SoFi vs Chase Savings Account Comparison
Updated June 15, 2026 · Rates from official provider sources
SoFi has the higher savings rate right now.
The APY gap is 3.99%. On a $25,000 balance, that is about $998/year. If the dollar difference is small, choose based on transfer speed, app fit, and whether you want checking in the same place.
SoFi Savings
SoFi
Chase Savings
Chase
Dollar Difference by Balance
| Balance | SoFi | Chase | Difference |
|---|---|---|---|
| $10,000 | $400/yr | $1/yr | $399/yr |
| $25,000 | $1,000/yr | $3/yr | $997/yr |
| $50,000 | $2,000/yr | $5/yr | $1,995/yr |
| $100,000 | $4,000/yr | $10/yr | $3,990/yr |
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Full disclosure →SoFi Checking & Savings
SoFi
Based on your savings balance, this account maximizes your yield with FDIC protection.
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How to read this comparison
The rate table is useful for the math, but it is not the whole decision. Confirm current APY, transfer timing, account availability, minimum balance rules, and any linked-account requirements before opening. Savings rates can change after this page refreshes.
FAQ
Which is better, SoFi or Chase savings?
SoFi Savings currently pays 4.00% APY vs Chase Savings at 0.01% APY — a 3.99% point advantage. On $25,000, that difference is $998 per year.
Are SoFi and Chase savings accounts FDIC insured?
Yes, both accounts are FDIC insured up to $250,000 per depositor.
Can I have accounts at both banks?
Yes. There is no limit to how many savings accounts you can have. Some people use multiple HYSAs for different savings goals.