Bank Of America vs Neighbors Bank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of Bank of America vs. Neighbors Bank
As of September 5, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to Neighbors Bank's 4.60% APY for its Neighbors Savings Account, with a minimum balance of $0.
Neighbors Bank yields $459 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Neighbors Bank pays $460 - an APY advantage for Neighbors Bank.
Bank of America
Strengths
- Bank of America has a higher App Store rating of 4.8.
- Bank of America offers multiple account options beyond savings.
Potential Drawbacks
- Bank of America's Advantage Savings has a low APY of 0.01%.
- Bank of America charges an $8 monthly maintenance fee.
Neighbors Bank
Strengths
- Neighbors Bank offers a competitive APY of 4.60% for balances up to $250,000.
- Neighbors Bank has no maintenance fees or minimum balance requirements.
Potential Drawbacks
- Neighbors Bank has a lower App Store rating of 3.3.
- Neighbors Bank is not BBB Accredited despite an A+ rating.
Compare Bank of America's vs Neighbors Bank's Savings Accounts
| Bank of America | Neighbors Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Neighbors Savings Account |
| APY | 0.01% (as of 9/5/2025) | 4.60% (as of 9/5/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | No | |
| Compound Frequency | Monthly | N/A | |
| Minimum Deposit | $100 | $0 | |
| Minimum Balance for APY | N/A | $0 | |
| Maintenance Fee | $8 | $0 | |
| Direct Deposit Required | No | No | |
| Eligibility | United States | Not available in Delaware. | |
| Note | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | Balances up to $250,000 earn 4.60% APY. Anything above will earn 0.05% APY. | |
| App Store Rating | 4.8/5 | 3.3/5 | |
| Google Play Rating | 4.6/5 | 4.3/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 6 Months)
| Bank of America | Neighbors Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Neighbors Savings Account |
| Latest APY | 0.01 % | 4.60 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -1.0 | |
| Rate Changes / Mo | 0.00 | 0.16 | |
| Days Since Last Change | 191 | 177 | |
| High (-6 m) | 0.01 % | 4.75 % | |
| Low (-6 m) | 0.01 % | 4.60 % | |
| Draw-down from High | 0.0 % | -3.2 % | |
| Volatility (CV) | 0.000 | 0.009 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 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 (-6 m)
- Highest APY in the last 191 days.
- Low (-6 m)
- Lowest APY in the last 191 days.
- Draw-down from High
- How far today sits below the 6-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 Bank of America vs Neighbors Bank
Bank of America
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewNeighbors Bank
Total savings breakdown:
- Interest earned: $2,825.8 (13.57%)
- Total contributions: $13,000 (62.42%)
- Initial deposit: $5,000 (24.01%)
Your total balance
$20,825.80
Total balance: $20,825.8
Earnings: $2,825.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,820.1 lower than Neighbors Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.