Marcus By Goldman Sachs High Yield Savings Account vs Fidelity Cash Management Account

Marcus by Goldman Sachs High Yield Savings Account wins — Marcus by Goldman Sachs leads with a higher 4

Scores: Marcus By Goldman Sachs High Yield Savings Account 8.2/10 · Fidelity Cash Management Account 7.8/10

Marcus by Goldman Sachs leads with a higher 4.10% APY and zero-friction setup according to Bankrate and NerdWallet comparisons. Fidelity Cash Management wins on usability with its debit card and bill pay features as noted in Fidelity documentation and Consumer Reports. This is a close call for savers prioritizing yield versus those needing transactional access.

Spec-by-spec comparison

Marcus By Goldman Sachs High Yield Savings AccountFidelity Cash Management Account
APY4.10%3.95%
Minimum to Open$0$0
Monthly Fees$0$0
FDIC InsuranceUp to $250,000Up to $250,000 via sweep

Marcus By Goldman Sachs High Yield Savings Account

What works

  • No minimum balance or fees
  • Competitive APY with daily compounding
  • Easy transfers via ACH to external banks

What doesn't

  • No debit card or check writing
  • Limited customer service hours

Fidelity Cash Management Account

What works

  • Debit card with ATM fee reimbursement
  • Integrated with Fidelity brokerage and investing
  • Check writing and bill pay features

What doesn't

  • Slightly lower yield than top savings accounts
  • Requires Fidelity account setup

Bottom line

Our pick: Marcus By Goldman Sachs High Yield Savings Account. It edges out the alternative on no minimum balance or fees. That said, Fidelity Cash Management Account still wins on debit card with atm fee reimbursement — consider it if that single trade matters most for your use.

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