American Express vs. GO2bank
Compare rates, requirements, and features side-by-side to find the best option for you.
American Express
High Yield Savings Account
3.40%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppShow Fine Print & Trends Hide Details
American Express
High Yield Savings Account
GO2bank
High Yield Savings
Up to4.50%APYDec 6, 2025FDIC InsuredChecking BundleNo MinimumsGreat iOS AppGreat Android AppRange: 0.00% – 4.50%Show Fine Print & Trends Hide Details
GO2bank
High Yield Savings
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 American Express vs. GO2bank
Why American Express?
- ✓No checking account or direct deposit required
Why GO2bank?
- ✓Higher potential APY (4.50% vs 3.40%) on balances up to $5,000 (requires checking bundle)
- ✓Higher rated Android app (4.5 vs 3.6)
— Key Feature Differences —
Better Returns at $10,000
American ExpressAmerican Express's High Yield Savings Account earns more on smaller deposits (approx. $340 vs $225/yr).
Better Returns at $25,000
American ExpressAmerican Express's High Yield Savings Account pulls ahead with larger amounts (approx. $850 vs $225/yr).
Best for Simplicity
American ExpressAmerican Express's High Yield Savings Account offers 3.40% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
American ExpressAmerican Express offers an iOS app rated 4.9 (vs. 4.8) and Android app rated 3.6 (vs. 4.5)
Shared Benefits
Over a 1-year period, American Express's High Yield Savings Account pays $115 more interest on a $10,000 balance than GO2bank's High Yield Savings.
Executive Summary
GO2bank's High Yield Savings offers a competitive 4.50% APY, significantly higher than American Express's High Yield Savings Account, which earns 3.40% APY. However, to access GO2bank's savings account, a GO2bank checking account is required, and the high yield applies only to balances up to $5,000, with higher amounts earning no interest. In contrast, American Express's account has no such restrictions and offers simplicity with no minimum deposit or maintenance fees. Both accounts are online-only and provide FDIC insurance, making them solid options for savers.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both American Express and GO2bank.
| Feature | American Express | GO2bank |
|---|---|---|
| APY | 3.40% Verified: 12/6/2025 ↘︎ 0.10%90d Change | 4.50% 0Verified: 12/6/2025 Stable (90d) |
| Product Name | High Yield Savings Account | High Yield Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $5 per month, unless you set up direct deposit |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.9 Android3.6 | iOS4.8 Android4.5 |
| BBB Rating | F | Not Rated |
| Important Notes | - | A GO2bank checking account is required to open a savings account. The 4.50% APY is up to $5,000. Balances above that earn no interest. |
| Next Steps |
Savings Comparison
American Express earns $819.6 more than GO2bank.
American Express
High Yield Savings Account
Savings Breakdown
- Interest Earned+$2,050.50(10.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,050.50
GO2bank
High Yield Savings
4.50% on first $5,000 and 0.00% thereafter.
Savings Breakdown
- Interest Earned+$1,230.90(6.4%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,230.90
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | GO2bank |
|---|---|---|
| High Yield Savings Account | High Yield Savings | |
Current APY | 3.40% | 4.50% |
Trend | Stable | Stable |
Velocity (bps/mo) | -1.3 | 0.0 |
Days Since Change | 10 | 121 |
4-Month High | 3.50% | 4.50% |
4-Month Low | 3.40% | 4.50% |
Adjustments / Mo | 0.25 | 0.00 |
Volatility Score | 0.009 | 0.000 |
How to read these metrics(Click to expand)
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