Alternatives

SoFi alternatives in 2026

Updated Oct 24, 2026

SoFiSavings account

SoFi is a savings account. SoFi lists 3.30% APY with eligible direct deposit or $5,000 in qualifying deposits, and 0.80% APY without them, in rates effective Oct 20, 2026. We checked that on Oct 24, 2026. Below are 4 other apps, starting with the other savings account and then banking apps and investing apps. They're ranked by how close each app's category is to SoFi's, not by how good it is, and every fact shows the date we checked it.

Priceless Tay may earn a commission from some links on this page, and that never changes how we compare apps.

Short answer

The closest alternatives to SoFi are Ally, Chime and Acorns, because Ally is also a savings account, Chime is a banking app and Acorns is an investing app. SoFi lists 3.30% APY with eligible direct deposit or $5,000 in qualifying deposits, and 0.80% APY without them, in rates effective Oct 20, 2026. We checked SoFi on Oct 24, 2026, and every card below shows its own dates.

Alternatives to SoFi, closest category first

Each card puts the app's facts next to SoFi's. The order follows how close the category is, not how good the app is, and “Not verified yet” means we don't have a current official source for that line.

Other savings accounts

Ally Bank Savings
Savings account
Same category
Ally Bank's online savings account pays a variable rate and includes savings buckets, round ups and recurring transfers.
Price and fees
AllyAlly charges no monthly maintenance fees on its savings account.As of Oct 24, 2026. Source: ally.com/bank/online-savings-account
SoFiNot verified yet.
APY or rate
AllyAlly lists 3.20% APY, correct as of Oct 23, 2026. The rate is variable.Ally says the same APY applies across all balance tiers, with no minimum balance requirement.As of Oct 24, 2026. Source: ally.com/bank/online-savings-account
SoFiSoFi lists 3.30% APY with eligible direct deposit or $5,000 in qualifying deposits, and 0.80% APY without them, in rates effective Oct 20, 2026. The rate is variable.You need eligible direct deposit, or $5,000 in qualifying deposits every 31 days, to earn the 3.30% APY.As of Oct 24, 2026. Source: sofi.com/legal/banking-rate-sheet
Platforms
AllyNot verified yet.
SoFiNot verified yet.
App store rating
AllyAlly Bank Savings has 4.7 out of 5 on the App Store from 114,147 ratings.As of Oct 24, 2026. Source: App Store listing
SoFiSoFi Checking and Savings has 4.7 out of 5 on the App Store from 385,426 ratings.As of Oct 24, 2026. Source: App Store listing
Who it fits
- Ally lists goals. A goal gives a Spender a reason to pause before buying, which is the Sleep on It fix.
- Ally lists an APY on deposits. That fits a Saver, whose first fix is putting saved money to work.
- Read our Ally Bank Savings review

Banking apps

Chime
Banking app
Nearby category
Chime is a financial technology company, not a bank, that offers checking and savings accounts through partner banks.
Price and fees
ChimeChime says its savings account has no fees, and you need an active Chime Checking Account to open one.As of Oct 24, 2026. Source: help.chime.com/what-is-the-chime-savings-account-f189355c
SoFiNot verified yet.
APY or rate
ChimeChime lists 1.00% APY for standard members, 3.00% APY for Chime Plus and 4.00% APY for Chime Prime, in rates effective Oct 6, 2026. The rate is variable.Chime says there is no minimum balance, but you need $0.01 in savings to earn interest. The higher rates depend on Chime Plus or Chime Prime status, which ties to qualifying direct deposits.As of Oct 24, 2026. Source: help.chime.com/what-is-annual-percentage-yield-apy-dfafd381
SoFiSoFi lists 3.30% APY with eligible direct deposit or $5,000 in qualifying deposits, and 0.80% APY without them, in rates effective Oct 20, 2026. The rate is variable.You need eligible direct deposit, or $5,000 in qualifying deposits every 31 days, to earn the 3.30% APY.As of Oct 24, 2026. Source: sofi.com/legal/banking-rate-sheet
Platforms
ChimeNot verified yet.
SoFiNot verified yet.
App store rating
ChimeChime has 4.8 out of 5 on the App Store from 1,629,130 ratings.As of Oct 24, 2026. Source: App Store listing
SoFiSoFi Checking and Savings has 4.7 out of 5 on the App Store from 385,426 ratings.As of Oct 24, 2026. Source: App Store listing
Who it fits
- Chime lists goals. A goal gives a Spender a reason to pause before buying, which is the Sleep on It fix.
- Chime lists an APY on deposits. That fits a Saver, whose first fix is putting saved money to work.
- See SoFi and Chime side by side

Investing apps

Acorns
Investing app
Nearby category
Acorns is an automated investing app that bundles investing, retirement and banking tools into monthly subscription plans.
Price and fees
AcornsAcorns has three monthly plans: Bronze at $4 a month, Silver at $8 a month, and Gold at $12 a month.As of Oct 24, 2026. Source: acorns.com/pricing
SoFiNot verified yet.
APY or rate
AcornsAcorns lists a 3.59% APY on Emergency Savings and a 2.33% APY on Mighty Oak Checking, stated as of Sep 22, 2026. The rate is variable.Acorns says there is no minimum opening deposit or minimum balance for these accounts.As of Oct 24, 2026. Source: acorns.com/pricing
SoFiSoFi lists 3.30% APY with eligible direct deposit or $5,000 in qualifying deposits, and 0.80% APY without them, in rates effective Oct 20, 2026. The rate is variable.You need eligible direct deposit, or $5,000 in qualifying deposits every 31 days, to earn the 3.30% APY.As of Oct 24, 2026. Source: sofi.com/legal/banking-rate-sheet
Platforms
AcornsNot verified yet.
SoFiNot verified yet.
App store rating
AcornsAcorns has 4.7 out of 5 on the App Store from 959,943 ratings.As of Oct 24, 2026. Source: App Store listing
SoFiSoFi Checking and Savings has 4.7 out of 5 on the App Store from 385,426 ratings.As of Oct 24, 2026. Source: App Store listing
Who it fits
- Acorns lists an APY on deposits. That fits a Saver, whose first fix is putting saved money to work.
- See SoFi and Acorns side by side
Bloom
Investing app
Nearby category
Bloom is a subscription app for learning to invest, with lessons, games and an investing account for adults and teens.
Price and fees
BloomBloom offers a $15 monthly plan and a $99.99 annual plan, and its custodial plan costs $150 a year.As of Oct 24, 2026. Source: bloomapp.com/faq
SoFiNot verified yet.
APY or rate
BloomNot verified yet.
SoFiSoFi lists 3.30% APY with eligible direct deposit or $5,000 in qualifying deposits, and 0.80% APY without them, in rates effective Oct 20, 2026. The rate is variable.You need eligible direct deposit, or $5,000 in qualifying deposits every 31 days, to earn the 3.30% APY.As of Oct 24, 2026. Source: sofi.com/legal/banking-rate-sheet
Platforms
BloomBloom lists iOS and Android.As of Oct 24, 2026. Source: bloomapp.com
SoFiNot verified yet.
App store rating
BloomBloom has 4.8 out of 5 on the App Store from 46,596 ratings.As of Oct 24, 2026. Source: App Store listing
SoFiSoFi Checking and Savings has 4.7 out of 5 on the App Store from 385,426 ratings.As of Oct 24, 2026. Source: App Store listing
- See SoFi and Bloom side by side

What real users say

These are other people's opinions, not Priceless Tay's. We quote public reviews and posts word for word, link each one and show its date, but we haven't checked the claims in them. A post counts toward a theme when it uses one of that theme's keywords, so a mention can be praise or a complaint.

What SoFi users say

Based on 500 App Store reviews, 1 Reddit post and 1 Hacker News post dated Apr 2026 to Oct 2026, read Oct 2026. We collected the Reddit data with Apify, a scraping service, on Oct 24, 2026.

Of the 502 reviews and posts we read, 85 mention deposits, transfers or getting paid.
Of the 502 reviews and posts we read, 74 mention how easy or hard the app is to use.
Of the 502 reviews and posts we read, 70 mention customer service or support.

Positive

“Most user friendly banking app there is. Been a member for years. Every year they add something new”

App Store reviewer on the App Store, Apr 17, 2026. See the App Store reviews. Apple doesn't give single reviews their own link, so this opens the app's reviews.

Critical

“If you think an online bank is better than a brick and mortar just wait until you need customer service...”

App Store reviewer on the App Store, Sep 4, 2026. See the App Store reviews. Apple doesn't give single reviews their own link, so this opens the app's reviews.

Positive

“my favorite is sofi. i personally use them as a bank...”

u/theyhis in r/budgetingforbeginners on Reddit, Oct 21, 2026. Read it on Reddit.

Where these come from

SoFi reviews on the App Store, read Oct 24, 2026. The public feed returns the 500 most recent US reviews. We kept every one dated inside the window.
Hacker News search for SoFi, read Oct 24, 2026. Public search of comments and posts. 8 named the app; we kept 1 where the writer shares their own use of it.
Reddit search for SoFi, collected Oct 24, 2026. Collected with Apify (harshmaur/reddit-scraper) on Oct 24 2026: a keyword search for "SoFi checking savings", posts and comments from after Oct 24 2025. It returned 81, most of them about something else. We kept 0 where the writer shares their own use of the app or a clear opinion of it, plus 1 from another app's search that discusses this app. We left out moderators, bots, company accounts, referral posts and people promoting their own apps.
YouTube search for SoFi, collected Oct 24, 2026. Collected with Apify (streamers/youtube-scraper) on Oct 24 2026: a search for "SoFi checking and savings review" from the past year, up to 8 videos. It returned 8. We kept 0 and left out the app's own channel, sponsored videos, videos with affiliate or referral links and videos about a different product. We count themes from each video's title, description and captions, but we don't quote videos, because the captions we have carry no timestamps.
u/theyhis in r/budgetingforbeginners on Reddit, Oct 21, 2026.
imzadi on Hacker News, Jul 28, 2026.

FAQ

What are the closest alternatives to SoFi?

The closest alternatives to SoFi are Ally, Chime and Acorns, because Ally is also a savings account, Chime is a banking app and Acorns is an investing app. This list is ordered by how close each app's category is to SoFi's, not by how good it is.

What APY does SoFi list?

SoFi lists 3.30% APY with eligible direct deposit or $5,000 in qualifying deposits, and 0.80% APY without them, in rates effective Oct 20, 2026. SoFi says the rate is variable. You need eligible direct deposit, or $5,000 in qualifying deposits every 31 days, to earn the 3.30% APY. We checked this on Oct 24, 2026.

What is SoFi's app store rating?

SoFi Checking and Savings has 4.7 out of 5 on the App Store from 385,426 ratings. That's a snapshot from the store listing on Oct 24, 2026, not our score.

Full disclosure: Taylor Price, who runs Priceless Tay, owns Fifecta, so keep that in mind as you read this comparison.

Another option: Fifecta

If none of these feels right, here is one more option to look at. Fifecta gives every paycheck a plan with FUNDS, and it starts from your Money Type, so the plan matches how you already handle money.

Try Fifecta free

Keep comparing

Read our SoFi Checking and Savings review.
Browse our guide to the best high-yield savings accounts.
Want the bigger picture? Compare more money apps.

Full disclosure: Taylor Price, who runs Priceless Tay, owns Fifecta, so keep that in mind as you read this comparison.

Want a plan built on your Money Type?

Fifecta gives every paycheck a plan with FUNDS, so you know where each dollar goes.