Bank · FDIC insured
SoFi Bank, National Association
A $56.8B bank, the 46th largest of 4,207, headquartered in Cottonwood Heights, UT, with 4 branches in 2 states. It opens accounts online nationwide.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: carrot has not captured enough rates to score this yet. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- Savings880.80%4.40% with extra requirementsSavings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About SoFi Bank, National Association
Social Finance, Inc. was founded in August 2011 by Stanford business school students, originally using an alumni-funded lending model to connect recent graduates with alumni in their community.
After becoming a publicly traded company on the Nasdaq Global Market in June 2021, SoFi received federal approval in June 2022 to become a national bank offering FDIC-insured checking and savings products.
The company maintains an office location at 234 1st Street in San Francisco, California.
- Headquarters
- 2750 E Cottonwood Pkwy, Cottonwood Heights, UT 84121
- FDIC certificate
- 26881 ↗
Branches
4 branches in 2 states
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California
3 branches
Live Oak area · 1
- Live Oak Branch9960 Live Oak Blvd, Live Oak, CA 95953Directions
Sacramento area · 1
- Sacramento Office Branch1409 28th St, Sacramento, CA 95816Directions
Yuba City area · 1
- Yuba City Branch 04620 N Walton Ave, Yuba City, CA 95993Directions
Utah
1 branch
- SoFi Bank, National AssociationMain office2750 E Cottonwood Pkwy, Cottonwood Heights, UT 84121Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 13.34% | 9.97% | 10.85% or more |
| Troubled loansNoncurrent | 0.08% | 0.70% | 0.47% or less |
| ProfitabilityReturn on assets | 1.98% | 1.23% | 1.55% or more |
| LendingLoans per $100 deposited | $100 | $85 | — |
- CapitalLeverage ratio13.34%Peers’ middle 9.97% · Top 25% 10.85%+
- Troubled loansNoncurrent0.08%Peers’ middle 0.70% · Top 25% ≤0.47%
- ProfitabilityReturn on assets1.98%Peers’ middle 1.23% · Top 25% 1.55%+
- LendingLoans per $100 deposited$100Peers’ middle $85
Compared with the 164 banks with $10 billion or more in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of SoFi Bank, National Association are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.