Both American Express High-Yield Savings Account and Marcus by Goldman Sachs High-Yield Savings Account are strong choices. Marcus offers a slightly higher base APY, while American Express provides tiered APYs that can be more beneficial for higher balances. Consider the balance you plan to maintain and your language preference for customer support when making your decision.
| Attribute | American Express High-Yield Savings Account | Marcus by Goldman Sachs High-Yield Savings Account |
|---|---|---|
| Annual Percentage Yield (APY) | 3.50% as of August 14, 2025 (variable). May vary based on balance: Below $250,000 may earn 3.90% APY, at or above $250,000 may earn 4.10% APY. | 3.65% as of August 15, 2025 (variable) |
| Minimum deposit to open | $0 | $0 |
| Monthly fees | $0 (no maintenance or hidden fees) | $0 |
| FDIC Insurance | Yes, up to $250,000 per person, per account ownership category (American Express National Bank, Member FDIC) | Yes, up to $250,000 per depositor, per insured bank, for each account ownership category |
| Compounding frequency | Daily | Daily |
| Online accessibility | Yes | Yes |
| Mobile app availability | Yes | Yes |
| Customer service channels (phone, chat, email) | 24/7 phone support and 24/7 live chat (English only, accessible when logged in) | Phone and chat, available 24/7 |
| Balance tiers for APY | APY can vary based on the balance. Balances below $250,000 may earn 3.90% APY, while balances at or above $250,000 may earn 4.10% APY. | Not specified |
| Withdrawal limits | No withdrawal restrictions | No limit to the number of withdrawals or transfers |
| Linked accounts | Internal transfers between a HYSA Account and a Rewards Checking Account are subject to the following limits: Per Transaction Limit $25,000, Per Day Limit $25,000, Per Rolling 5 Day Period Limit $50,000. Not specified if you can link to checking accounts at other banks. | Up to four external accounts |
| Interest payment frequency | Monthly. Interest is credited to your account on your monthly statement cycle date. | Monthly |