SoFi Bank vs Wealthfront (Brokerage Cash)
Head-to-head comparison of SoFi Checking and Savings and Wealthfront Cash Account, updated daily.
Wealthfront (Brokerage Cash) currently wins on APY: 4.50% vs 4.00%
| Feature | SoFi BankLive | Wealthfront (Brokerage Cash)Updated 1d ago |
|---|---|---|
| APY | 4.00% | 4.50%★ |
| Min opening deposit | $0★ | $1 |
| Min balance for APY | $0 | $0 |
| Monthly fee | $0.00 | $0.00 |
| Insurance | FDIC | FDIC |
| Compounding | daily | monthly |
| ATM access | Yes | Yes |
| Check writing | No | Yes★ |
| Mobile app | Yes | Yes |
| Editor rating | 4.7 / 5 | 4.7 / 5 |
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 →Wealthfront (Brokerage Cash) verdict
Wealthfront's Cash Account is technically a brokerage sweep product, not a bank account — but the practical experience is identical, and the FDIC pass-through coverage ceiling is the highest on this list. If you have over $250k in cash, Wealthfront is the cleanest way to keep it fully insured in one place.
Read full Wealthfront (Brokerage Cash) review →