Go2bank vs Synchrony Bank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of GO2bank vs. Synchrony Bank
As of September 5, 2025 GO2bank offers an APY of 4.50% for its High Yield Savings account, with a minimum balance of $0, compared to Synchrony Bank's 3.80% APY for its High Yield Savings account, with a minimum balance of $0.
GO2bank yields $70 more than Synchrony Bank on a $10,000 balance after one year. GO2bank pays $450, while Synchrony Bank pays $380 - an APY advantage for GO2bank.
GO2bank
Strengths
- GO2bank offers a competitive APY of 4.50%, significantly higher than Synchrony Bank's APY.
- GO2bank has no minimum balance requirement for the High Yield Savings account.
- GO2bank has a higher App Store rating of 4.8 compared to Synchrony Bank's 4.8.
Potential Drawbacks
- GO2bank charges a $5 monthly maintenance fee unless direct deposit is set up.
- GO2bank is not BBB accredited, which may concern some customers.
- GO2bank's APY is only applicable up to $5,000.
Synchrony Bank
Strengths
- Synchrony Bank has no monthly maintenance fees for its High Yield Savings account.
- Synchrony Bank's APY of 3.80% is stable and consistent.
- Synchrony Bank has a Google Play rating of 4.5.
Potential Drawbacks
- Synchrony Bank's APY of 3.80% is lower than GO2bank's 4.50%.
- Synchrony Bank's App Store rating is equal to GO2bank's but lower than its own.
- Synchrony Bank has no direct deposit requirement, which may limit some features.
Summary: GO2bank offers a higher APY of 4.50% for its High Yield Savings account compared to Synchrony Bank's 3.80%. However, GO2bank imposes a $5 monthly maintenance fee unless direct deposit is established, while Synchrony Bank has no fees at all. Both banks have similar App Store ratings, but GO2bank's Google Play rating is slightly better. Customers may prefer Synchrony Bank for fee-free banking despite the lower APY.
Compare GO2bank's vs Synchrony Bank's Savings Accounts
| GO2bank | Synchrony Bank | ||
|---|---|---|---|
| Product | High Yield Savings | vs | High Yield Savings |
| APY | 4.50% (as of 9/5/2025) | 3.80% (as of 9/5/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Quarterly | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $5 per month, unless you set up direct deposit | $0 | |
| 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 | 4.5/5 | |
| BBB Rating | Not Rated | Not Rated |
Comparative Historical APY Insights (Last 1 Month)
| GO2bank | Synchrony Bank | ||
|---|---|---|---|
| Product | High Yield Savings | vs | High Yield Savings |
| Latest APY | 4.50 % | 3.80 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | 0.0 | |
| Rate Changes / Mo | 0.00 | 0.00 | |
| Days Since Last Change | 29 | 29 | |
| High (-1 m) | 4.50 % | 3.80 % | |
| Low (-1 m) | 4.50 % | 3.80 % | |
| Draw-down from High | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.000 | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 1 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 (-1 m)
- Highest APY in the last 30 days.
- Low (-1 m)
- Lowest APY in the last 30 days.
- Draw-down from High
- How far today sits below the 1-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.
Calculate Savings Growth for GO2bank vs Synchrony Bank
All calculations are based on APY.
GO2bank
APY: 4.50%
Total savings breakdown:
- Interest earned: $2,760.1 (13.30%)
- Total contributions: $13,000 (62.62%)
- Initial deposit: $5,000 (24.08%)
Your total balance
$20,760.10
Effective APY: 4.50% (based on your deposit and contributions)
Total balance: $20,760.1
Earnings: $2,760.1
Bank OverviewSynchrony Bank
APY: 3.80%
Total savings breakdown:
- Interest earned: $2,305.9 (11.36%)
- Total contributions: $13,000 (64.02%)
- Initial deposit: $5,000 (24.62%)
Your total balance
$20,305.90
Effective APY: 3.80% (based on your deposit and contributions)
Total balance: $20,305.9
Earnings: $2,305.9
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, GO2bank's total earnings would be $454.2 higher than Synchrony Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare GO2bank's APY of 4.50% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| GO2bank vs Ally Bank | 3.50% | $0 |
| GO2bank vs American Express | 3.50% | $0 |
| GO2bank vs Axos Bank | 4.46% | $0 |
| GO2bank vs Bank of America | 0.01% | $100 |
| GO2bank vs Barclays | 4.10% | $0 |
| GO2bank vs BrioDirect | 4.30% | $5,000 |
| GO2bank vs Capital One | 3.50% | $0 |
| GO2bank vs Chase Bank | 0.01% | $0 |
| GO2bank vs Chime | 3.75% | $0 |
| GO2bank vs CIT Bank | 4.00% | $100 |
| GO2bank vs Discover Bank | 3.50% | $0 |
| GO2bank vs Elevault | 4.60% | $0 |
| GO2bank vs EverBank | 4.30% | $0 |
| GO2bank vs Fitness Bank | 4.75% | $100 |
| GO2bank vs FVCbank | 4.35% | $500 |
| GO2bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| GO2bank vs Neighbors Bank | 4.60% | $0 |
| GO2bank vs Newtek Bank | 4.35% | $0 |
| GO2bank vs Peak Bank | 4.35% | $100 |
| GO2bank vs Pibank | 4.60% | $0 |
| GO2bank vs Presidential Bank | 4.50% | $5,000 |
| GO2bank vs Santander Bank | 0.03% | $25 |
| GO2bank vs SoFi Bank | 3.80% | $0 |
| GO2bank vs TIMBR | 4.40% | $1,000 |
| GO2bank vs UFB Direct | 4.21% | $5000 |
| GO2bank vs Varo Bank | 5.00% | $0 |
| GO2bank vs Wells Fargo | 2.51% | $25 |
| GO2bank vs Zynlo Bank | 4.35% | $10 |