Betterment vs. GO2bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Betterment
Cash Reserve
3.50%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Betterment
Cash Reserve
GO2bank
High Yield Savings
Up to4.50%APYDec 10, 2025FDIC InsuredChecking BundleNo MinimumsGreat iOS AppGreat Android AppRange: 0.00% – 4.50%Show Fine Print & Trends Hide Details
GO2bank
High Yield Savings
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Betterment vs. GO2bank Savings Calculator
Betterment earns $883.2 more than GO2bank.
Betterment
Cash Reserve
Savings Breakdown
- Interest Earned+$2,114.10(10.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,114.10
GO2bank
High Yield Savings
4.50% on first $5,000 and 0.00% thereafter.
Savings Breakdown
- Interest Earned+$1,230.90(6.4%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,230.90
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Betterment vs. GO2bank
Why Betterment?
- ✓No checking account or direct deposit required
Why GO2bank?
- ✓Higher potential APY (4.50% vs 3.50%) on balances up to $5,000 (requires checking bundle)
— Key Feature Differences —
Better Returns at $10,000
BettermentBetterment's Cash Reserve earns more on smaller deposits (approx. $350 vs $225/yr).
Better Returns at $25,000
BettermentBetterment's Cash Reserve pulls ahead with larger amounts (approx. $875 vs $225/yr).
Best for Simplicity
BettermentBetterment's Cash Reserve offers 3.50% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Betterment's Cash Reserve pays $125 more interest on a $10,000 balance than GO2bank's High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
GO2bank offers a High Yield Savings account with a competitive APY of 4.50%, making it the winner between the two banks. However, eligibility requires opening a GO2bank checking account, and the high yield applies only to balances up to $5,000, after which no interest is earned. In comparison, Betterment's Cash Reserve provides a solid APY of 3.50% with no account bundling or direct deposit requirements, making it a simpler alternative for savers. Both banks operate online only and have no maintenance fees, enhancing their appeal.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Betterment and GO2bank.
| Feature | Betterment | GO2bank |
|---|---|---|
| APY | 3.50% Verified: 12/10/2025 ↘︎ 0.50%90d Change | 4.50% 0Verified: 12/10/2025 Stable (90d) |
| Product Name | Cash Reserve | High Yield Savings |
| Minimum Deposit | $10 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $5 per month, unless you set up direct deposit |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.8 Android4.7 | iOS4.8 Android4.5 |
| BBB Rating | A- | Not Rated |
| Important Notes | - | 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 |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Betterment | GO2bank |
|---|---|---|
| Cash Reserve | High Yield Savings | |
Current APY | 3.50% | 4.50% |
Trend | Stable | Stable |
Velocity (bps/mo) | -16.1 | 0.0 |
Days Since Change | 39 | 126 |
4-Month High | 4.00% | 4.50% |
4-Month Low | 3.50% | 4.50% |
Adjustments / Mo | 0.47 | 0.00 |
Volatility Score | 0.057 | 0.000 |
How to read these metrics(Click to expand)
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