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Updated September 28, 2026 · VaultCue Editorial Team

Current vs SoFi

Current scores 8.9 and SoFi 8.7 out of 10. Compare their differences and shared features below.
Current

Current

Higher score in this comparison

8.9/10
Visit
SoFi

SoFi

8.7/10
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Current vs SoFi: the differences

Current vs SoFi
CompareCurrentCurrentReviewVisitVisitSoFiSoFiReviewSee alternativesSee alternatives
Access termsSavings Pods accessible on demand in the mobile app, no notice period, up to three podsOnline-only direct bank, no physical branches; SoFi Savings bundled with SoFi Checking
Headline rate0.25% to 4%Not confirmed
Minimum deposit$0.010Not confirmed

Same on both: Rate type (Variable), Deposit protection (FDIC up to USD 250,000), Monthly fee ($0), Account kind (Easy access).

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Key differences

  • Current scores higher overall: 8.9 vs 8.7.
  • Support channels: only Current offers Chat, Email.

Our verdict on each

Current

Current is a set-aside account for a teen in the US who wants a pot they can reach from the phone. The minimum deposit is $0.01 and the variable rate runs 0.25% to 4%, so the pay on savings can move as the provider adjusts it.

Read the full Current review

SoFi

SoFi suits US savers who want an online savings balance held beside their checking account, with deposits covered by FDIC up to USD 250,000 and a variable interest rate. Because it is an online-only direct bank, the savings balance is managed from your own screen rather than a branch counter.

Read the full SoFi review

Score breakdown

Current vs SoFi
AreaCurrentSoFi
Cost9.1Monthly fees on the easy-access account run at $0, transfers cost $0 - no bank transfer fees and conversion 3%.9.1Monthly fee $0 and currency conversion fee 0%, against site medians of €0 and 0.5%.
Offer8.7Higher8.1
TrustNot confirmed8.8

How they place

Current vs SoFi
RankingCurrentSoFi
Savings accounts27 of 1420537 of 1420

Every fact side by side

Current vs SoFi
FactCurrentSoFi
Pricing modelNo monthly feeNo monthly fee
Legal entityFinco Services, Inc. dba CurrentSoFi Bank, National Association
HeadquartersUnited StatesUnited States
FoundedNot confirmed2011
Support channelsChat, Email, Help centreCovers moreHelp centre

Everyday accounts

Current vs SoFi
FactCurrentSoFi
Licence typeNot confirmedBank
Currency conversion fee3%0%Lower
AudienceTeenNot confirmed
FeaturesFree ATM, Digital only, No credit checkCovers moreFree ATM
Local account detailsUs ACHUs ACH
Free ATM withdrawals$0$0
Transfer fee$0 - no bank transfer feesOutgoing domestic wire $30 per transfer; incoming wire $0

Where each stands against the rest

Current vs SoFi
FactCurrentSoFiMedian
Headline rate0.25% to 4%above the medianNot confirmed3.25
Minimum deposit$0.010above the medianNot confirmed$0
Monthly fee$0at the median$0at the median$0

Median across 658 listed accounts.

Pros and cons

Current

Pros

  • Deposits are covered by FDIC up to USD 250,000, which is the detail a new saver should check.
  • The stated audience is teen, and the account kind is easy access.
  • Pods open on demand in the mobile app with no notice period, so a set-aside stays flexible.

Cons

  • The 0.25% to 4% range has a low floor, so a pod can earn very little for stretches.
  • Support runs on chat, email and help centre, so there is no phone line for urgent questions.
  • Currency conversion costs 3%, which makes it a weak base for holding travel money.

SoFi

Pros

  • Deposits sit under FDIC up to USD 250,000, and the bank is listed as FDIC cert 26881
  • The savings rate is variable and the account kind is easy access, so you can draw money out without a fixed term
  • Cash machine use is listed under free atm, with an allowance of $0

Cons

  • Support runs on help centre only, so no phone or email channel appears in the list
  • Wire transfers come with Outgoing domestic wire $30 per transfer; incoming wire $0, so moving larger sums to someone else is not free
  • The rate is variable, so what you earn can fall as well as rise

Who each suits

Current

Who it suits

  • A teen in the US starting to set money aside, since the stated audience is teen.
  • Anyone happy to manage saving in the app, since pods run on demand with no notice period.
  • US savers paid in dollars, with transfers moving over us ach.

Who should look elsewhere

  • Plazo ES, whose headline rate of 24.19% sits well above the 0.25% to 4% range here.
  • AXI Card Tarjeta y Credito, listed at 21.59% if a higher headline number is the goal.
  • PayPal Colombia, listed at 3.3%, for anyone shopping only on the headline rate.

SoFi

Who it suits

  • US residents who want savings and checking in a single place
  • People who are happy to bank entirely online
  • Savers who want a bank licence and insured deposits rather than a partner account

Who should look elsewhere

  • XTB, if you hold UK pounds and want cover under FSCS up to GBP 85,000 rather than FDIC up to USD 250,000
  • Plazo ES, whose fixed rate locks money away, when you would rather hold an easy access balance
  • AXI Card Tarjeta y Credito, whose fixed rate suits readers who prefer a return locked for a set period

Current offers

Current

Current offer

  • Bonus

    1% cash back on eligible Build Card purchases: 1% cash back

    To earn Points you must receive at least one Eligible Payroll Deposit of at least $200 over a 35-day period and make Build Card purchases at retailers whose merchant code is in the selected categories in the app; points expire 365 days after they settle

    Source, checked September 26, 2026

Country by country

Current vs SoFi
CountryCurrentSoFi
United StatesYesYes

Questions about each

Current

What does it cost to run a Current account?+

The monthly fee is $0 and the model is no monthly fee, so there is no standing charge to watch. Bank transfers are listed as $0 - no bank transfer fees. The cost that does apply is currency conversion at 3%, which matters if money is held or spent in another currency.

How do I move money in and out?+

Transfers run over us ach, so money moves through the US system. Bank transfers carry $0 - no bank transfer fees, and the minimum deposit is $0.01, so a small transfer is enough to open a pod and add to it later.

SoFi

How much does SoFi Savings cost to hold?+

Nothing is charged to keep the balance open. The monthly fee is $0, and the account model is no monthly fee. Money only becomes costly when you move it in certain ways, such as sending a wire rather than making a standard transfer.

Is my money safe with SoFi?+

It sits with a bank, and deposits are covered by FDIC up to USD 250,000, so the balance is protected up to that limit. The bank is listed as FDIC cert 26881, a certificate you can check against the insurer's register.

Other options to compare

Current

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SoFi

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