Fidelity (Brokerage Cash) vs SoFi Bank
Head-to-head comparison of Fidelity Cash Management Account and SoFi Checking and Savings, updated daily.
Fidelity (Brokerage Cash) currently wins on APY: 4.05% vs 4.00%
| Feature | Fidelity (Brokerage Cash)Updated 1d ago | SoFi BankLive |
|---|---|---|
| APY | 4.05%★ | 4.00% |
| Min opening deposit | $0 | $0 |
| Min balance for APY | $0 | $0 |
| Monthly fee | $0.00 | $0.00 |
| Insurance | FDIC | FDIC |
| Compounding | daily | daily |
| ATM access | Yes | Yes |
| Check writing | Yes★ | No |
| Mobile app | Yes | Yes |
| Editor rating | 4.6 / 5 | 4.7 / 5★ |
Fidelity (Brokerage Cash) verdict
Fidelity's Cash Management Account is the cleanest "all-in-one" replacement for both checking and savings if you are willing to use a brokerage. The ATM fee reimbursement is industry-leading. Yield is slightly below the pure-play HYSAs but the convenience and integration usually justify it.
Read full Fidelity (Brokerage Cash) review →SoFi Bank verdict
SoFi remains one of our highest-rated picks for everyday savers in April 2026. The headline APY is gated behind a recurring direct deposit requirement, but for anyone who can route their paycheck through SoFi, it is one of the best risk-adjusted yields available from a fully insured U.S. institution. The bundled checking-and-savings product means you get a high APY without needing to maintain a separate account elsewhere.
Read full SoFi Bank review →