Openbank vs. Wealthfront
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Openbank vs. Wealthfront
Key Metrics at a Glance
| Feature | Openbank | Wealthfront |
|---|---|---|
| Top Savings APY | 4.20% High-Yield Savings Account | 4.15% Cash Account |
| Minimum to Open | $500 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. |
Openbank
Strengths
- Openbank offers a higher APY of 4.20% compared to Wealthfront's initial 4.15%.
- Openbank has no maintenance fees for its High-Yield Savings Account.
- Openbank requires a minimum deposit of only $500.
Potential Drawbacks
- Openbank is not rated by the BBB and is not accredited.
- Openbank has a lower App Store rating of 3.2 versus Wealthfront's 4.8.
- Openbank has a lower Google Play rating of 3.2 compared to Wealthfront's 4.9.
Wealthfront
Strengths
- Wealthfront has an excellent App Store rating of 4.8.
- Wealthfront has a high Google Play rating of 4.9.
- Wealthfront has no minimum deposit requirement for its Cash Account.
Potential Drawbacks
- Wealthfront's APY drops to 3.50% after the initial 3 months.
- Wealthfront has an F rating from the BBB and is not accredited.
- Wealthfront has no high-yield savings account; it offers a Cash Account instead.
→ As of November 12, 2025 Openbank offers an APY of 4.20% for its High-Yield Savings Account, with a minimum balance of $0, compared to Wealthfront's 4.15% APY for its Cash Account, with a minimum balance of $0.
→ Openbank yields $5 more than Wealthfront on a $10,000 balance after one year. Openbank pays $420, while Wealthfront pays $415 - an APY advantage for Openbank.
Calculate Savings Growth for Openbank vs Wealthfront
Openbank - High-Yield Savings Account
Total savings breakdown:
- Interest earned: $2,564.3 (12.47%)
- Total contributions: $13,000 (63.22%)
- Initial deposit: $5,000 (24.31%)
Your total balance
$20,564.30
Total balance: $20,564.3
Earnings: $2,564.3
Bank OverviewWealthfront - Cash Account
Total savings breakdown:
- Interest earned: $2,531.8 (12.33%)
- Total contributions: $13,000 (63.32%)
- Initial deposit: $5,000 (24.35%)
Your total balance
$20,531.80
Total balance: $20,531.8
Earnings: $2,531.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Openbank's total earnings would be $32.5 higher than Wealthfront's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Openbank's vs Wealthfront's Savings Accounts
| Openbank | Wealthfront | ||
|---|---|---|---|
| Product | High-Yield Savings Account | vs | Cash Account |
| APY | 4.20% (as of 11/12/2025) | 3.50% - 4.15% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Monthly | Daily | |
| Minimum Deposit | $500 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Note | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. | ||
| App Store Rating | 3.2/5 | 4.8/5 | |
| Google Play Rating | 3.2/5 | 4.9/5 | |
| BBB Rating | Not Rated | F |
No historical data available.