GO2bank vs. Santander Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
GO2bank
High Yield Savings
Up to4.50%APYDec 6, 2025FDIC InsuredChecking BundleNo MinimumsGreat iOS AppGreat Android AppRange: 0.00% – 4.50%Show Fine Print & Trends Hide Details
GO2bank
High Yield Savings
Santander Bank
Santander Savings
0.01%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Santander Bank
Santander Savings
Comparison Analysis
Comparing GO2bank vs. Santander Bank
Why GO2bank?
- ✓Higher potential APY (4.50% vs 0.01%) on all balances
- ✓Higher rated Android app (4.5 vs 4.0)
Why Santander Bank?
- ✓No checking account or direct deposit required
- ✓Physical branch access (Primarily in the Northeast and Miami, Florida)
— 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 Santander Bank's Santander Savings.
Executive Summary
GO2bank offers a High Yield Savings account with an impressive APY of 4.50%, significantly outperforming Santander Bank's savings option, which only provides a mere 0.01% APY. To open the GO2bank savings account, customers must also have a GO2bank checking account, and the high yield applies to balances up to $5,000, with no interest earned on amounts above that. In contrast, Santander Bank's savings account requires a minimum deposit of $25 and has a monthly maintenance fee of $1. Overall, GO2bank presents a far superior savings opportunity for customers.
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 GO2bank and Santander Bank.
| Feature | GO2bank | Santander Bank |
|---|---|---|
| APY | 4.50% 0Verified: 12/6/2025 Stable (90d) | 0.01% Verified: 12/6/2025 ↘︎ 0.02%90d Change |
| Product Name | High Yield Savings | Santander Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $5 per month, unless you set up direct deposit | $1 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | Yes | No |
| Mobile Apps | iOS4.8 Android4.5 | iOS4.8 Android4.0 |
| BBB Rating | Not Rated | 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 |
Savings Comparison
GO2bank earns $1,225.2 more than Santander Bank.
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
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | GO2bank | Santander Bank |
|---|---|---|
| High Yield Savings | Santander Savings | |
Current APY | 4.50% | 0.01% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -0.6 |
Days Since Change | 121 | 78 |
4-Month High | 4.50% | 0.03% |
4-Month Low | 4.50% | 0.01% |
Adjustments / Mo | 0.00 | 0.25 |
Volatility Score | 0.000 | 0.572 |
How to read these metrics(Click to expand)
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