GO2bank: Savings Accounts & Rates

Savings rates updated: 8/6/2025

Mission statement: Banksparency aims to make GO2bank's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

Note: Interest rates below are reported as APY, or Annual Percentage Yield

We earn a commission if you open an account through some links on this page.

Savings Overview

High Yield Savings: 4.50% APY(Rank 7 of the 20 Best Savings Rates)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.38% (as of 7/21/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: Provo, Utah

Founded: 1999

Affiliation: GO2bank is a tradename of Green Dot Bank.

Deposit Insurance: FDIC Cert # 22653

BBB Rating: F (Not BBB Accredited)

App Store Rating: 4.8/5

Google Play Rating: 4.6/5

Website: Visit GO2bank

Our Take on GO2bank

Highlights

4.50% APY on balances up to $5,000
$0 minimum deposit and balance requirements
High App Store rating of 4.8
No maintenance fees with direct deposit setup

Considerations

F BBB rating from Better Business Bureau
Not BBB Accredited
Monthly fee of $5 without direct deposit
Interest only on balances up to $5,000

Summary: GO2bank offers a competitive 4.50% APY on its High Yield Savings account, but it only applies to balances up to $5,000. The bank has a $5 monthly maintenance fee unless a direct deposit is set up. While the app ratings are high, the F rating from the BBB and lack of accreditation may concern potential customers. Overall, it's a viable option for savers with smaller balances.

Savings Account: In-Depth View

Savings Account Offered by GO2bank

Feature	High Yield Savings
APY	4.50% (as of 8/6/2025)
APY Trend	N/A
Minimum Deposit	$0
Minimum Balance for APY	$0
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Quarterly
Maintenance Fee	$5 per month, unless you set up direct deposit
Eligibility	United States
Note	The 4.50% APY is up to $5,000. Balances above that earn no interest.
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for GO2bank

All calculations are based on APY.

Savings Product:

High Yield Savings (APY: 4.50%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,775.4 (11.25%)
Total contributions: $13,000 (82.41%)
Initial deposit: $1,000 (6.34%)

Your total balance

$15,775.40

Effective APY: 4.50% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

GO2bank Savings Rates Over Time

No historical data available.

Compare GO2bank's Savings Account

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Feature	GO2bank	Select a bank...
Product	High Yield Savings	N/A
APY	4.50% (as of 8/6/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Quarterly	N/A
Minimum Deposit	$0	N/A
Minimum Balance for APY	$0	N/A
Maintenance Fee	$5 per month, unless you set up direct deposit	N/A
Direct Deposit Required	No	N/A
Note	The 4.50% APY is up to $5,000. Balances above that earn no interest.	N/A