SoFi and TD Bank are two different types of banks. SoFi is an online bank, meaning you do all your banking on your computer or phone. TD Bank has real branches you can visit.
Both banks offer checking and savings accounts, but they have different features. SoFi has higher interest rates on savings but no branches. TD Bank has branches but lower interest rates and more fees.
- SoFi: No physical branches, higher interest rates, lower fees, easy online access.
- TD Bank: Many physical branches across the East Coast, lower interest rates, potentially higher fees, in-person help available.
| Feature | SoFi | TD Bank |
|---|---|---|
| Savings Interest Rate | Up to 3.80% (with direct deposit) | Varies, up to a higher rate with large balances |
| Checking Account Fees | None | Possible monthly fees, waived with certain conditions |
| Branches | None | Many on the East Coast |
| CDs | No | Yes, with varying interest rates |
