American Express vs. Neighbors Bank
Comparing American Express and Neighbors Bank for high-yield savings: American Express's High Yield Savings Account pays 3.30% APY while Neighbors Bank's Neighbors Savings Account pays 4.20% APY.
Note: Neighbors Bank caps its top rate at $250,000.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Neighbors Bank pays $90 more than American Express annually ($420 vs $330).
Choose American Express if you want a no-strings-attached account, or you want Zelle for quick transfers. Choose Neighbors Bank if getting the best rate matters most, BBB rating matters to you, or you value in-person banking.
| Metric | American ExpressHigh Yield Savings Account Mar 7, 2026 | Neighbors BankNeighbors Savings Account Mar 7, 2026 |
|---|---|---|
| APY | 3.30% | 4.20% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | Balances up to $250,000 earn 4.20% APY. Anything above will earn 0.05% APY. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat Android AppIn-Person AccessRate Changes Often |
Comparison Analysis
Comparing American Express vs. Neighbors Bank
Executive Summary
Neighbors Bank offers a more competitive savings option with its Neighbors Savings Account, providing a 4.20% APY, which is significantly higher than American Express's High Yield Savings Account at 3.30% APY. The Neighbors Savings Account allows balances up to $250,000 to earn the higher rate, while amounts above that earn only 0.05% APY. Both accounts require no minimum deposit, have no maintenance fees, and do not mandate direct deposit. However, the Neighbors Savings Account is not available in Delaware, whereas American Express operates online only without branch access.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why American Express?
- ✓No checking account or direct deposit required
- ✓Higher rated iOS app (4.9 vs 3.3)
- ✓Fast transfers via Zelle®
- ✓Available Nationwide
Why Neighbors Bank?
- ✓Higher potential APY (4.20% vs 3.30%) on all balances
- ✓Physical branch access (One location in Columbia, Missouri)
- ✓Higher rated Android app (4.4 vs 3.6)
— Key Feature Differences —
Better Returns at $10,000
Neighbors BankNeighbors Bank's Neighbors Savings Account earns more on smaller deposits (approx. $420 vs $330/yr).
Better Returns at $25,000
Neighbors BankNeighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1050 vs $825/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, Neighbors Bank's Neighbors Savings Account pays $90 more interest on a $10,000 balance than American Express's High Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
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American Express vs. Neighbors Bank Savings Calculator
You earn $90 more with Neighbors Bank than American Express 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
Neighbors Bank
Neighbors Savings Account
4.20% on first $250,000 and 0.05% thereafter.
Savings Breakdown
- Interest Earned+$420.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,420.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $329 per year in interest.
Both American Express and Neighbors Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | American Express | Neighbors Bank |
|---|---|---|
| APY | 3.30% Verified: 3/7/2026 ↘︎ 0.10%90d Change | 4.20% Verified: 3/7/2026 ↘︎ 0.30%90d Change |
| Product Name | High Yield Savings Account | Neighbors Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | N/A |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | None | One location in Columbia, Missouri |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Requires Amex Rewards Checking; not available for standalone HYSA. | Not Supported |
| BBB Rating | F | A+ |
| Important Notes | - | Balances up to $250,000 earn 4.20% APY. Anything above will earn 0.05% APY. |
| Next Steps | Visit SiteVerify at American Express Non-sponsored link to official site | Visit SiteVerify at Neighbors Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | Neighbors Bank |
|---|---|---|
| High Yield Savings Account | Neighbors Savings Account | |
Current APY | 3.30% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.6 | -3.9 |
Days Since Change | 67 | 51 |
12-Month High | 3.70% | 4.75% |
12-Month Low | 3.30% | 4.20% |
Adjustments / Mo | 0.33 | 0.33 |
Volatility Score | 0.038 | 0.036 |
How to read these metrics(Click to expand)
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More Comparisons
Compare American Express' APY of 3.30% with other banks
Compare Neighbors Bank's APY of 4.20% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Neighbors Bank vs Ally Bank | 3.20% | $0 |
| Neighbors Bank vs Axos Bank | 4.21% | $0 |
| Neighbors Bank vs Bank of America | 0.01% | $100 |
| Neighbors Bank vs Barclays | 3.85% | $0 |
| Neighbors Bank vs Capital One | 3.30% | $0 |
| Neighbors Bank vs Chase Bank | 0.01% | $0 |
| Neighbors Bank vs Chime | 3.00% | $0 |
| Neighbors Bank vs CIT Bank | 3.75% | $100 |
| Neighbors Bank vs Citibank | 3.20% | $0 |
| Neighbors Bank vs Discover Bank | 3.30% | $0 |
| Neighbors Bank vs EverBank | 3.90% | $0 |
| Neighbors Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Neighbors Bank vs Newtek Bank | 4.20% | $0.01 |
| Neighbors Bank vs Openbank | 4.09% | $500 |
| Neighbors Bank vs Pibank | 4.60% | $0 |
| Neighbors Bank vs SoFi Bank | 4.00% | $0 |
| Neighbors Bank vs Synchrony Bank | 3.50% | $0 |
| Neighbors Bank vs Varo Bank | 5.00% | $0 |
| Neighbors Bank vs Wealthfront | 4.20% | $0 |
| Neighbors Bank vs Wells Fargo | 0.05% | $25 |