GO2bank vs. Openbank
Comparing GO2bank and Openbank for high-yield savings: GO2bank's High Yield Savings pays 4.50% APY while Openbank's High-Yield Savings Account pays 4.00% APY.
Note: GO2bank caps its top rate at $5,000 and requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Openbank pays $175 more than GO2bank annually ($400 vs $225).
Choose GO2bank if mobile app quality matters. Choose Openbank if getting the best rate matters most, or you want a no-strings-attached account.
Important Considerations
Watch out: GO2bank's 4.50% APY only applies to the first $5,000. With a $10,000 balance, your effective rate drops to 2.25% APY ($225 annually).
At balances above $5,625, Openbank earns more due to GO2bank's APY cap.
GO2bank requires a checking account to unlock its top savings rate, while Openbank offers its savings account standalone.
| Metric | GO2bankHigh Yield Savings Apr 7, 2026 | OpenbankHigh-Yield Savings Account Apr 7, 2026 |
|---|---|---|
| APY | 0.00% - 4.50% | 4.00% |
Est. Earnings | $5,000+$225 $10,000+$225 $25,000+$225 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
Min Deposit | $0 | $500 |
Snapshot view. Rates subject to change. | ||
Terms | 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 InsuredNo MinimumsGreat iOS AppGreat Android AppChecking BundleStable Rate | FDIC InsuredLow MinimumsRate Changes Often |
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.
Executive Summary
GO2bank offers a High Yield Savings account with a competitive APY of 4.50%, applicable on balances up to $5,000, while balances above this amount earn no interest. A GO2bank checking account is required to open the savings account, and it features a monthly maintenance fee of $5 unless direct deposit is set up. In comparison, Openbank provides a High-Yield Savings Account with an APY of 4.00% and no maintenance fees or direct deposit requirements, making it simpler to manage. Both banks operate online only, with GO2bank slightly edging out Openbank in terms of APY.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why GO2bank?
- ✓Higher potential APY (4.50% vs 4.00%) on balances up to $5,000 (requires checking bundle)
- ✓Higher rated iOS app (4.8 vs 3.1)
- ✓Higher rated Android app (4.5 vs 2.5)
Why Openbank?
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
OpenbankOpenbank's High-Yield Savings Account earns more on smaller deposits (approx. $400 vs $225/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1000 vs $225/yr).
Best for Simplicity
OpenbankOpenbank's High-Yield Savings Account offers 4.00% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
GO2bankGO2bank offers an iOS app rated 4.8 (vs. 3.1) and Android app rated 4.5 (vs. 2.5)
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $175 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.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
GO2bank vs. Openbank Savings Calculator
You earn $175 more with Openbank than GO2bank 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.
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
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $224 per year in interest.
Both GO2bank and Openbank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | GO2bank | Openbank |
|---|---|---|
| APY | 4.50% 0Verified: 4/7/2026 Stable (90d) | 4.00% Verified: 4/7/2026 ↘︎ 0.20%90d Change |
| Product Name | High Yield Savings | High-Yield Savings Account |
| Minimum Deposit | $0 | $500 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $5 per month, unless you set up direct deposit | $0 |
| Compound Frequency | Quarterly | Monthly |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | F | 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 | Visit SiteVerify at GO2bank Non-sponsored link to official site | Visit SiteVerify at Openbank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | GO2bank | Openbank |
|---|---|---|
| High Yield Savings | High-Yield Savings Account | |
Current APY | 4.50% | 4.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -1.9 |
Days Since Change | 244 | 7 |
8-Month High | 4.50% | 4.20% |
8-Month Low | 4.50% | 4.00% |
Adjustments / Mo | 0.00 | 0.25 |
Volatility Score | 0.000 | 0.014 |
How to read these metrics(Click to expand)
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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 | 3.20% | $0 |
| GO2bank vs Axos Bank | 4.21% | $0 |
| GO2bank vs Barclays | 3.85% | $0 |
| GO2bank vs Capital One | 3.20% | $0 |
| GO2bank vs Chime | 3.00% | $0 |
| GO2bank vs CIT Bank | 3.75% | $100 |
| 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 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 | 4.20% | $0 |