SoFi Bank vs. UFB Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
SoFi Bank
SoFi Savings
Up to4.30%APYDec 17, 2025FDIC InsuredChecking BundleNo MinimumsGreat iOS AppRange: 3.60% – 4.30%Show Fine Print & Trends Hide Details
SoFi Bank
SoFi Savings
UFB Direct
UFB Checking and Savings Bundle
Up to3.60%APYDec 17, 2025FDIC InsuredHigh MinimumDirect Deposit ReqChecking BundleGreat iOS AppGreat Android AppRange: 3.40% – 3.60%Show Fine Print & Trends Hide Details
UFB Direct
UFB Checking and Savings Bundle
Comparison Analysis
Comparing SoFi Bank vs. UFB Direct
As of SoFi Bank offers an APY of 4.30% for its SoFi Savings account, with a minimum balance of $0, compared to UFB Direct's 3.60% APY for its UFB Checking and Savings Bundle account, with a minimum balance of $10,000.
SoFi Bank pays $35 more than UFB Direct on a $10,000 balance after one year. SoFi Bank pays $395 (with an effective APY of 3.95%), while UFB Direct pays $360 - an APY advantage for SoFi Bank.
In addition, UFB Direct also offers 3.40% APY for the UFB Portfolio Savings account, with a minimum balance of $0.
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 (4.30% vs 3.40%-3.60%) on all balances
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. $395 vs $360/yr).
Better Returns at $25,000
SoFi BankSoFi Bank's SoFi Savings pulls ahead with larger amounts (approx. $988 vs $900/yr).
Best for Simplicity
UFB DirectUFB Direct's UFB Portfolio Savings offers 3.40% 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 $35 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.
Executive Summary
SoFi Bank offers a competitive SoFi Savings account with an APY of 4.30%, which includes a temporary 0.70% boost for six months, available through direct deposit or a $10/month subscription. This account is bundled with a checking account that earns 0.50% APY. In contrast, UFB Direct's UFB Portfolio Savings provides a lower APY of 3.40% but stands out for its simplicity, requiring no bundling or direct deposit. Both banks provide online-only services and have no maintenance fees or minimum balance requirements. Overall, SoFi Bank's offering is superior in terms of APY.
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.
Looking for Simplicity?
Don't want a checking bundle? We track many high-yield banks that offer competitive rates without checking requirements.
SoFi Bank vs. UFB Direct Savings Calculator
You earn $34.9 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: 4.30% for 6 months, then 3.60%.
Savings Breakdown
- Interest Earned+$394.90(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,394.90
UFB Direct
UFB Checking and Savings Bundle
Savings Breakdown
- Interest Earned+$360.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,360.00
Sponsored Link
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Top Market Contenders
See who beats both SoFi Bank and UFB Direct.
| Feature | SoFi Bank | UFB Direct |
|---|---|---|
| APY | 4.30% Range: 3.60% - 4.30% Verified: 12/17/2025 ↘︎ 0.20%90d Change | 3.60% Range: 3.40% - 3.60% Verified: 12/17/2025 ↘︎ 0.50%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 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| 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 | iOS4.8 Android3.9 | iOS4.8 Android4.3 |
| BBB Rating | A+ | A+ |
| 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. | The regular savings or money market APY may be boosted up to 3.60% 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 | SponsoredOpen Account |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | SoFi Bank | UFB Direct | |
|---|---|---|---|
| SoFi Savings | UFB Checking and Savings Bundle | UFB Portfolio Savings | |
Current APY | 4.30% | 3.60% | 3.40% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 7.0 | -5.5 | -4.9 |
Days Since Change | 35 | 6 | 6 |
11-Month High | 4.50% | 4.21% | 4.01% |
11-Month Low | 3.80% | 3.60% | 3.40% |
Adjustments / Mo | 0.27 | 0.36 | 0.36 |
Volatility Score | 0.074 | 0.052 | 0.053 |
How to read these metrics(Click to expand)
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