Synchrony vs SoFi
Synchrony pays 3.30% APY; SoFi pays 3.10%. Trade-offs depend on what you prioritize — see the breakdown below.
Option A
Synchrony
3.30%
APY
- Min
- $0
- Fee
- $0/mo
- FDIC
- Yes
Best for: With no minimum monthly balance requirement and only 1 cent required to open an account, nearly anyone can open a savings account at Synchrony.
Open with Synchrony →Option B
SoFi
3.10%
APY
- Min
- $0
- Fee
- $0/mo
- FDIC
- Yes
Best for: savers prioritizing brand familiarity
Open with SoFi →How this comparison was built
Rates and fees are pulled from each provider's published rate disclosures and reviewed by our product data pipeline. The verdict above is generated from the verified data — we don't accept payments to influence rankings. Last refreshed 8/9/2026.