SoFi Bank vs. UFB Direct
SoFi Bank edges out UFB Direct slightly at 4.00% vs 3.46% APY. On a $10,000 balance, the difference is just $9 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, or choose UFB Direct if you're an Android user.
Important Considerations
Both SoFi Savings and UFB Checking and Savings Bundle pay their top rate only if you also open a checking account at the same institution.
| Metric | SoFi BankSoFi Savings Sep 4, 2026 | UFB DirectUFB Checking and Savings Bundle Sep 4, 2026 |
|---|---|---|
| APY | 3.10% - 4.00% | 3.46% |
Earns in a year | $5,000+$178 $10,000+$355 $25,000+$888 | $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 |
Looking for Simplicity?
Don't want a checking bundle? We track many savings and money market accounts that pay competitive rates without checking requirements.
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%, available for six months with an eligible direct deposit or $5,000 in qualifying deposits every 31 days. This account also comes bundled with an interest-bearing checking account. In contrast, UFB Direct provides a UFB Portfolio Savings account with a steady APY of 3.26%, which does not require a direct deposit or any bundling, making it simpler for customers. While SoFi's higher APY may attract some, UFB Direct's straightforward approach could appeal to those seeking ease of access without additional requirements.
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 (4.00% vs 3.26%-3.46%) on all balances
- 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 3.8)
- Offers 2 different high-yield savings options
Key Feature Differences
Better for Simplicity
UFB DirectUFB Direct's UFB Portfolio Savings offers 3.26% APY with no bundling, direct deposit requirement or caps.
Requires Banking Relationship
SoFi Savings and UFB Checking and Savings Bundle both require a checking account bundle and qualifying requirements to pay their highest rates.
Shared Benefits
Over a 1-year period (factoring in a 6-month promo), SoFi Bank's SoFi Savings pays $9 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.
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* Secure link to our partner
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SoFi Bank vs. UFB Direct Savings Calculator
You earn $8.9 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
Savings Breakdown
- Interest Earned+$354.90(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,354.90
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 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 $341 a year in interest.
Both SoFi Bank and UFB Direct advertise far more than that typical branch-bank rate.
| Feature | SoFi Bank | UFB Direct |
|---|---|---|
| APY | 4.00% Range: 3.10% - 4.00% Observed: 9/4/2026 0.20%90-day change | 3.46% Observed: 9/4/2026 Stable over 90 days |
| 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 | 4 (CA, UT) | Not reported |
| 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 Portfolio Savings | UFB Checking and Savings Bundle | |
Current APY | 4.00% | 3.26% | 3.46% |
Trend | Stable | Stable | Stable |
Speed of change | -0.08 | -0.11 | -0.12 |
Days Since Change | 0 | 241 | 241 |
12-Month High | 4.50% | 4.01% | 4.21% |
12-Month Low | 3.80% | 3.26% | 3.46% |
Changes per month | 0.41 | 0.41 | 0.41 |
Steadiness | 0.051 | 0.062 | 0.058 |
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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Simpler Options (No Bundles)
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More Comparisons
Compare SoFi Bank's APY of 4.00% 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 |