Openbank vs. Wealthfront
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | OpenbankHigh-Yield Savings Account Jan 7, 2026 | WealthfrontCash Account Jan 7, 2026 |
|---|---|---|
| APY | 4.20% | 3.25% - 3.90% |
Est. Earnings | $5,000+$210 $10,000+$420 $25,000+$1,050 | $5,000+$171 $10,000+$341 $25,000+$853 |
Min Deposit | $500 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | 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 3.90% for 3 months, after which the 3.25% APY applies. See terms at Wealthfront. |
| Features | FDIC InsuredLow Minimums | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App |
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 Openbank vs. Wealthfront
As of Openbank offers an APY of 4.20% for its High-Yield Savings Account, with a minimum balance of $0, compared to Wealthfront's 3.90% APY for its Cash Account, with a minimum balance of $0.
Openbank pays $79 more than Wealthfront on a $10,000 balance after one year. Openbank pays $420, while Wealthfront pays $341 (with an effective APY of 3.41%) - an APY advantage for Openbank.
Why Openbank?
- ✓Higher potential APY (4.20% vs 3.90%) on all balances
Why Wealthfront?
- ✓Higher rated iOS app (4.8 vs 3.1)
- ✓Higher rated Android app (4.9 vs 2.9)
— Key Feature Differences —
Better Returns at $10,000
OpenbankOpenbank's High-Yield Savings Account earns more on smaller deposits (approx. $420 vs $341/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1050 vs $853/yr).
Best for Simplicity
OpenbankOpenbank's High-Yield Savings Account offers 4.20% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
WealthfrontWealthfront offers an iOS app rated 4.8 (vs. 3.1) and Android app rated 4.9 (vs. 2.9)
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $79 more interest on a $10,000 balance than Wealthfront's Cash Account.
*This comparison accounts for Wealthfront's introductory promotional rate, yet Openbank's standard rate still yields a higher 1-year return.
Executive Summary as of
Openbank's High-Yield Savings Account stands out with an impressive 4.20% APY, offering better returns on deposits compared to Wealthfront's Cash Account, which has a promotional APY of 3.90% for the first three months, dropping to 3.25% thereafter. Openbank requires a minimum deposit of $500 but has no maintenance fees or direct deposit requirements, making it accessible for savers looking for simplicity. Both accounts are online-only and FDIC-insured, but Openbank's higher APY makes it the preferred choice for those seeking better interest on their savings.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
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Openbank vs. Wealthfront Savings Calculator
You earn $77.5 more with Openbank than Wealthfront on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$420.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,420.00
Wealthfront
Cash Account
Promo Rate: 3.90% for 3 months, then 3.25%.
Savings Breakdown
- Interest Earned+$342.50(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,342.50
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Openbank | Wealthfront |
|---|---|---|
| APY | 4.20% Verified: 1/7/2026 Stable (90d) | 3.90% Range: 3.25% - 3.90% Verified: 1/7/2026 - |
| Product Name | High-Yield Savings Account | Cash Account |
| Minimum Deposit | $500 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS3.1 Android2.9 | iOS4.8 Android4.9 |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | Not Rated | F |
| Important Notes | - | 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 3.90% for 3 months, after which the 3.25% APY applies. See terms at Wealthfront. |
| Next Steps | Visit SiteVerify at Openbank Non-sponsored link to official site | Visit SiteVerify at Wealthfront Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Openbank | Wealthfront |
|---|---|---|
| High-Yield Savings Account | Cash Account | |
Current APY | 4.20% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -19.4 |
Days Since Change | 54 | 19 |
2-Month High | 4.20% | 4.15% |
2-Month Low | 4.20% | 3.90% |
Adjustments / Mo | 0.00 | 0.55 |
Volatility Score | 0.000 | 0.030 |
How to read these metrics(Click to expand)
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