While traditional banks pay 0.01-0.5% APY, Paxify offers up to 5% APY on your savings. No minimum deposit. No monthly fees. Withdraw anytime.
* APY is variable and subject to market conditions. Actual returns may vary. Not FDIC insured.
See how Paxify's rates stack up against traditional banks and leading online savings accounts.
| Provider | APY | Min. Deposit | Monthly Fee | Withdrawal Time |
|---|---|---|---|---|
| Paxify | ~5.00% | $0 | $0 | Instant |
| Marcus by Goldman Sachs | 4.00% | $0 | $0 | 1-3 days |
| Ally Bank | 3.80% | $0 | $0 | 1-3 days |
| SoFi | 4.20% | $0 | $0 | 1-3 days |
| Wealthfront Cash | 4.50% | $1 | $0 | 1-3 days |
| Traditional Bank (Average) | 0.46% | $25-$100 | $5-$15 | Instant |
Rates as of January 2026. Competitor rates may vary. Traditional bank average based on FDIC data.
Paxify's APY is variable, meaning it can change based on market conditions. Here's what influences the rate you earn:
When broader interest rates rise (like U.S. Treasury yields), the returns on our underlying investments increase, allowing us to offer higher APYs. When rates fall, APYs may decrease.
We allocate funds across multiple vetted yield sources. The performance of these protocols directly impacts the rate we can offer. We continuously optimize allocation to maximize returns while maintaining safety.
Like any financial market, the supply of capital and demand for borrowing affects rates. Higher demand for loans typically means higher yields for savers.
We update our displayed APY weekly to reflect current market conditions. You'll always see the most accurate rate before you deposit. We'll notify you via email if rates change significantly (more than 0.5% up or down).
While Paxify is launching soon, our underlying strategy has been tested. Here's how similar approaches have performed historically:
Historical performance based on backtested strategy using similar yield sources. Past performance does not guarantee future results. Actual returns may vary.
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