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.
Important Considerations
Both institutions require a checking account to access their highest savings rates.
| Metric | SoFi BankSoFi Savings Aug 21, 2026 | UFB DirectUFB Checking and Savings Bundle Aug 19, 2026 |
|---|---|---|
| APY | 3.10% - 3.80% | 3.46% |
Est. Earnings | $5,000+$173 $10,000+$345 $25,000+$863 | $5,000+$0 $10,000+$346 $25,000+$865 |
Min Deposit | $0 | $5,000 |
Snapshot view. Rates subject to change. | ||
Terms | 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. | The regular savings or money market APY may be boosted by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. The checking account also earns interest. See bank for full details. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppZelle® SupportedDirect Deposit ReqChecking BundleDaily CompoundingRate Changes Often | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDirect Deposit ReqChecking BundleDaily CompoundingRate Changes Often |
Market Reality Check
Both of these institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Comparison Analysis
Comparing SoFi Bank vs. UFB Direct
Executive Summary
A detailed summary for this comparison is being prepared. Check back soon.
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+.
- ✓Higher potential APY (3.80% vs 3.26%-3.46%) for a duration of 6 months (requires checking bundle & direct deposit)
- ✓Fast transfers via Zelle®
Why UFB Direct?
- ✓Offers an interest-bearing 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.
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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
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: 8/21/2026 - | 3.46% Verified: 8/19/2026 - |
| Product Name | SoFi Savings | UFB Checking and Savings Bundle |
| Minimum Deposit | $0 | $5,000 |
| Min. Balance for APY | $0 | $10,000 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | None |
| Direct Deposit Req. | Required | Required |
| Checking Bundle | Yes | Yes |
| Mobile Apps | ||
| FDIC or NCUA 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 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. | The regular savings or money market APY may be boosted by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. The checking account also earns interest. 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 | 3.80% | 3.46% | 3.26% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -4.9 | -13.3 | -11.6 |
Days Since Change | 85 | 227 | 227 |
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 | 0.063 | 0.067 |
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 | 3.00% | $0 |
| UFB Direct vs American Express | 3.00% | $0 |
| UFB Direct vs Axos Bank | 4.21% | $0 |
| UFB Direct vs Barclays | 3.65% | $0 |
| UFB Direct vs Capital One | 3.50% | $0 |
| UFB Direct vs Chime | 3.75% | $0 |
| UFB Direct vs CIT Bank | 3.75% | $100 |
| UFB Direct vs EverBank | 3.90% | $0 |
| UFB Direct vs Marcus by Goldman Sachs | 3.40% | $0 |
| UFB Direct vs Newtek Bank | 4.20% | $100 |
| UFB Direct vs Openbank | 3.80% | $500 |
| UFB Direct vs Pibank | 4.10% | $0 |
| UFB Direct vs Synchrony Bank | 3.30% | $0 |
| UFB Direct vs Varo Bank | 3.75% | $0 |
| UFB Direct vs Wealthfront | 3.95% | $0 |