GO2bank: Savings Account & Rates
Mission: Banksparency aims to make GO2bank's savings account transparent and comparable to the market.
Savings Overview
High Yield Savings
| Min. Deposit | $0 |
| Min. Balance | $0 |
| Maintenance Fee | $5 per month, unless you set up direct deposit |
Looking for Simplicity?
Don't want a checking bundle? We track many high-yield banks that offer competitive rates without checking requirements.
Bank Overview
- HQ LocationProvo, Utah
- Founded1999
- AffiliationGO2bank is a tradename of Green Dot Bank.
- Ratings & Trust
- Zelle® SupportNo SupportStandard ACH or Wire transfers only.
- Deposit InsuranceFDIC Insured(Cert: 22653)
Our Take on GO2bank
The Good
- High 4.50% APY on balances up to $5,000
- No minimum deposit or balance requirements
- Highly rated mobile apps (iOS: 4.8, Android: 4.5)
Considerations
- APY drastically decreases for balances over $5,000
- Requires opening a checking account (bundled)
- Monthly maintenance fee of $5
- No physical branch access (online only)
GO2bank offers a High Yield Savings account with an attractive 4.50% APY on balances up to $5,000. However, to open this savings account, customers must also have a GO2bank checking account. Balances exceeding $5,000 earn no interest, and there is a monthly maintenance fee of $5. The account has no minimum deposit or balance requirements and is accessible through highly rated mobile apps. Note that this account is tiered, meaning the APY significantly decreases for higher balances.
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by GO2bank
| Feature | High Yield Savings |
|---|---|
APY | 4.50%0Verified: 1/7/2026 |
APY Trend | Very StableNo rate changes in last 90 days |
Min. Deposit | $0 |
Min. Balance | $0 |
Monthly Fee | $5 per month, unless you set up direct deposit |
Direct Deposit | None |
Checking Bundle | Yes |
Branch Access | None |
Compounding | Quarterly |
FDIC Insured | Yes |
Eligibility | United States |
Important | A GO2bank checking account is required to open a savings account. The 4.50% APY is up to $5,000. Balances above that earn no interest. |
| Next Steps | - |
Calculate Savings for GO2bank
Savings Breakdown
- Interest Earned+$1,029.30(6.8%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,029.30
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
GO2bank Savings Rates Over Time
Historical APY Insights
Last 5 Months| Metric | High Yield Savings |
|---|---|
Latest APY | 4.50% |
Trend | Sideways |
Slope (bps/mo) | 0.0 |
Rate Changes / Mo | 0.00 |
Days Since Last Change | 153 |
High (-5m) | 4.50% |
Low (-5m) | 4.50% |
Draw-down | 0.0% |
Volatility (CV) | 0.000 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 154-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with GO2bank
| Feature | Current View GO2bank | Empty Slot |
|---|---|---|
| Product | High Yield Savings | - |
APY | 0.00% - 4.50%Verified: 1/7/2026 | - |
APY Trend | Very StableNo rate changes in last 90 days | - |
| Min. Deposit | $0 | - |
| Monthly Fee | $5 per month, unless you set up direct deposit | - |
Direct Deposit | No | - |
Checking Bundle | Yes | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Quarterly | - |
FDIC Insured | Yes | - |
| Note | A GO2bank checking account is required to open a savings account. The 4.50% APY is up to $5,000. Balances above that earn no interest. | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare GO2bank's APY of 4.50% with other banks
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