Bank of America vs. GO2bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Bank of AmericaAdvantage Savings Jan 21, 2026 | GO2bankHigh Yield Savings Jan 21, 2026 |
|---|---|---|
| APY | 0.01% | 0.00% - 4.50% |
Est. Earnings | $5,000+$1 $10,000+$1 $25,000+$3 | $5,000+$225 $10,000+$225 $25,000+$225 |
Min Deposit | $100 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | 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. |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking Bundle |
Comparison Analysis
Comparing Bank of America vs. GO2bank
As of Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to GO2bank's 4.50% APY for its High Yield Savings account, with a minimum balance of $0.
GO2bank pays $224 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while GO2bank pays $225 (with an effective APY of 2.25%) - an APY advantage for GO2bank.
Why Bank of America?
- ✓No checking account or direct deposit required
- ✓Fast transfers via Zelle® (up to $3,500 a day)
Why GO2bank?
- ✓Higher potential APY (4.50% vs 0.01%) on all balances
— Key Feature Differences —
Better Returns at $10,000
GO2bankGO2bank's High Yield Savings earns more on smaller deposits (approx. $225 vs $1/yr).
Better Returns at $25,000
GO2bankGO2bank's High Yield Savings pulls ahead with larger amounts (approx. $225 vs $3/yr).
Best for All-in-One Banking
GO2bankGO2bank's High Yield Savings pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, GO2bank's High Yield Savings pays $224 more interest on a $10,000 balance than Bank of America's Advantage Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
GO2bank offers a High Yield Savings account with a competitive APY of 4.50%, significantly higher than Bank of America's Advantage Savings account, which yields only 0.01%. To open a savings account with GO2bank, a checking account is required, and while there is a maintenance fee of $5 per month, this can be waived by setting up direct deposit. In contrast, Bank of America charges an $8 monthly fee, which may be waived under certain conditions. Overall, for those looking for higher returns on savings, GO2bank is the clear choice.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
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Top Market Contenders
Bank of America vs. GO2bank Savings Calculator
You earn $224 more with GO2bank than Bank of America on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Bank of America
Advantage Savings
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
GO2bank
High Yield Savings
4.50% on first $5,000 and 0.00% thereafter.
Savings Breakdown
- Interest Earned+$225.00(2.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,225.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bank of America | GO2bank |
|---|---|---|
| APY | 0.01% Verified: 1/21/2026 Stable (90d) | 4.50% 0Verified: 1/21/2026 Stable (90d) |
| Product Name | Advantage Savings | High Yield Savings |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | N/A | $0 |
| Monthly Fee | $8 | $5 per month, unless you set up direct deposit |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.8 Android4.6 | iOS4.8 Android4.5 |
| Zelle® Support | Available Limit: $3,500/dayFounding member; highest limits for established users. | Not Supported |
| BBB Rating | A+ | Not Rated |
| Important Notes | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | 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 | Visit SiteVerify at Bank of America Non-sponsored link to official site | Visit SiteVerify at GO2bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bank of America | GO2bank |
|---|---|---|
| Advantage Savings | High Yield Savings | |
Current APY | 0.01% | 4.50% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | 0.0 |
Days Since Change | 36 | 167 |
6-Month High | 0.03% | 4.50% |
6-Month Low | 0.01% | 4.50% |
Adjustments / Mo | 0.36 | 0.00 |
Volatility Score | 0.164 | 0.000 |
How to read these metrics(Click to expand)
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