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Current vs SoFi

Current is a simple, digital-only banking app with impressive APY and cashback. How does it compare to SoFi? Read our comparison chart below.

 CurrentSoFi
 Visit SiteLearn More
 

Current

SoFi

SPECIAL OFFER
Current Savings with Interest - Up to 4% APY - Learn More

Read Current Review

OFFER
Refinance Student Loans - Learn More

Read SoFi Review

 

Benefits and Features

SavingsUp to 4.00% APY on your Savings Pod, on up to a total of $6,000 
CheckingEarn up to 15x points on purchases at participating merchants 
Kids Debit Card
Check
 
Mobile App
iOS & Android
 
 

CreditDonkey® Reviews

 CurrentSoFi
SavingsStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStar
CheckingStarStarStarStarStar
PriceStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarStar
Ease of UseStarStarStarStarStar
EducationStarStarStarEmpty StarEmpty Star
EligibilityStarStarHalf StarEmpty StarEmpty Star
FeesStarStarStarStarHalf Star
Interest RatesStarStarStarStarHalf Star
Pros & ConsPros:
  • High savings rate
  • Up to 15x cash back at 14k stores
  • Ability to deposit cash
Cons:
  • No web platform
  • Email-based support only
  • Requires direct deposit to earn the boosted APY
Pros:
  • Competitive, fixed rates
  • Low fees
  • No collateral
Cons:
  • Slower underwriting process
  • High standards for borrowers
Bottom LineSimple, digital-only banking app with impressive APY and cashback... Read full reviewPersonal loans with low APR and fees. Must have good credit to qualify... Read full review
 Visit SiteLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Current: Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC

Current

Current Savings with Interest - Up to 4% APY

  • 4.00% APY on up to $6,000 balance if you receive and maintain a qualifying direct deposit of $200 or more in a rolling 35 day period. (Otherwise, 0.25% APY.)
  • Simply add money to your Savings Pods and enable the Interest feature.
  • Earn interest on up to 3 Savings Pods, up to $2,000 balance each.
  • Interest accumulates daily.
Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC
Current

Banking for Modern Life

  • Get Paid Up to 2 Days Faster
  • Fee-Free Overdraft up to $200 with Overdrive
  • 40,000 fee-free Allpoint ATMs in the U.S.
  • No minimum balance or hidden fees
Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC
Current

Convenient Teen Account With Debit Card

  • Easy transfers, set spending limits, automate allowances
  • Age: 13 years and older
  • Fees: No monthly or annual fee
Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC

Articles on Current

Current Banking Review

Current offers banking features like savings, and debit card options — but is it legit? Find out the pros, cons, and how it compares to Chime.

Articles on SoFi

SoFi Personal Loan Review

SoFi offers unsecured personal loans if you need to borrow money ASAP. But is it legit (or not)? Learn how SoFi personal loans actually work.

SoFi Mortgage Review

Thinking about buying a home or refinancing your existing mortgage? Is SoFi a good online lender or should you stick with a traditional bank? Read on for the pros and cons.

Which Do You Think is Best?





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About CreditDonkey
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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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