GO2bank: Savings Account & Rates

By Aviel Fahl

Updated: 2/21/2026

Mission: Banksparency aims to make GO2bank's savings account transparent and comparable to the market.

Interest rates reported as APY

Analysis of GO2bank

Our verdict

GO2bank offers High Yield Savings, a high-yield savings account paying 4.50% APY with no minimum deposit.

At 4.50% APY, GO2bank pays 12x the national average (0.39%). Ranks in the top tier of 99+ accounts tracked.

Ideal User Profile

Best for: growing a smaller balance under $5,000, keeping checking and savings at one bank, and banking without needing a branch.

Important Considerations

The 4.50% APY only applies to the first $5,000. Amounts above earn 0%. For larger balances, effective APY will be lower.

To earn the High Yield Savings top rate, you'll need a linked checking account with GO2bank.

Key Differentiators

Stands out with top-rated iOS app (4.8), highly-rated Android app (4.5).

Savings Overview

High Yield Savings

Top 20 Rate

4.50% APY

Very StableNo rate changes in last 90 days

No Minimums Checking Bundle Online Only

Min. Deposit	$0
Min. Balance	$0
Maintenance Fee	$5 per month, unless you set up direct deposit

Rank #4 of 99 tracked.

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.

Looking for Simplicity?

Don't want a checking bundle? We track many high-yield banks that offer competitive rates without checking requirements.

See Simple Savings

National Avg: 0.39% (FDIC, 1/1/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationProvo, Utah
Founded1999
AffiliationGO2bank is a tradename of Green Dot Bank.
Ratings & Trust
4.8iOS 4.5Android Not RatedBBB Not BBB Accredited
Zelle® SupportNo Support
Standard ACH or Wire transfers only.
Deposit InsuranceFDIC Insured(Cert: 22653)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$0
Min. Balance in Savings Account	$0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.6

The 4.21% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

PREMIUM ACCOUNT, GENEROUS BONUS

SponsoredVerified Feb 21, 2026

FDIC Insured

CIT Bank - Platinum Savings

Competitive APY - with a balance of $5,000+
Earn up to $300 bonus with qualifying deposit
Highly rated mobile apps

FDIC Insured

Savings3.75%APY

Up to$300Bonus

Go to CIT Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$5,000
Mobile Ratings	iOS:4.8 Android:4.7

This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Feb 21, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.50%APY

Go to Quontic Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$0
Mobile Ratings	iOS:4.8 Android:4.8

Top Market Contenders

Capital One

3.30% APY

vs. GO2bank

Synchrony Bank

3.50% APY

vs. GO2bank

American Express

3.30% APY

vs. GO2bank

Popular Peer Comparisons

American Express vs SoFi Bank Ally Bank vs EverBank Axos Bank vs Capital One Ally Bank vs American Express Capital One vs SoFi Bank Ally Bank vs Capital One

Savings Account: In-Depth View

Savings Account Offered by GO2bank

Feature	High Yield Savings
APY	4.50%0Verified: 2/21/2026
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

All calculations are based on APY.

Selected Product

High Yield Savings4.50% APY

Initial Deposit

Recurring Deposit

Frequency

Duration

ℹ️Earn 4.50% on first $5,000, and 0.00% on the rest.

Savings Breakdown

Interest Earned
+$1,029.30(6.8%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$15,029.30

Effective APY

2.67%

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 7 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	198
High (-7m)	4.50%
Low (-7m)	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 199-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: 2/21/2026	-
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

Bank Pair	Competitor APY	Min Deposit
GO2bank vs Ally Bank	3.20%	$0
GO2bank vs American Express	3.30%	$0
GO2bank vs Axos Bank	4.21%	$0
GO2bank vs Bank of America	0.01%	$100
GO2bank vs Barclays	3.85%	$0
GO2bank vs Capital One	3.30%	$0
GO2bank vs Chase Bank	0.01%	$0
GO2bank vs Chime	3.00%	$0
GO2bank vs CIT Bank	3.75%	$100
GO2bank vs Citibank	3.20%	$0
GO2bank vs Discover Bank	3.30%	$0
GO2bank vs EverBank	3.90%	$0
GO2bank vs Marcus by Goldman Sachs	3.65%	$0
GO2bank vs Newtek Bank	4.20%	$0.01
GO2bank vs Openbank	4.09%	$500
GO2bank vs Pibank	4.60%	$0
GO2bank vs SoFi Bank	4.00%	$0
GO2bank vs Synchrony Bank	3.50%	$0
GO2bank vs Varo Bank	5.00%	$0
GO2bank vs Wealthfront	3.95%	$0
GO2bank vs Wells Fargo	0.05%	$25