GO2bank vs. Upgrade
Compare rates, requirements, and features side-by-side to find the best option for you.
GO2bank
High Yield Savings
Up to4.50%APYDec 10, 2025FDIC InsuredChecking BundleNo MinimumsGreat iOS AppGreat Android AppRange: 0.00% – 4.50%Show Fine Print & Trends Hide Details
GO2bank
High Yield Savings
Upgrade
Premier Savings
3.05%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Upgrade
Premier 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.
GO2bank vs. Upgrade Savings Calculator
Upgrade earns $598.7 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
Upgrade
Premier Savings
Savings Breakdown
- Interest Earned+$1,829.60(9.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,829.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing GO2bank vs. Upgrade
Why GO2bank?
- ✓Higher potential APY (4.50% vs 3.05%) on balances up to $5,000 (requires checking bundle)
Why Upgrade?
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
UpgradeUpgrade's Premier Savings earns more on smaller deposits (approx. $305 vs $225/yr).
Better Returns at $25,000
UpgradeUpgrade's Premier Savings pulls ahead with larger amounts (approx. $763 vs $225/yr).
Best for Simplicity
UpgradeUpgrade's Premier Savings offers 3.05% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Upgrade's Premier Savings pays $80 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.
Executive Summary
GO2bank offers a High Yield Savings account with a competitive APY of 4.50%, applicable to balances up to $5,000, but requires a GO2bank checking account to open. In contrast, Upgrade's Premier Savings provides an APY of 3.05% with no account bundling or direct deposit requirements, making it a simpler option. While GO2bank's rate is significantly higher, it is capped at $5,000, while Upgrade's account allows for larger deposits starting from $1,000 without any maintenance fees. Both accounts are 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 Upgrade.
| Feature | GO2bank | Upgrade |
|---|---|---|
| APY | 4.50% 0Verified: 12/10/2025 Stable (90d) | 3.05% Verified: 12/10/2025 ↘︎ 0.97%90d Change |
| Product Name | High Yield Savings | Premier Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $1,000 |
| 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 | iOS4.9 Android4.5 |
| BBB Rating | Not Rated | A+ |
| 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 |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | GO2bank | Upgrade |
|---|---|---|
| High Yield Savings | Premier Savings | |
Current APY | 4.50% | 3.05% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -30.7 |
Days Since Change | 127 | 40 |
4-Month High | 4.50% | 4.02% |
4-Month Low | 4.50% | 3.05% |
Adjustments / Mo | 0.00 | 0.47 |
Volatility Score | 0.000 | 0.117 |
How to read these metrics(Click to expand)
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