Openbank vs. Wealthfront
Openbank's High-Yield Savings Account pays 3.80% APY while Wealthfront's Cash Account pays 3.95% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Openbank pays $34 more than Wealthfront annually ($380 vs $346).
Choose Openbank if getting the best rate matters most.
| Metric | OpenbankHigh-Yield Savings Account Sep 4, 2026 | WealthfrontCash Account Sep 4, 2026 |
|---|---|---|
| APY | 3.80% | 3.30% - 3.95% |
Earns in a year | $5,000+$190 $10,000+$380 $25,000+$950 | $5,000+$173 $10,000+$346 $25,000+$866 |
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 the stated APY for 3 months, after which a lower APY applies. See terms at Wealthfront. |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppStable Rate | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily Compounding |
Prefer In-Person Banking?
Both of these institutions are online-only. If you need in-branch access, check out our list of savings accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Openbank vs. Wealthfront
Executive Summary
Wealthfront offers a Cash Account with a competitive APY of 3.95%, making it the higher-yield option compared to Openbank's High-Yield Savings Account, which has an APY of 3.80%. Wealthfront's account includes a promotional APY boost for eligible new clients, providing a one-time increase for the first three months. Both accounts are online-only and do not require a checking account, with no maintenance fees. Openbank's account requires a minimum deposit of $50,000, while Wealthfront has no minimum deposit requirement. Both banks are FDIC-insured and available 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 Openbank?
No distinct advantages found vs Wealthfront.
Why Wealthfront?
- Higher potential APY (3.95% vs 3.80%) for a duration of 3 months
- Higher rated Android app (4.9 vs 4.4)
Key Feature Differences
Better Returns at $10,000
OpenbankOpenbank's High-Yield Savings Account earns more on smaller deposits (approx. $380 vs $346/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $950 vs $866/yr).
Better Mobile App Experience
WealthfrontWealthfront offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.9 (vs. 4.4)
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $34 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.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Openbank vs. Wealthfront Savings Calculator
You earn $32.5 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+$380.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,380.00
Wealthfront
Cash Account
Savings Breakdown
- Interest Earned+$347.50(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,347.50
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 $341 a year in interest.
Both Openbank and Wealthfront advertise far more than that typical branch-bank rate.
| Feature | Openbank | Wealthfront |
|---|---|---|
| APY | 3.80% Observed: 9/4/2026 Stable over 90 days | 3.95% Range: 3.30% - 3.95% Observed: 9/4/2026 0.05%90-day change |
| Product Name | High-Yield Savings Account | Cash Account |
| Minimum Deposit | $500 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Monthly | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | Not reported | Not reported |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | Yes |
| 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 the stated APY for 3 months, after which a lower 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 |
|---|---|
| High-Yield Savings Account | |
Current APY | 3.80% |
Trend | Stable |
Speed of change | -0.04 |
Days Since Change | 93 |
7-Month High | 4.09% |
7-Month Low | 3.80% |
Changes per month | 0.27 |
Steadiness | 0.032 |
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 223-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.
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High Rates (With Checking Bundle)
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