for Simplicity
UFB DirectUFB Direct's UFB Portfolio Savings offers 3.26% APY with no bundling, direct deposit requirement or caps.
Requires Banking Relationship
Both banks require a checking account bundle and qualifying requirements to access their highest rates.
Shared Benefits
Over a 1-year period (factoring in a 6-month promo), SoFi Bank's SoFi Savings pays $19 more interest on a $10,000 balance than UFB Direct's UFB Checking and Savings Bundle.
*SoFi Bank's calculation includes their 6-month introductory promotional rate and subsequent standard rate.
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* Secure link to our partner
Top Market Contenders
SoFi Bank vs. UFB Direct Savings Calculator
You earn $18.9 more with SoFi Bank than UFB 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.
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
UFB Direct
UFB Checking and Savings Bundle
Savings Breakdown
- Interest Earned+$346.00(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,346.00
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 $345 per year in interest.
Both SoFi Bank and UFB Direct dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | SoFi Bank | UFB Direct |
|---|---|---|
| APY | 4.00% Range: 3.30% - 4.00% Verified: 3/24/2026 Stable (90d) | 3.46% Range: 3.26% - 3.46% Verified: 3/24/2026 ↘︎ 0.14%90d Change |
| Product Name | SoFi Savings | UFB Checking and Savings Bundle |
| Minimum Deposit | $0 | $5000 |
| Min. Balance for APY | $0 | $10,000 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | None |
| Direct Deposit Req. | While direct deposit is not required, the alternative is a subscription fee of $10/month | Required |
| Checking Bundle | Yes | Yes |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Native support added in 2024 for banking members. | Not Supported |
| 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. | The regular savings or money market APY may be boosted up to 3.46% by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. The checking account earns 2% APY. See bank for full details. |
| Next Steps | Visit SiteVerify at SoFi Bank Non-sponsored link to official site | Visit SiteGo to UFB Direct * Secure link to our partner |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | SoFi Bank | UFB Direct | |
|---|---|---|---|
| SoFi Savings | UFB Checking and Savings Bundle | UFB Portfolio Savings | |
Current APY | 4.00% | 3.46% | 3.26% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 3.1 | -8.4 | -8.4 |
Days Since Change | 91 | 77 | 77 |
12-Month High | 4.50% | 4.21% | 4.01% |
12-Month Low | 3.80% | 3.46% | 3.26% |
Adjustments / Mo | 0.25 | 0.41 | 0.41 |
Volatility Score | 0.064 | 0.083 | 0.088 |
How to read these metrics(Click to expand)
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More Comparisons
Compare SoFi Bank's APY of 4.00% with other banks
Compare UFB Direct's APY of 3.46% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| UFB Direct vs Ally Bank | 3.20% | $0 |
| UFB Direct vs American Express | 3.20% | $0 |
| UFB Direct vs Axos Bank | 4.21% | $0 |
| UFB Direct vs Barclays | 3.85% | $0 |
| UFB Direct vs Capital One | 3.20% | $0 |
| UFB Direct vs Chime | 3.00% | $0 |
| UFB Direct vs CIT Bank | 3.75% | $100 |
| UFB Direct vs Discover Bank | 3.30% | $0 |
| UFB Direct vs EverBank | 3.90% | $0 |
| UFB Direct vs Marcus by Goldman Sachs | 3.65% | $0 |
| UFB Direct vs Newtek Bank | 4.20% | $0.01 |
| UFB Direct vs Openbank | 4.09% | $500 |
| UFB Direct vs Pibank | 4.60% | $0 |
| UFB Direct vs Synchrony Bank | 3.50% | $0 |
| UFB Direct vs Varo Bank | 5.00% | $0 |
| UFB Direct vs Wealthfront | 4.20% | $0 |