PNC vs. SoFi Bank
PNC's PNC High Yield Savings pays 3.15% APY while SoFi Bank's SoFi Savings pays 4.00% APY.
Note: SoFi Bank's SoFi Savings also needs a checking account.
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 $40 more than PNC annually ($355 vs $315).
Choose PNC if you want a no-strings-attached account, you value in-person banking, or you're an Android user. Choose SoFi Bank if getting the best rate matters most.
Important Considerations
SoFi Bank's SoFi Savings pays its top rate only if you also open a checking account with SoFi Bank, while PNC's PNC High Yield Savings stands alone.
| Metric | PNCPNC High Yield Savings Sep 11, 2026 | SoFi BankSoFi Savings Sep 11, 2026 |
|---|---|---|
| APY | 3.15% | 3.10% - 4.00% |
Earns in a year | $5,000+$158 $10,000+$315 $25,000+$788 | $5,000+$178 $10,000+$355 $25,000+$888 |
Min. Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | Eligibility restricted to select states. | Limited offer: The stated APY 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 an interest-bearing checking account. |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppZelle® SupportedDirect Deposit ReqChecking BundleDaily CompoundingRate Changes Often |
Executive Summary
SoFi Bank offers a competitive SoFi Savings account with a promotional APY of 4.00%, which requires eligible direct deposits or $5,000 in qualifying deposits every 31 days. This account also comes bundled with an interest-bearing checking account, making it a strong choice for those seeking an all-in-one banking solution. In contrast, PNC's High Yield Savings account provides a solid APY of 3.15% with no direct deposit requirement, but eligibility is restricted to select states. For those looking for simplicity without bundling, PNC's offering is a viable alternative.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why PNC?
- No checking account or direct deposit required
- Physical branch access (Multiple branches in AL, AZ, CA, CO, DE, DC, FL, GA, IL, IN, KS, KY, MD, MA, MI, MO, NJ, NM, NY, NC, OH, PA, SC, TN, TX, VA, WV, WI)
- Higher rated Android app (4.5 vs 3.8)
Why SoFi Bank?
- Earn a $50 bonus with $1,000+ in direct deposits, or $300 with $5,000+.
- Higher potential APY (4.00% vs 3.15%) on all balances
- Available Nationwide
Key Feature Differences
Better Returns at $10,000
SoFi BankSoFi Bank's SoFi Savings earns more on smaller deposits (approx. $355 vs $315/yr).
Better Returns at $25,000
SoFi BankSoFi Bank's SoFi Savings pulls ahead with larger amounts (approx. $888 vs $788/yr).
Better for Simplicity
PNCPNC's PNC High Yield Savings offers 3.15% APY with no bundling, direct deposit requirement or caps.
Better for All-in-One Banking
SoFi BankSoFi Bank's SoFi Savings pays a superior APY for customers who also open a checking account.
Better Mobile App Experience
PNCPNC offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.5 (vs. 3.8)
Shared Benefits
Over a 1-year period (factoring in a 6-month promo), SoFi Bank's SoFi Savings pays $40 more interest on a $10,000 balance than PNC's PNC High Yield Savings.
*SoFi Bank's calculation includes their 6-month introductory promotional rate and subsequent standard rate.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
PNC vs. SoFi Bank Savings Calculator
You earn $39.9 more with SoFi Bank than PNC 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.
PNC
PNC High Yield Savings
Savings Breakdown
- Interest Earned+$315.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,315.00
SoFi Bank
SoFi Savings
Savings Breakdown
- Interest Earned+$354.90(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,354.90
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $310 a year in interest.
Both PNC and SoFi Bank advertise far more than that typical branch-bank rate.
| Feature | PNC | SoFi Bank |
|---|---|---|
| APY | 3.15% Observed: 9/11/2026 0.10%90-day change | 4.00% Range: 3.10% - 4.00% Observed: 9/11/2026 0.20%90-day change |
| Product Name | PNC High Yield Savings | SoFi Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $1 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Monthly | Daily |
| In-Branch Access | Yes | No |
| Account Type | Online & Branches | Online Only |
| Physical Branches | 2,420 (AL, AZ, CA, CO, DC, DE, FL, GA (+20 more)) | 4 (CA, UT) |
| Direct Deposit Req. | None | Required |
| Checking Bundle | No | Yes |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Limit: $2,000/dayCentral to Virtual Wallet suite. | Available Native support added in 2024 for banking members. |
| BBB Rating | A+ | A+ |
| Important Notes | Eligibility restricted to select states. | Limited offer: The stated APY 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 an interest-bearing checking account. |
| Next Steps | Visit SiteVerify at PNC Non-sponsored link to official site | Visit SiteVerify at SoFi Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | PNC | SoFi Bank | |
|---|---|---|---|
| PNC High Yield Savings | Standard Savings | SoFi Savings | |
Current APY | 3.15% | 0.03% | 4.00% |
Trend | Stable | Stable | Stable |
Speed of change | -0.12 | 0.00 | -0.08 |
Days Since Change | 87 | 361 | 7 |
12-Month High | 3.95% | 0.03% | 4.50% |
12-Month Low | 3.15% | 0.03% | 3.80% |
Changes per month | 0.49 | 0.00 | 0.33 |
Steadiness | 0.066 | 0.000 | 0.049 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 364-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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Compare PNC's APY of 3.15% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| PNC vs Ally Bank | 3.00% | $0 |
| PNC vs American Express | 3.00% | $0 |
| PNC vs Axos Bank | 4.21% | $0 |
| PNC vs Barclays | 3.65% | $0 |
| PNC vs Capital One | 3.50% | $0 |
| PNC vs Chime | 3.75% | $0 |
| PNC vs CIT Bank | 3.75% | $100 |
| PNC vs EverBank | 3.90% | $0 |
| PNC vs Marcus by Goldman Sachs | 3.40% | $0 |
| PNC vs Newtek Bank | 4.20% | $100 |
| PNC vs Openbank | 3.80% | $500 |
| PNC vs Pibank | 4.10% | $0 |
| PNC vs Synchrony Bank | 3.30% | $0 |
| PNC vs Varo Bank | 3.75% | $0 |
| PNC vs Wealthfront | 3.95% | $0 |