Go2bank vs. Santander Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of GO2bank vs. Santander Bank
Key Metrics at a Glance
| Feature | GO2bank | Santander Bank |
|---|---|---|
| Top Savings APY | 4.50% High Yield Savings | 0.01% Santander Savings |
| Minimum to Open | $0 | $25 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | The 4.50% APY is up to 5,000. Balances above that earn no interest. |
GO2bank
Strengths
- GO2bank offers a competitive APY of 4.50%, significantly higher than Santander Bank.
- No minimum deposit requirement for opening a High Yield Savings account at GO2bank.
- GO2bank has a higher App Store rating of 4.8 compared to Santander Bank's 4.8.
Potential Drawbacks
- GO2bank charges a $5 monthly maintenance fee unless direct deposit is set up.
- GO2bank has no physical branches, limiting in-person banking options.
Santander Bank
Strengths
- Santander Bank has physical branches primarily in the Northeast and Miami, offering in-person services.
- The maintenance fee for Santander Savings is only $1 per month.
Potential Drawbacks
- Santander Bank's APY is significantly lower at 0.01% compared to GO2bank.
- Santander Bank requires a minimum deposit of $25 to open a savings account.
→ As of October 21, 2025 GO2bank offers an APY of 4.50% for its High Yield Savings account, with a minimum balance of $0, compared to Santander Bank's 0.01% APY for its Santander Savings account, with a minimum balance of $0.
→ GO2bank yields $224 more than Santander Bank on a $10,000 balance after one year. GO2bank pays $225 (with an effective APY of 2.25%), while Santander Bank pays $1 - an APY advantage for GO2bank.
Calculate Savings Growth for GO2bank vs Santander 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 OverviewSantander Bank - Santander Savings
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, GO2bank's total earnings would be $1,225.2 higher than Santander Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare GO2bank's vs Santander Bank's Savings Accounts
| GO2bank | Santander Bank | ||
|---|---|---|---|
| Product | High Yield Savings | vs | Santander Savings |
| APY | 0.00% - 4.50% (as of 10/21/2025) | 0.01% (as of 10/21/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | No | |
| Compound Frequency | Quarterly | Daily | |
| Minimum Deposit | $0 | $25 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $5 per month, unless you set up direct deposit | $1 | |
| Direct Deposit Required | No | No | |
| Note | The 4.50% APY is up to 5,000. Balances above that earn no interest. | ||
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.6/5 | 4.1/5 | |
| BBB Rating | Not Rated | Not Rated |
Comparative Historical APY Insights (Last 3 Months)
| GO2bank | Santander Bank | ||
|---|---|---|---|
| Product | High Yield Savings | vs | Santander Savings |
| Latest APY | 4.50 % | 0.01 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -1.1 | |
| Rate Changes / Mo | 0.00 | 0.39 | |
| Days Since Last Change | 76 | 32 | |
| High (-3 m) | 4.50 % | 0.03 % | |
| Low (-3 m) | 4.50 % | 0.01 % | |
| Draw-down from High | 0.0 % | -66.7 % | |
| Volatility (CV) | 0.000 | 0.454 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 3 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 (-3 m)
- Highest APY in the last 77 days.
- Low (-3 m)
- Lowest APY in the last 77 days.
- Draw-down from High
- How far today sits below the 3-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.