Bank Of America vs. Neighbors Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of Bank of America vs. Neighbors Bank
Key Metrics at a Glance
| Feature | Bank of America | Neighbors Bank |
|---|---|---|
| Top Savings APY | 0.01% Advantage Savings | 4.50% Neighbors Savings Account |
| Minimum to Open | $100 | $0 |
| Minimum Balance for Top APY | $0 | |
| 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 4.50% APY. Anything above will earn 0.05% APY. |
Bank of America
Strengths
- Bank of America has a higher App Store rating at 4.8.
- Bank of America offers a widely recognized A+ BBB rating.
Potential Drawbacks
- Bank of America's Advantage Savings has a very low APY of 0.01%.
- Bank of America charges an $8 maintenance fee unless conditions are met.
Neighbors Bank
Strengths
- Neighbors Bank offers a competitive APY of 4.50% for balances up to $250,000.
- Neighbors Bank has no maintenance fees or minimum balance requirements.
Potential Drawbacks
- Neighbors Bank's App Store rating is lower at 3.3.
- Neighbors Bank is not BBB Accredited despite having an A+ rating.
→ As of October 21, 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 4.50% APY for its Neighbors Savings Account, with a minimum balance of $0.
→ Neighbors Bank yields $449 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Neighbors Bank pays $450 - an APY advantage for Neighbors Bank.
Calculate Savings Growth for Bank of America vs Neighbors Bank
Bank of America - Advantage Savings
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 - Neighbors Savings Account
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
Total balance: $20,760.1
Earnings: $2,760.1
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,754.4 lower than Neighbors Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
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 10/21/2025) | 4.50% (as of 10/21/2025) | |
| 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 4.50% 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 8 Months)
| Bank of America | Neighbors Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Neighbors Savings Account |
| Latest APY | 0.01 % | 4.50 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -0.9 | |
| Rate Changes / Mo | 0.00 | 0.25 | |
| Days Since Last Change | 236 | 7 | |
| High (-8 m) | 0.01 % | 4.75 % | |
| Low (-8 m) | 0.01 % | 4.50 % | |
| Draw-down from High | 0.0 % | -5.3 % | |
| Volatility (CV) | 0.000 | 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.