GO2bank vs. SoFi Bank
GO2bank's High Yield Savings pays 4.50% APY while SoFi Bank's SoFi Savings pays 4.00% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? SoFi Bank pays $130 more than GO2bank annually ($355 vs $225).
Choose GO2bank if you're an Android user. Choose SoFi Bank if getting the best rate matters most, BBB rating matters to you, or you want Zelle for quick transfers.
Important Considerations
Both High Yield Savings and SoFi Savings pay their top rate only if you also open a checking account at the same institution.
| Metric | GO2bankHigh Yield Savings Sep 5, 2026 | SoFi BankSoFi Savings Sep 5, 2026 |
|---|---|---|
| APY | 4.50% | 3.10% - 4.00% |
Earns in a year | $5,000+$225 $10,000+$225 $25,000+$225 | $5,000+$178 $10,000+$355 $25,000+$888 |
Min. Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | A GO2bank checking account is required to open a savings account. The stated APY is up to $5,000. Balances above that earn no interest. | Limited offer: The stated APY includes a temporary 0.70% APY boost for 6 months. It is available with a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with an interest-bearing checking account. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking BundleStable Rate | FDIC InsuredNo MinimumsGreat iOS AppZelle® SupportedDirect Deposit ReqChecking BundleDaily CompoundingRate Changes Often |
Looking for Simplicity?
Don't want a checking bundle? We track many savings and money market accounts that pay competitive rates without checking requirements.
Executive Summary
GO2bank offers a High Yield Savings account with a competitive APY of 4.50%, requiring a GO2bank checking account to open. This account is online-only and provides interest on balances up to $5,000, with no interest earned on amounts above that. In comparison, SoFi Bank's SoFi Savings account features an APY of 4.00%, which includes a temporary 0.70% boost for six months, contingent on direct deposit or qualifying deposits. While SoFi's account has a lower APY, it offers better returns at higher balances, especially at $10,000 and $25,000. Both accounts are available online and nationally.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why GO2bank?
- Higher potential APY (4.50% vs 4.00%) on balances up to $5,000 (requires checking bundle)
- Higher rated Android app (4.4 vs 3.8)
Why SoFi Bank?
- Earn a $50 bonus with $1,000+ in direct deposits, or $300 with $5,000+.
- Fast transfers via Zelle®
Key Feature Differences
Better Returns at $10,000
SoFi BankSoFi Bank's SoFi Savings earns more on smaller deposits (approx. $355 vs $225/yr).
Better Returns at $25,000
SoFi BankSoFi Bank's SoFi Savings pulls ahead with larger amounts (approx. $888 vs $225/yr).
Requires Banking Relationship
High Yield Savings and SoFi Savings both require a checking account bundle to pay their highest rates.
Shared Benefits
Over a 1-year period (factoring in a 6-month promo), SoFi Bank's SoFi Savings pays $130 more interest on a $10,000 balance than GO2bank's High Yield Savings.
*SoFi Bank's calculation includes their 6-month introductory promotional rate and subsequent standard rate.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
GO2bank vs. SoFi Bank Savings Calculator
You earn $95.1 more with GO2bank than SoFi Bank 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.
GO2bank
High Yield Savings
Savings Breakdown
- Interest Earned+$450.00(4.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,450.00
SoFi Bank
SoFi Savings
Savings Breakdown
- Interest Earned+$354.90(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,354.90
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $220 a year in interest.
Both GO2bank and SoFi Bank advertise far more than that typical branch-bank rate.
| Feature | GO2bank | SoFi Bank |
|---|---|---|
| APY | 4.50% Observed: 9/5/2026 Stable over 90 days | 4.00% Range: 3.10% - 4.00% Observed: 9/5/2026 0.20%90-day change |
| Product Name | High Yield Savings | SoFi Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $5 per month, unless you set up direct deposit | $0 |
| Compound Frequency | Quarterly | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | Not reported | 4 (CA, UT) |
| Direct Deposit Req. | None | Required |
| Checking Bundle | Yes | Yes |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Native support added in 2024 for banking members. |
| BBB Rating | F | A+ |
| Important Notes | A GO2bank checking account is required to open a savings account. The stated APY is up to $5,000. Balances above that earn no interest. | Limited offer: The stated APY includes a temporary 0.70% APY boost for 6 months. It is available with a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with an interest-bearing checking account. |
| Next Steps | Visit SiteVerify at GO2bank Non-sponsored link to official site | Visit SiteVerify at SoFi Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | GO2bank | SoFi Bank |
|---|---|---|
| High Yield Savings | SoFi Savings | |
Current APY | 4.50% | 4.00% |
Trend | Stable | Stable |
Speed of change | 0.00 | -0.08 |
Days Since Change | 361 | 1 |
12-Month High | 4.50% | 4.50% |
12-Month Low | 4.50% | 3.80% |
Changes per month | 0.00 | 0.41 |
Steadiness | 0.000 | 0.050 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 362-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
Compare Similar High-Yield Accounts
Compare GO2bank vs...
Comparing against other Bundled Accounts
Compare SoFi Bank vs...
Comparing against other Bundled Accounts
Simpler Options (No Bundles)
Looking for something different? Check out these top-rated alternatives.
More Comparisons
Compare GO2bank's APY of 4.50% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| GO2bank vs Ally Bank | 3.00% | $0 |
| GO2bank vs American Express | 3.00% | $0 |
| GO2bank vs Axos Bank | 4.21% | $0 |
| GO2bank vs Barclays | 3.65% | $0 |
| GO2bank vs Capital One | 3.50% | $0 |
| GO2bank vs Chime | 3.75% | $0 |
| GO2bank vs CIT Bank | 3.75% | $100 |
| GO2bank vs EverBank | 3.90% | $0 |
| GO2bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| GO2bank vs Newtek Bank | 4.20% | $100 |
| GO2bank vs Openbank | 3.80% | $500 |
| GO2bank vs Pibank | 4.10% | $0 |
| GO2bank vs Synchrony Bank | 3.30% | $0 |
| GO2bank vs Varo Bank | 3.75% | $0 |
| GO2bank vs Wealthfront | 3.95% | $0 |