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GO2bank Savings Vaults

4.50% APY on up to a $5,000 average daily balance, paid quarterly; $5 monthly fee unless you get direct deposit

Rates verified October 27, 2026
High-Yield Savings
Open account

The Bottom Line

APY
4.50% (verified Oct 27, 2026). All rates and fees

Key facts

  • Min. deposit: None
  • Monthly fee: $5
  • Insurance: FDIC insured

Pros

  • 4.50% APY on an average daily balance up to $5,000, per GO2bank's page
  • GO2bank says there are no fees to create or maintain a savings account
  • Cash deposits at 90,000+ retailers (a service fee of up to $4.95 and limits apply)

Cons

  • The rate applies to an average daily balance up to $5,000
  • Interest is paid quarterly, and GO2bank dates the 4.50% figure December 2024
  • $5 monthly fee on the GO2bank account unless you receive a payroll or government benefits direct deposit each statement period

At a glance

Rates verified October 27, 2026
APY
4.50%
APY note
4.50% APY (4.41% interest rate) on up to a $5,000 average daily balance of all savings during the quarter, paid quarterly, if the account is in good standing; fees on the primary deposit account may reduce earnings. GO2bank's page dates these figures December 2024. The $5 monthly fee on the GO2bank account is waived with a payroll or government benefits direct deposit in the previous monthly statement period.
Minimum deposit
None
Monthly fee
$5
FDIC
Powered by Green Dot Bank, FDIC-insured up to $250,000
Institution
Green Dot Bank (GO2bank brand)
ATM access
Yes

Sources: go2bank.com/features/save-money, go2bank.com, read October 27, 2026

GO2bank Savings Vaults fees

Fee document read October 27, 2026
Monthly maintenance fee
No feeThe monthly fee in At a glance ($5) differs from this fee document; we are checking which one applies to this account.bank document
Paper statements
Not offeredbank document
Inactivity or dormancy
Not disclosed in the fee documentbank document
Outgoing domestic wire
Not disclosed in the fee documentbank document
Outgoing international wire
Not disclosed in the fee documentbank document
Excessive withdrawals (savings)
Not disclosed in the fee documentbank document
Closing the account early
Not disclosed in the fee documentbank document
Stop payment
Not disclosed in the fee documentbank document
Out-of-network ATM (the bank's own fee)
Not disclosed in the fee documentbank document

Read in the bank's own fee documents. “Not disclosed” means the document does not mention the fee, which is not the same as free. See how this account compares in the bank fee dataset.

How this rate compares

11.8x

the FDIC national savings average of 0.38% (October 19, 2026). On a $10,000 balance that is about $412 more in a year.

Last verified October 27, 2026

We re-verify against the issuer's own page when we refresh this listing, and we stamp that date. We do not claim a daily check.

APYs are variable and can change at any time. The FDIC national average is a floor for what an ordinary savings account pays, not a competitor. Named comparisons use each product's last issuer-page check.

Is it worth it?

$450 a year on a $10,000 balance

At 4.50% APY, $10,000 earns about $450 in the first year, versus roughly $38 at the 0.38% FDIC national average (October 19, 2026). That is about $412 more for moving the same money. APY is variable and shown as of the date above.

What is GO2bank Savings Vaults?

Sources read on the date shown
GO2bank's Savings Vaults advertise 4.50% APY, but on an average daily balance of up to $5,000, which makes this a starter emergency fund product and an option for cash-heavy users. The honest verdict: a high stated rate on a small balance, with conditions. GO2bank's page shows 4.50% APY (a 4.41% interest rate) on up to a $5,000 average daily balance of all savings during the quarter, paid quarterly, if the account is in good standing, and says fees on the primary deposit account may reduce earnings. The page dates the figure December 2024, so GO2bank is not stating the rate as of today; we read it on October 14, 2026 and it was still displayed. GO2bank says there are no fees to create or maintain a savings account. The GO2bank account carries a $5 monthly fee, waived when you receive a payroll or government benefits direct deposit in the previous monthly statement period. FDIC insurance runs through Green Dot Bank to $250,000. Access includes cash deposits at 90,000+ retailers (a service fee of up to $4.95 applies), early pay, and a $3 fee at out-of-network ATMs. The catches: the $5,000 average daily balance limit, interest paid quarterly, and the $5 monthly fee if you do not receive a qualifying direct deposit.
Sourcego2bank.com ↗

Key details

4.50% APY on up to a $5,000 average daily balanceCash deposits at 90,000+ retailers (service fee up to $4.95 applies)Early pay$3 fee at out-of-network ATMsInterest paid quarterly

Recent changes to these figures

What changed when we last re-read the GO2bank Savings Vaults page, with the date.

  • Fee schedule stored from the bank's own fee documents read 2026-10-27 (10 of 10 fees read, 2 documents)

Explore more

Best High-Yield Savings

GO2bank Savings Vaults FAQ

What is the current APY on GO2bank Savings Vaults?

4.50% APY (a 4.41% interest rate) on up to a $5,000 average daily balance, paid quarterly, if the account is in good standing, per GO2bank's page, which dates the figure December 2024. Fees on the primary deposit account may reduce earnings.

Is GO2bank FDIC insured?

Yes. GO2bank is powered by Green Dot Bank, and the high-yield savings account is FDIC-insured up to $250,000.

What are the minimums and fees?

There is no minimum deposit. GO2bank says there are no fees to create or maintain a savings account. The GO2bank account has a $5 monthly fee, waived with a payroll or government benefits direct deposit in the previous monthly statement period. Out-of-network ATMs cost $3, and cash deposits at retailers carry a service fee of up to $4.95.

Source: go2bank.com

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