GO2bank vs. Wells Fargo
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
Wells Fargo
Platinum Savings
0.05%APYDec 6, 2025FDIC InsuredHigh MinimumChecking BundleGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Wells Fargo
Platinum Savings
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Comparison Analysis
Comparing GO2bank vs. Wells Fargo
Why GO2bank?
- ✓Higher potential APY (4.50% vs 0.01%-0.05%) on all balances
Why Wells Fargo?
- ✓Physical branch access (Wells Fargo offers branches and ATMs in 36 states and Washington, D.C.)
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
GO2bankGO2bank's High Yield Savings earns more on smaller deposits (approx. $225 vs $5/yr).
Better Returns at $25,000
GO2bankGO2bank's High Yield Savings pulls ahead with larger amounts (approx. $225 vs $13/yr).
Requires Banking Relationship
Both banks require a checking account bundle to access their highest rates.
Shared Benefits
Over a 1-year period, GO2bank's High Yield Savings pays $220 more interest on a $10,000 balance than Wells Fargo's Platinum Savings.
Executive Summary
GO2bank offers a High Yield Savings account with an impressive APY of 4.50%, applicable to balances up to $5,000, making it a strong choice for savers looking to maximize their returns. In contrast, Wells Fargo's savings options, including the Way2Save Savings account and the Platinum Savings account, yield significantly lower rates of 0.01% and 0.05%, respectively. While both banks do not require direct deposit, GO2bank requires a checking account to open its savings account, and it operates online only. For those seeking higher interest rates, GO2bank clearly stands out.
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 Wells Fargo.
| Feature | GO2bank | Wells Fargo |
|---|---|---|
| APY | 4.50% 0Verified: 12/6/2025 Stable (90d) | 0.05% Range: 0.05% - 0.05% Verified: 12/6/2025 ↘︎ 2.46%90d Change |
| Product Name | High Yield Savings | Platinum Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0 | $1,000,000 |
| Monthly Fee | $5 per month, unless you set up direct deposit | $12. Waived with $3,500 minimum daily balance. |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | Yes | Yes |
| Mobile Apps | iOS4.8 Android4.5 | iOS4.9 Android4.8 |
| BBB Rating | Not Rated | D- |
| 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. | This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. |
| Next Steps |
Savings Comparison
GO2bank earns $1,202.3 more than Wells Fargo.
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
Wells Fargo
Platinum Savings
Higher APY requires $1,000,000
Savings Breakdown
- Interest Earned+$28.60(0.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,028.60
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 | Wells Fargo | |
|---|---|---|---|
| High Yield Savings | Platinum Savings | Way2Save Savings | |
Current APY | 4.50% | 0.05% | 0.01% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -89.0 | -0.0 |
Days Since Change | 121 | 50 | 121 |
4-Month High | 4.50% | 2.51% | 0.01% |
4-Month Low | 4.50% | 0.05% | 0.01% |
Adjustments / Mo | 0.00 | 0.74 | 0.00 |
Volatility Score | 0.000 | 0.981 | 0.000 |
How to read these metrics(Click to expand)
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