American Express vs. GO2bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | American ExpressHigh Yield Savings Account Jan 21, 2026 | GO2bankHigh Yield Savings Jan 21, 2026 |
|---|---|---|
| APY | 3.30% | 0.00% - 4.50% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$225 $10,000+$225 $25,000+$225 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | 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. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking Bundle |
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
As of American Express offers an APY of 3.30% for its High Yield Savings Account, with a minimum balance of $0, compared to GO2bank's 4.50% APY for its High Yield Savings account, with a minimum balance of $0.
American Express pays $105 more than GO2bank on a $10,000 balance after one year. American Express pays $330, while GO2bank pays $225 (with an effective APY of 2.25%) - an APY advantage for American Express.
Why American Express?
- ✓No checking account or direct deposit required
- ✓Fast transfers via Zelle®
Why GO2bank?
- ✓Higher potential APY (4.50% vs 3.30%) 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. $330 vs $225/yr).
Better Returns at $25,000
American ExpressAmerican Express's High Yield Savings Account pulls ahead with larger amounts (approx. $825 vs $225/yr).
Best for Simplicity
American ExpressAmerican Express's High Yield Savings Account offers 3.30% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, American Express's High Yield Savings Account pays $105 more interest on a $10,000 balance than GO2bank's High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
GO2bank offers a High Yield Savings account with a competitive 4.50% APY, which is significantly higher than American Express's High Yield Savings Account at 3.30%. However, to open a GO2bank savings account, a checking account is required, and the high APY applies only to balances up to $5,000, with amounts above that earning no interest. In contrast, American Express's account has no such restrictions and provides a straightforward option with no maintenance fees or direct deposit requirements, making it a solid alternative for savers seeking simplicity.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
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Top Market Contenders
American Express vs. GO2bank Savings Calculator
You earn $105 more with American Express than GO2bank 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.
American Express
High Yield Savings Account
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
GO2bank
High Yield Savings
4.50% on first $5,000 and 0.00% thereafter.
Savings Breakdown
- Interest Earned+$225.00(2.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,225.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | American Express | GO2bank |
|---|---|---|
| APY | 3.30% Verified: 1/21/2026 ↘︎ 0.20%90d Change | 4.50% 0Verified: 1/21/2026 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 |
| Zelle® Support | Available Requires Amex Rewards Checking; not available for standalone HYSA. | Not Supported |
| 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 | Visit SiteVerify at American Express Non-sponsored link to official site | Visit SiteVerify at GO2bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | GO2bank |
|---|---|---|
| High Yield Savings Account | High Yield Savings | |
Current APY | 3.30% | 4.50% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.9 | 0.0 |
Days Since Change | 22 | 167 |
6-Month High | 3.50% | 4.50% |
6-Month Low | 3.30% | 4.50% |
Adjustments / Mo | 0.36 | 0.00 |
Volatility Score | 0.022 | 0.000 |
How to read these metrics(Click to expand)
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