VaultRubric's sourced facts on SoFi (as of 2026-10-11): standard APY 0.8% (source) (0.80% APY without eligible direct deposit or $5,000+ qualifying deposits every 31 days; 3.30% with them (conditional)), ranked #18 of 18 accounts with a numeric standard APY in our data; $0 minimum to earn APY; $0 monthly fee; deposits FDIC; SoFi Bank, N.A. up to $250,000; overall score 81.8% with 100% data coverage. This is a facts summary, not a recommendation to open an account.
Data as of · Last updated · By VaultRubric Research · How we score · Not investment advice.
VaultRubric's sourced facts on SoFi (as of 2026-10-11): standard APY 0.8% (source) (0.80% APY without eligible direct deposit or $5,000+ qualifying deposits every 31 days; 3.30% with them (conditional)), ranked #18 of 18 accounts with a numeric standard APY in our data; $0 minimum to earn APY; $0 monthly fee; deposits FDIC; SoFi Bank, N.A. up to $250,000; overall score 81.8% with 100% data coverage. This is a facts summary, not a recommendation to open an account.
This page answers “Is SoFi a good savings account?” using only data/finance_seed.json and VaultRubric's scored comparison (equal weights), as of 2026-10-12. “Good” here means how SoFi compares on sourced APY, fees, minimums, FDIC insurance and regulatory record — not personalized advice. Rates change; verify on the bank’s site.
Rate conditions on file: 0.80% APY without eligible direct deposit or $5,000+ qualifying deposits every 31 days; 3.30% with them (conditional); 3.30% with eligible direct deposit or qualifying deposits; new members up to 4.20% with limited-time 0.90% boost for up to 6 months. We rank only the standard APY; conditional or promo rates are shown for context and not used in scores.
| Fact | Value | As of / source |
|---|---|---|
| Standard APY | 0.8% | 2026-10-11 · official |
| Min balance for APY | $0 | 2026-10-10 |
| Monthly fee | $0 | 2026-10-10 |
| Deposit insurance | FDIC; SoFi Bank, N.A. (up to $250,000) | 2026-10-10 |
| Regulatory actions (5y) | 0 in the last 5 years on record | 2026-10-10 |
| VaultRubric score | 81.8% (coverage 100%) | methodology |
No CFPB enforcement actions in last 5 yrs found in CFPB database search. Other regulators (OCC/FDIC/state) not exhaustively checked
Highest standard APY in our numeric set as of the dates on each row: EverBank at 4.2%. SoFi is at 0.8% (#18 of 18). Full APY table: highest APY savings account.
Rates are variable. VaultRubric reports sourced facts and scores; it does not recommend opening or closing any account. Confirm APY, fees and terms on SoFi’s official page before acting.
SoFi: 0.8% standard APY as of 2026-10-11 (#18 of 18 in our data) [0.80% APY without eligible direct deposit or $5,000+ qualifying deposits every 31 days; 3.30% with them (conditional)], $0 minimum and $0 monthly fee in our data, deposits FDIC; SoFi Bank, N.A. up to $250,000, VaultRubric score 81.8% (100% coverage), no regulatory actions in our 5-year record. Facts only — not a recommendation.
In our sourced data, SoFi’s standard APY is 0.8% as of 2026-10-11 (https://www.sofi.com/banking/savings-account/). Conditions on file: 0.80% APY without eligible direct deposit or $5,000+ qualifying deposits every 31 days; 3.30% with them (conditional). Rates change; verify on the bank’s site.
FDIC; SoFi Bank, N.A., up to $250,000 per depositor per ownership category.
SoFi scores 81.8% across high-yield savings options we track, with 100% data coverage (APY, minimums, fees, insurance, regulatory record). See /methodology and /compare/best-high-yield-savings-accounts.