Go2bank vs. Ivy Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of GO2bank vs. Ivy Bank
Key Metrics at a Glance
| Feature | GO2bank | Ivy Bank |
|---|---|---|
| Top Savings APY | 4.50% High Yield Savings | 4.25% High-Yield Savings Account |
| Minimum to Open | $0 | $2,500 |
| Minimum Balance for Top APY | $0 | $2,500 |
| Note | The 4.50% APY is up to 5,000. Balances above that earn no interest. |
GO2bank
Strengths
- GO2bank offers a higher APY of 4.50% compared to Ivy Bank's 4.25%.
- No minimum deposit or balance is required for GO2bank's High Yield Savings.
- GO2bank has a higher App Store rating of 4.8 versus Ivy Bank's 4.7.
Potential Drawbacks
- GO2bank charges a $5 monthly maintenance fee unless direct deposit is set up.
- GO2bank is not rated by the BBB and is not accredited.
Ivy Bank
Strengths
- Ivy Bank has an A- BBB rating, indicating better trustworthiness.
- Ivy Bank has no maintenance fees for its High-Yield Savings Account.
Potential Drawbacks
- Ivy Bank requires a minimum deposit and balance of $2,500.
- Ivy Bank has a lower App Store rating of 4.7 compared to GO2bank's 4.8.
- Ivy Bank's APY of 4.25% is lower than GO2bank's 4.50%.
→ As of November 12, 2025 GO2bank offers an APY of 4.50% for its High Yield Savings account, with a minimum balance of $0, compared to Ivy Bank's 4.25% APY for its High-Yield Savings Account, with a minimum balance of $2,500.
→ Ivy Bank yields $200 more than GO2bank on a $10,000 balance after one year. GO2bank pays $225 (with an effective APY of 2.25%), while Ivy Bank pays $425 - an APY advantage for Ivy Bank.
Calculate Savings Growth for GO2bank vs Ivy Bank
GO2bank - High Yield Savings
ℹ️You earn 4.50% on the first $5,000 and 0.00% on the rest.
Total savings breakdown:
- Interest earned: $1,230.9 (6.40%)
- Total contributions: $13,000 (67.60%)
- Initial deposit: $5,000 (26.00%)
Your total balance
$19,230.90
Total balance: $19,230.9
Earnings: $1,230.9
Bank OverviewIvy Bank - High-Yield Savings Account
Total savings breakdown:
- Interest earned: $2,596.8 (12.61%)
- Total contributions: $13,000 (63.12%)
- Initial deposit: $5,000 (24.28%)
Your total balance
$20,596.80
Total balance: $20,596.8
Earnings: $2,596.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, GO2bank's total earnings would be $1,365.9 lower than Ivy Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare GO2bank's vs Ivy Bank's Savings Accounts
| GO2bank | Ivy Bank | ||
|---|---|---|---|
| Product | High Yield Savings | vs | High-Yield Savings Account |
| APY | 0.00% - 4.50% (as of 11/12/2025) | 0.05% - 4.25% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Quarterly | Daily | |
| Minimum Deposit | $0 | $2,500 | |
| Minimum Balance for APY | $0 | $2,500 | |
| Maintenance Fee | $5 per month, unless you set up direct deposit | $0 | |
| Direct Deposit Required | No | No | |
| Eligibility | United States | Residents of California and U.S. Territories (except District of Columbia) are ineligible to apply. | |
| Note | The 4.50% APY is up to 5,000. Balances above that earn no interest. | ||
| App Store Rating | 4.8/5 | 4.7/5 | |
| Google Play Rating | 4.5/5 | 3.5/5 | |
| BBB Rating | Not Rated | A- |
No historical data available.