Sofi Bank vs Ufb Direct
High-Yield Savings Accounts Comparison
Last Updated: August 1, 2025
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Summary of SoFi Bank vs. UFB Direct
As of August 1, 2025 SoFi Bank offers an APY of 3.80% for its SoFi Savings account, compared to UFB Direct's 4.21% APY for its UFB Checking and Savings Bundle account.
UFB Direct yields $41 more than SoFi Bank on a $10,000 balance after one year. SoFi Bank pays $380, while UFB Direct pays $421 - an APY advantage for UFB Direct.
In addition, UFB Direct also offers 4.01% APY for the UFB Portfolio Savings account.
SoFi Bank
Strengths
- SoFi Bank offers a $0 minimum deposit and balance for its savings account.
- SoFi Bank has a strong App Store rating of 4.8.
- SoFi Bank has no maintenance fees.
Potential Drawbacks
- SoFi Bank's 3.80% APY requires direct deposit or a $5,000 Qualifying Deposit.
- SoFi Bank does not have any physical branches.
UFB Direct
Strengths
- UFB Direct offers a higher APY of 4.21% with conditions.
- UFB Direct has a solid Google Play rating of 4.8.
- UFB Direct offers a Portfolio Savings account with a 4.01% APY and no direct deposit requirement.
Potential Drawbacks
- UFB Direct requires a $5,000 minimum deposit for its checking and savings bundle.
- UFB Direct has no physical branches.
Summary: SoFi Bank provides a lower APY of 3.80% but has no minimum balance requirements, while UFB Direct offers a higher APY of 4.21% with conditions. Both banks lack physical branches and have solid App Store ratings, but UFB Direct also features a no-direct-deposit savings option at 4.01%. SoFi Bank's savings account requires either direct deposit or a $5,000 deposit to achieve its advertised APY.
Compare SoFi Bank's vs UFB Direct's Savings Accounts
| SoFi Bank | UFB Direct | |||
|---|---|---|---|---|
| Product | SoFi Savings | vs | UFB Portfolio Savings | UFB Checking and Savings Bundle |
| APY | 3.80% (as of 8/1/2025) | 4.01% (as of 8/1/2025) | 4.01% - 4.21% (as of 8/1/2025) | |
| Bundled Account | Yes | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $5000 | |
| Minimum Balance for APY | $0 | $0 | $10,000 | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | No. Without direct deposit or "Qualifying Deposits" the APY will be significantly lower | No | Yes | |
| Note | The 3.80% APY requires either a direct deposit of regular income (of any amount) or a Qualifying Deposit of $5,000 for any 30-day period. The savings account comes bundled with a checking account. | The regular savings or money market APY may be boosted up to 4.21% by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. See bank for full details. | ||
| Sponsored Link | LEARN MORE at UFB Direct, Member FDIC | LEARN MORE at UFB Direct, Member FDIC | ||
| App Store Rating | 4.8/5 | 4.8/5 | ||
| Google Play Rating | 4.4/5 | 4.8/5 | ||
| BBB Rating | A+ | A+ | ||
Comparative Historical APY Insights (Last 6 Months)
| SoFi Bank | UFB Direct | |||
|---|---|---|---|---|
| Product | SoFi Savings | vs | UFB Checking and Savings Bundle | UFB Portfolio Savings |
| Latest APY | 3.80 % | 4.21 % | 4.01 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -0.3 | -0.0 | -0.0 | |
| Rate Changes / Mo | 0.16 | 0.00 | 0.00 | |
| Days Since Last Change | 191 | 170 | 193 | |
| High (-6 m) | 4.00 % | 4.21 % | 4.01 % | |
| Low (-6 m) | 3.80 % | 4.21 % | 4.01 % | |
| Draw-down from High | -5.0 % | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.006 | 0.000 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 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 (-6 m)
- Highest APY in the last 193 days.
- Low (-6 m)
- Lowest APY in the last 193 days.
- Draw-down from High
- How far today sits below the 6-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.
Calculate Savings Growth for SoFi Bank vs UFB Direct
All calculations are based on APY.
SoFi Bank
APY: 3.80%
Total savings breakdown:
- Interest earned: $2,305.9 (11.36%)
- Total contributions: $13,000 (64.02%)
- Initial deposit: $5,000 (24.62%)
Your total balance
$20,305.90
Effective APY: 3.80% (based on your deposit and contributions)
Total balance: $20,305.9
Earnings: $2,305.9
Bank OverviewUFB Direct
APY: 4.21%
⚠️The higher APY only applies once your balance reaches $10,000.
Total savings breakdown:
- Interest earned: $2,541.6 (12.37%)
- Total contributions: $13,000 (63.29%)
- Initial deposit: $5,000 (24.34%)
Your total balance
$20,541.60
Effective APY: 4.17% (based on your deposit and contributions)
Total balance: $20,541.6
Earnings: $2,541.6
With a $5,000 initial deposit and $13,000 in total contributions over 5 years, SoFi Bank's total earnings would be $235.7 lower than UFB Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare SoFi Bank's APY of 3.80% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| SoFi Bank vs Ally Bank | 3.50% | $0 |
| SoFi Bank vs American Express | 3.50% | $0 |
| SoFi Bank vs Axos Bank | 4.46% | $0 |
| SoFi Bank vs Bank of America | 0.01% | $100 |
| SoFi Bank vs Barclays | 4.10% | $0 |
| SoFi Bank vs Capital One | 3.50% | $0 |
| SoFi Bank vs Chase Bank | 0.01% | $0 |
| SoFi Bank vs Chime | 3.75% | $0 |
| SoFi Bank vs CIT Bank | 4.00% | $100 |
| SoFi Bank vs Discover Bank | 3.50% | $0 |
| SoFi Bank vs Fitness Bank | 4.85% | $100 |
| SoFi Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| SoFi Bank vs Presidential Bank | 4.50% | $5,000 |
| SoFi Bank vs Synchrony Bank | 3.80% | $0 |
| SoFi Bank vs Varo Bank | 5.00% | $0 |
| SoFi Bank vs Wells Fargo | 2.51% | $25 |
Compare UFB Direct's APY of 4.21% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| UFB Direct vs Ally Bank | 3.50% | $0 |
| UFB Direct vs American Express | 3.50% | $0 |
| UFB Direct vs Bank of America | 0.01% | $100 |
| UFB Direct vs Barclays | 4.10% | $0 |
| UFB Direct vs Capital One | 3.50% | $0 |
| UFB Direct vs Chase Bank | 0.01% | $0 |
| UFB Direct vs Chime | 3.75% | $0 |
| UFB Direct vs CIT Bank | 4.00% | $100 |
| UFB Direct vs Discover Bank | 3.50% | $0 |
| UFB Direct vs Fitness Bank | 4.85% | $100 |
| UFB Direct vs Marcus by Goldman Sachs | 3.65% | $0 |
| UFB Direct vs Presidential Bank | 4.50% | $5,000 |
| UFB Direct vs Synchrony Bank | 3.80% | $0 |
| UFB Direct vs Varo Bank | 5.00% | $0 |
| UFB Direct vs Wells Fargo | 2.51% | $25 |