Ally Bank vs. Neighbors Bank

High-Yield Savings Account Comparison

By Aviel Fahl|Last Updated: October 21, 2025

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Summary of Ally Bank vs. Neighbors Bank

Key Metrics at a Glance

Feature	Ally Bank	Neighbors Bank
Top Savings APY	3.40% Savings Account	4.50% Neighbors Savings Account
Minimum to Open	$0	$0
Minimum Balance for Top APY	$0	$0
Note		Balances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY.

Ally Bank

Strengths

Ally Bank has a higher App Store rating of 4.7.
No maintenance fees for the Savings Account.
Ally Bank offers a minimum deposit of $0.

Potential Drawbacks

Ally Bank's current APY is lower at 3.40%, down from 3.50% last month.
Ally Bank has no physical branches.

Neighbors Bank

Strengths

Neighbors Bank offers a higher APY of 4.50%, despite a decrease from 4.60% last month.
Neighbors Bank has one physical branch location.

Potential Drawbacks

Neighbors Bank has a lower App Store rating of 3.3.
Neighbors Bank is not BBB Accredited.

Summary: Ally Bank offers a competitive 3.40% APY with a strong App Store rating, but lacks physical branches. Neighbors Bank provides a higher 4.50% APY and a physical location, though it has a lower App Store rating and is not BBB Accredited. Both banks have no maintenance fees and a $0 minimum deposit requirement.

→ As of October 21, 2025 Ally Bank offers an APY of 3.40% for its Savings Account, with a minimum balance of $0, compared to Neighbors Bank's 4.50% APY for its Neighbors Savings Account, with a minimum balance of $0.

→ Neighbors Bank yields $110 more than Ally Bank on a $10,000 balance after one year. Ally Bank pays $340, while Neighbors Bank pays $450 - an APY advantage for Neighbors Bank.

Explore Ally Bank Explore Neighbors Bank

Calculate Savings Growth for Ally Bank vs Neighbors Bank

All calculations are based on APY.

Initial Deposit

Recurring Deposit

Frequency

Ally Bank - Savings Account

Top APY: 3.40%

Total savings breakdown:

Interest earned: $2,050.5 (10.23%)
Total contributions: $13,000 (64.84%)
Initial deposit: $5,000 (24.94%)

Your total balance

$20,050.50

Effective APY: 3.40% (based on your deposit and contributions)

Total balance: $20,050.5

Earnings: $2,050.5

Bank Overview

Neighbors Bank - Neighbors Savings Account

Top APY: 4.50%

Total savings breakdown:

Interest earned: $2,760.1 (13.30%)
Total contributions: $13,000 (62.62%)
Initial deposit: $5,000 (24.08%)

Your total balance

$20,760.10

Effective APY: 4.50% (based on your deposit and contributions)

Total balance: $20,760.1

Earnings: $2,760.1

Bank Overview

With a $5,000 initial deposit and $13,000 in total contributions over 5 years, Ally Bank's total earnings would be $709.6 lower than Neighbors Bank's total earnings.

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Compare Ally Bank's vs Neighbors Bank's Savings Accounts

	Ally Bank		Neighbors Bank
Product	Savings Account	vs	Neighbors Savings Account
APY	3.40% (as of 10/21/2025)		4.50% (as of 10/21/2025)
Bundled Account	No		No
FDIC-insured	Yes		Yes
Online Only	Yes		No
Compound Frequency	Daily		N/A
Minimum Deposit	$0		$0
Minimum Balance for APY	$0		$0
Maintenance Fee	$0		$0
Direct Deposit Required	No		No
Eligibility	United States		Not available in Delaware.
Note			Balances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY.
App Store Rating	4.7/5		3.3/5
Google Play Rating	4.3/5		4.3/5
BBB Rating	A+		A+

Comparative Historical APY Insights (Last 8 Months)

	Ally Bank		Neighbors Bank
Product	Savings Account	vs	Neighbors Savings Account
Latest APY	3.40 %		4.50 %
Trend	Sideways		Sideways
Slope (bps/mo)	-3.4		-0.9
Rate Changes / Mo	0.38		0.25
Days Since Last Change	25		7
High (-8 m)	3.70 %		4.75 %
Low (-8 m)	3.40 %		4.50 %
Draw-down from High	-8.1 %		-5.3 %
Volatility (CV)	0.024		0.009

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 8 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 (-8 m): Highest APY in the last 237 days.
Low (-8 m): Lowest APY in the last 237 days.
Draw-down from High: How far today sits below the 8-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.

More Comparisons

Compare Ally Bank's APY of 3.40% with other banks

Bank Pair	Competitor APY	Min Deposit
Ally Bank vs American Express	3.50%	$0
Ally Bank vs Axos Bank	4.51%	$0
Ally Bank vs Bank of America	0.01%	$100
Ally Bank vs Barclays	4.10%	$0
Ally Bank vs Bask Bank	4.05%	$0
Ally Bank vs BrioDirect	4.20%	$5,000
Ally Bank vs Capital One	3.40%	$0
Ally Bank vs Chase Bank	0.01%	$0
Ally Bank vs Chime	3.50%	$0
Ally Bank vs CIT Bank	3.85%	$100
Ally Bank vs Citizens Access™	3.50%	$0.01
Ally Bank vs Discover Bank	3.40%	$0
Ally Bank vs Elevault	4.34%	$0
Ally Bank vs EverBank	4.05%	$0
Ally Bank vs Fitness Bank	4.75%	$100
Ally Bank vs FNBO Direct	3.00%	$1
Ally Bank vs FVCbank	4.10%	$500
Ally Bank vs GO2bank	4.50%	$0
Ally Bank vs LendingClub	4.20%	$0
Ally Bank vs Marcus by Goldman Sachs	3.65%	$0
Ally Bank vs Newtek Bank	4.35%	$0
Ally Bank vs Peak Bank	4.20%	$100
Ally Bank vs Pibank	4.60%	$0
Ally Bank vs Presidential Bank	4.50%	$5,000
Ally Bank vs Santander Bank	0.01%	$25
Ally Bank vs SoFi Bank	4.50%	$0
Ally Bank vs Synchrony Bank	3.80%	$0
Ally Bank vs TIMBR	4.40%	$1,000
Ally Bank vs UFB Direct	3.96%	$5000
Ally Bank vs Valley Direct	4.10%	$1,000
Ally Bank vs Varo Bank	5.00%	$0
Ally Bank vs Wells Fargo	0.05%	$25
Ally Bank vs Zynlo Bank	4.20%	$10

Compare Neighbors Bank's APY of 4.50% with other banks

Bank Pair	Competitor APY	Min Deposit
Neighbors Bank vs American Express	3.50%	$0
Neighbors Bank vs Axos Bank	4.51%	$0
Neighbors Bank vs Bank of America	0.01%	$100
Neighbors Bank vs Barclays	4.10%	$0
Neighbors Bank vs Bask Bank	4.05%	$0
Neighbors Bank vs BrioDirect	4.20%	$5,000
Neighbors Bank vs Capital One	3.40%	$0
Neighbors Bank vs Chase Bank	0.01%	$0
Neighbors Bank vs Chime	3.50%	$0
Neighbors Bank vs CIT Bank	3.85%	$100
Neighbors Bank vs Citizens Access™	3.50%	$0.01
Neighbors Bank vs Discover Bank	3.40%	$0
Neighbors Bank vs Elevault	4.34%	$0
Neighbors Bank vs EverBank	4.05%	$0
Neighbors Bank vs Fitness Bank	4.75%	$100
Neighbors Bank vs FNBO Direct	3.00%	$1
Neighbors Bank vs FVCbank	4.10%	$500
Neighbors Bank vs GO2bank	4.50%	$0
Neighbors Bank vs LendingClub	4.20%	$0
Neighbors Bank vs Marcus by Goldman Sachs	3.65%	$0
Neighbors Bank vs Newtek Bank	4.35%	$0
Neighbors Bank vs Peak Bank	4.20%	$100
Neighbors Bank vs Pibank	4.60%	$0
Neighbors Bank vs Presidential Bank	4.50%	$5,000
Neighbors Bank vs Santander Bank	0.01%	$25
Neighbors Bank vs SoFi Bank	4.50%	$0
Neighbors Bank vs Synchrony Bank	3.80%	$0
Neighbors Bank vs TIMBR	4.40%	$1,000
Neighbors Bank vs UFB Direct	3.96%	$5000
Neighbors Bank vs Valley Direct	4.10%	$1,000
Neighbors Bank vs Varo Bank	5.00%	$0
Neighbors Bank vs Wells Fargo	0.05%	$25
Neighbors Bank vs Zynlo Bank	4.20%	$10