GO2bank vs. Synchrony 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
Synchrony Bank
High Yield Savings
3.65%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Synchrony Bank
High Yield Savings
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.
Comparison Analysis
Comparing GO2bank vs. Synchrony Bank
Why GO2bank?
- ✓Higher potential APY (4.50% vs 3.65%) on balances up to $5,000 (requires checking bundle)
Why Synchrony Bank?
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
Synchrony BankSynchrony Bank's High Yield Savings earns more on smaller deposits (approx. $365 vs $225/yr).
Better Returns at $25,000
Synchrony BankSynchrony Bank's High Yield Savings pulls ahead with larger amounts (approx. $913 vs $225/yr).
Best for Simplicity
Synchrony BankSynchrony Bank's High Yield Savings offers 3.65% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Synchrony Bank's High Yield Savings pays $140 more interest on a $10,000 balance than GO2bank's High Yield Savings.
Executive Summary
GO2bank offers a High Yield Savings account with an attractive 4.50% APY, but it requires a GO2bank checking account to open and has a cap of $5,000 for earning interest. In contrast, Synchrony Bank provides a High Yield Savings account with a 3.65% APY, which is available without any checking account requirement, maintenance fees, or caps on deposits. While Synchrony Bank's rates are lower, they are straightforward and beneficial for larger balances, with better returns at $10,000 and $25,000. Both banks operate online only.
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 Synchrony Bank.
| Feature | GO2bank | Synchrony Bank |
|---|---|---|
| APY | 4.50% 0Verified: 12/6/2025 Stable (90d) | 3.65% Verified: 12/6/2025 ↘︎ 0.15%90d Change |
| Product Name | High Yield Savings | High Yield Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $5 per month, unless you set up direct deposit | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | Yes | No |
| Mobile Apps | iOS4.8 Android4.5 | iOS4.8 Android4.5 |
| 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
Synchrony Bank earns $978.8 more than GO2bank.
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
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$2,209.70(10.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,209.70
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 | Synchrony Bank |
|---|---|---|
| High Yield Savings | High Yield Savings | |
Current APY | 4.50% | 3.65% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -3.2 |
Days Since Change | 121 | 18 |
4-Month High | 4.50% | 3.80% |
4-Month Low | 4.50% | 3.65% |
Adjustments / Mo | 0.00 | 0.25 |
Volatility Score | 0.000 | 0.016 |
How to read these metrics(Click to expand)
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