American Express vs Marcus By Goldman Sachs
High-Yield Savings Accounts Comparison
Last Updated: August 29, 2025
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Summary of American Express vs. Marcus by Goldman Sachs
As of August 29, 2025 American Express offers an APY of 3.50% for its High Yield Savings Account account, compared to Marcus by Goldman Sachs's 3.65% APY for its Marcus Online Savings Account account.
Marcus by Goldman Sachs yields $15 more than American Express on a $10,000 balance after one year. American Express pays $350, while Marcus by Goldman Sachs pays $365 - an APY advantage for Marcus by Goldman Sachs.
American Express
Strengths
- American Express offers a competitive APY of 3.50%.
- No maintenance fees or minimum balance requirements.
- High App Store rating of 4.9.
Potential Drawbacks
- American Express has a BBB rating of F and is not accredited.
- Google Play rating is lower at 3.8.
- No physical branches for in-person service.
Marcus by Goldman Sachs
Strengths
- Marcus by Goldman Sachs has a higher APY of 3.65%.
- BBB rating of A+ indicates strong trustworthiness.
- Google Play rating is better at 4.1.
Potential Drawbacks
- Marcus by Goldman Sachs has no physical branches.
- App Store rating is slightly lower at 4.8.
- No direct deposit requirement may limit some users.
Summary: Marcus by Goldman Sachs offers a higher APY of 3.65% compared to American Express's 3.50%. Additionally, Marcus boasts a superior BBB rating of A+ versus American Express's F. While both banks lack physical branches, American Express has a higher App Store rating, though Marcus leads in Google Play ratings. Both accounts have no maintenance fees or minimum balance requirements.
Compare American Express' vs Marcus by Goldman Sachs' Savings Accounts
| American Express | Marcus by Goldman Sachs | ||
|---|---|---|---|
| Product | High Yield Savings Account | vs | Marcus Online Savings Account |
| APY | 3.50% (as of 8/29/2025) | 3.65% (as of 8/29/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 4.9/5 | 4.8/5 | |
| Google Play Rating | 3.8/5 | 4.1/5 | |
| BBB Rating | F | A+ |
Comparative Historical APY Insights (Last 7 Months)
| American Express | Marcus by Goldman Sachs | ||
|---|---|---|---|
| Product | High Yield Savings Account | vs | Marcus Online Savings Account |
| Latest APY | 3.50 % | 3.65 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.2 | -4.5 | |
| Rate Changes / Mo | 0.42 | 0.28 | |
| Days Since Last Change | 39 | 95 | |
| High (-7 m) | 3.80 % | 3.90 % | |
| Low (-7 m) | 3.50 % | 3.65 % | |
| Draw-down from High | -7.9 % | -6.4 % | |
| Volatility (CV) | 0.025 | 0.027 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-7 m)
- Highest APY in the last 215 days.
- Low (-7 m)
- Lowest APY in the last 215 days.
- Draw-down from High
- How far today sits below the 7-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Calculate Savings Growth for American Express vs Marcus by Goldman Sachs
All calculations are based on APY.
American Express
APY: 3.50%
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewMarcus by Goldman Sachs
APY: 3.65%
Total savings breakdown:
- Interest earned: $2,209.7 (10.93%)
- Total contributions: $13,000 (64.33%)
- Initial deposit: $5,000 (24.74%)
Your total balance
$20,209.70
Effective APY: 3.65% (based on your deposit and contributions)
Total balance: $20,209.7
Earnings: $2,209.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, American Express's total earnings would be $95.6 lower than Marcus by Goldman Sachs's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare American Express' APY of 3.50% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| American Express vs Ally Bank | 3.50% | $0 |
| American Express vs Axos Bank | 4.46% | $0 |
| American Express vs Bank of America | 0.01% | $100 |
| American Express vs Barclays | 4.10% | $0 |
| American Express vs Capital One | 3.50% | $0 |
| American Express vs Chase Bank | 0.01% | $0 |
| American Express vs Chime | 3.75% | $0 |
| American Express vs CIT Bank | 4.00% | $100 |
| American Express vs Discover Bank | 3.50% | $0 |
| American Express vs Fitness Bank | 4.85% | $100 |
| American Express vs Presidential Bank | 4.50% | $5,000 |
| American Express vs SoFi Bank | 3.80% | $0 |
| American Express vs Synchrony Bank | 3.80% | $0 |
| American Express vs UFB Direct | 4.21% | $5000 |
| American Express vs Varo Bank | 5.00% | $0 |
| American Express vs Wells Fargo | 2.51% | $25 |
Compare Marcus by Goldman Sachs' APY of 3.65% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Marcus by Goldman Sachs vs Ally Bank | 3.50% | $0 |
| Marcus by Goldman Sachs vs Axos Bank | 4.46% | $0 |
| Marcus by Goldman Sachs vs Bank of America | 0.01% | $100 |
| Marcus by Goldman Sachs vs Barclays | 4.10% | $0 |
| Marcus by Goldman Sachs vs Capital One | 3.50% | $0 |
| Marcus by Goldman Sachs vs Chase Bank | 0.01% | $0 |
| Marcus by Goldman Sachs vs Chime | 3.75% | $0 |
| Marcus by Goldman Sachs vs CIT Bank | 4.00% | $100 |
| Marcus by Goldman Sachs vs Discover Bank | 3.50% | $0 |
| Marcus by Goldman Sachs vs Fitness Bank | 4.85% | $100 |
| Marcus by Goldman Sachs vs Presidential Bank | 4.50% | $5,000 |
| Marcus by Goldman Sachs vs SoFi Bank | 3.80% | $0 |
| Marcus by Goldman Sachs vs Synchrony Bank | 3.80% | $0 |
| Marcus by Goldman Sachs vs UFB Direct | 4.21% | $5000 |
| Marcus by Goldman Sachs vs Varo Bank | 5.00% | $0 |
| Marcus by Goldman Sachs vs Wells Fargo | 2.51% | $25 |