GO2bank: Savings Accounts & Rates
By Aviel Fahl
Savings rates updated: 11/4/2025
Mission statement: Banksparency aims to make GO2bank's savings accounts transparent and comparable to those of other banks. .
Note: Interest rates below are reported as APY, or Annual Percentage YieldWe earn a commission if you open an account through some links on this page.
Savings Overview
High Yield Savings: 0.00% - 4.50% APY(Rank 5 of the 20 Best Savings Rates)
National Savings Interest Rate: 0.4% (as of 10/20/2025)
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.
BBB Rating: Not Rated (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
- 4.8 App Store rating and 4.6 Google Play rating
- No maintenance fee with direct deposit setup
Considerations
- $5 monthly fee without direct deposit
- Not BBB Accredited, with no rating
- Online-only bank may lack in-person support
- Interest on balances above $5,000 is zero
Savings Account: In-Depth View
Savings Account Offered by GO2bank
| Feature | High Yield Savings |
|---|---|
| APY | 0.00% - 4.50% (as of 11/4/2025) |
| APY Trend | Stable for the last quarter |
| 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
High Yield Savings (APY: 4.50%)
ℹ️You earn 4.50% on the first $5,000 and 0.00% on the rest.
Total savings breakdown:
- Interest earned: $1,029.3 (6.85%)
- Total contributions: $13,000 (86.50%)
- Initial deposit: $1,000 (6.65%)
Your total 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
| Metric | High Yield Savings |
|---|---|
| Latest APY | 4.50 % |
| Trend | Sideways |
| Slope (bps/mo) | 0.0 |
| Rate Changes / Mo | 0.00 |
| Days Since Last Change | 89 |
| High (-3 m) | 4.50 % |
| Low (-3 m) | 4.50 % |
| Draw-down from High | 0.0 % |
| Volatility (CV) | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 3 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-3 m)
- Highest APY in the last 90 days.
- Low (-3 m)
- Lowest APY in the last 90 days.
- Draw-down from High
- How far today sits below the 3-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Compare GO2bank's Savings Account
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- SoFi Bank - 4.50% APY
- Synchrony Bank - 3.80% APY
- TAB Bank - 3.80% APY
- TD Bank - 0.05-2.75% APY
- The State Exchange Bank - 3.96% APY
- TIMBR - 4.40% APY
- UFB Direct - 3.51-3.71% APY
- Upgrade - 3.05% APY
- Valley Direct - 4.10% APY
- Varo Bank - 2.50-5.00% APY
- Wells Fargo - 0.05-0.05% APY
- Western Alliance Bank - 4.10% APY
- Zynlo Bank - 4.20% APY
| Feature | GO2bank | Select a bank... |
|---|---|---|
| Product | High Yield Savings | N/A |
| APY | 0.00% - 4.50% (as of 11/4/2025) | 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 |
Bank-to-Bank Comparisons
Compare GO2bank's APY of 4.50% with other banks
Alternatives to GO2bank
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Jenius Bank
Jenius Savings: 4.20% APY
Minimum Deposit: $0
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Evergreen Bank Group
High-Yield Online Savings: 4.25% APY (Inactive)
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Presidential Bank
Advantage Savings: 4.50% APY
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Minimum Deposit: $5,000
Direct Deposit: To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.
Neighbors Bank
Neighbors Savings Account: 4.50% APY
Minimum Deposit: $0
Eligible States: Limited (see details)
Zynlo Bank
Tomorrow Savings Account: 4.20% APY
Minimum Deposit: $10
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Openbank
High-Yield Savings Account: 4.20% APY
Minimum Deposit: $500
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Fitness Bank
Fitness Savings Account: 4.45% APY
Minimum Deposit: $100
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Peak Bank
Envision High Yield Savings: 4.20% APY
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SoFi Savings: 4.50% APY
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TIMBR
Premium Savings Account: 4.40% APY
Minimum Deposit: $1,000
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Pibank
Pibank Savings: 4.60% APY
Minimum Deposit: $0
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