SoFi Bank vs. UFB Direct
SoFi Bank edges out UFB Direct slightly at 3.80% vs 3.46% APY. On a $10,000 balance, the difference is just $1 per year—so other factors may matter more.
The Bottom Line
The SoFi Bank and UFB Direct savings accounts are very similar. Choose SoFi Bank if 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 3.80% rate includes a promotional bonus for the first 6 months, after which it reverts to the standard rate (currently 3.10%). 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 Jun 22, 2026 | UFB DirectUFB Checking and Savings Bundle Jun 16, 2026 |
|---|---|---|
| APY | 3.10% - 3.80% | 3.26% - 3.46% |
Est. Earnings | $5,000+$173 $10,000+$345 $25,000+$863 | $5,000+$163 $10,000+$346 $25,000+$865 |
Min Deposit | $0 | $5000 |
Snapshot view. Rates subject to change. | ||
Terms | Limited offer: The 3.80% 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 offers a competitive SoFi Savings account with a promotional APY of 3.80%, which includes a temporary 0.70% boost for six months, available with a direct deposit of regular income or a $10/month subscription. This account comes bundled with a checking account that has a lower APY of 0.50%. In comparison, UFB Direct features the UFB Portfolio Savings account, providing a solid APY of 3.26% without any bundling or direct deposit requirements. Both banks operate online only and have no maintenance fees or minimum balance requirements, making them accessible options for savers.
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 (3.80% vs 3.26%-3.46%) for a duration of 6 months (requires checking bundle)
- ✓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 —
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, UFB Direct's UFB Checking and Savings Bundle pays $1 more interest on a $10,000 balance than SoFi Bank's SoFi Savings.
*This comparison accounts for SoFi Bank's introductory promotional rate, yet UFB Direct's standard rate still yields a higher 1-year return.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
SoFi Bank vs. UFB Direct Savings Calculator
You earn $1.1 more with UFB Direct than SoFi Bank 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: 3.80% for 6 months, then 3.10%.
Savings Breakdown
- Interest Earned+$344.90(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,344.90
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 $344 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 | 3.80% Range: 3.10% - 3.80% Verified: 6/22/2026 ↘︎ 0.20%90d Change | 3.46% Range: 3.26% - 3.46% Verified: 6/16/2026 Stable (90d) |
| 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 3.80% 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 SiteVerify at UFB Direct Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | SoFi Bank | UFB Direct | |
|---|---|---|---|
| SoFi Savings | UFB Checking and Savings Bundle | UFB Portfolio Savings | |
Current APY | 3.80% | 3.46% | 3.26% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -1.0 | -8.1 | -8.1 |
Days Since Change | 19 | 161 | 161 |
12-Month High | 4.50% | 4.21% | 4.01% |
12-Month Low | 3.80% | 3.46% | 3.26% |
Adjustments / Mo | 0.33 | 0.41 | 0.41 |
Volatility Score | 0.058 | 0.081 | 0.086 |
How to read these metrics(Click to expand)
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More Comparisons
Compare SoFi Bank's APY of 3.80% 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 | 3.10% | $0 |
| UFB Direct vs American Express | 3.10% | $0 |
| UFB Direct vs Axos Bank | 4.21% | $0 |
| UFB Direct vs Barclays | 3.75% | $0 |
| UFB Direct vs Capital One | 3.00% | $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 | 3.40% | $0 |
| UFB Direct vs Newtek Bank | 4.20% | $0.01 |
| UFB Direct vs Openbank | 4.00% | $500 |
| UFB Direct vs Pibank | 4.40% | $0 |
| UFB Direct vs Synchrony Bank | 3.30% | $0 |
| UFB Direct vs Varo Bank | 5.00% | $0 |
| UFB Direct vs Wealthfront | 4.20% | $0 |