GO2bank: Savings Accounts & Rates

Savings rates updated: 9/19/2025

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 6 of the 20 Best Savings Rates)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.4% (as of 9/15/2025)

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
4.8 App Store rating and 4.6 Google Play rating
$5 monthly fee waived with direct deposit

Considerations

F BBB rating, not BBB accredited
No interest on balances above $5,000
$5 monthly maintenance fee without direct deposit
Online-only bank, no physical branches

Summary: GO2bank offers a competitive 4.50% APY for its High Yield Savings account, applicable to balances up to $5,000. While there are no minimum deposit or balance requirements, the account has a $5 monthly fee unless direct deposit is set up. The bank holds a low BBB rating and is not accredited, which may concern some savers. Additionally, being an online-only bank means no physical branch access.

Savings Account: In-Depth View

Savings Account Offered by GO2bank

Feature	High Yield Savings
APY	4.50% (as of 9/19/2025)
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

All calculations are based on APY.

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

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	44
High (-1 m)	4.50 %
Low (-1 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 1 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 (-1 m): Highest APY in the last 45 days.
Low (-1 m): Lowest APY in the last 45 days.
Draw-down from High: How far today sits below the 1-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

Affirm - 3.85% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.50% APY
Amalgamated Bank - 2.25% APY
American Express - 3.50% APY
Ameriprise Bank - 3.15-3.15% APY
Axos Bank - 4.46% APY
Bank5 Connect - 4.05% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 4.05% APY
Betterment - 4.00% APY
BMO Alto - 3.25% APY
Bread Savings - 4.25% APY
BrioDirect - 4.30% APY
Capital One - 3.50% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
Chime - 1.25-3.75% APY
CIBC Bank USA - 4.02% APY
CIT Bank - 0.25-4.00% APY
Citibank - 3.40% APY
Citizens Access™ - 3.50% APY
Colorado Federal Savings Bank - 4.15% APY
ConnectOne Bank - 3.75% APY
Customers Bank - 4.23% APY
Discover Bank - 3.50% APY
Elevault - 4.60% APY
E*TRADE from Morgan Stanley - 4.00% APY
EverBank - 4.05% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.25% APY
Fitness Bank - 4.75% APY
Flagstar Bank - 4.00% APY
FNBO Direct - 3.25% APY
Forbright Bank - 4.25% APY
FVCbank - 4.45% APY
High Plains Bank - 0.23-3.82% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 4.00% APY
Marcus by Goldman Sachs - 3.65% APY
MutualOne Bank - 4.07% APY
My Banking Direct - 4.30% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.60% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.35% APY
Pibank - 4.60% APY
PNC - 3.95% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.10% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 4.05% APY
Primis Bank - 4.20% APY
Quontic Bank - 3.75% APY
RBMAX - 4.15% APY
Rising Bank - 4.20% APY
ROGER - 4.12% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.50% APY
Synchrony Bank - 3.80% APY
TAB Bank - 4.15% APY
TD Bank - 0.05-3.00% APY
The State Exchange Bank - 4.21% APY
TIMBR - 4.40% APY
UFB Direct - 3.90-4.10% APY
Upgrade - 4.02% APY
Valley Direct - 4.05% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.20% APY
Zynlo Bank - 4.35% APY

Feature	GO2bank	Select a bank...
Product	High Yield Savings	N/A
APY	4.50% (as of 9/19/2025)	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

Bank Pair	Competitor APY	Min Deposit
GO2bank vs Ally Bank	3.50%	$0
GO2bank vs American Express	3.50%	$0
GO2bank vs Axos Bank	4.46%	$0
GO2bank vs Bank of America	0.01%	$100
GO2bank vs Barclays	4.10%	$0
GO2bank vs BrioDirect	4.30%	$5,000
GO2bank vs Capital One	3.50%	$0
GO2bank vs Chase Bank	0.01%	$0
GO2bank vs Chime	3.75%	$0
GO2bank vs CIT Bank	4.00%	$100
GO2bank vs Discover Bank	3.50%	$0
GO2bank vs Elevault	4.60%	$0
GO2bank vs EverBank	4.05%	$0
GO2bank vs Fitness Bank	4.75%	$100
GO2bank vs FVCbank	4.45%	$500
GO2bank vs Marcus by Goldman Sachs	3.65%	$0
GO2bank vs Neighbors Bank	4.60%	$0
GO2bank vs Newtek Bank	4.35%	$0
GO2bank vs Peak Bank	4.35%	$100
GO2bank vs Pibank	4.60%	$0
GO2bank vs Presidential Bank	4.50%	$5,000
GO2bank vs Santander Bank	0.01%	$25
GO2bank vs SoFi Bank	4.50%	$0
GO2bank vs Synchrony Bank	3.80%	$0
GO2bank vs TIMBR	4.40%	$1,000
GO2bank vs UFB Direct	4.10%	$5000
GO2bank vs Varo Bank	5.00%	$0
GO2bank vs Wells Fargo	2.51%	$25
GO2bank vs Zynlo Bank	4.35%	$10