Chime vs. Neighbors Bank
Comparing Chime and Neighbors Bank for high-yield savings: Chime's Chime High-Yield Savings Account pays 3.00% APY while Neighbors Bank's Neighbors Savings Account pays 4.20% APY.
Note: Chime requires a checking account, while 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 $120 more than Chime annually ($420 vs $300).
Choose Chime if you're an iPhone user. Choose Neighbors Bank if getting the best rate matters most, or you value in-person banking.
Important Considerations
Chime requires a checking account to unlock its top savings rate, while Neighbors Bank offers its savings account standalone.
| Metric | ChimeChime High-Yield Savings Account Apr 21, 2026 | Neighbors BankNeighbors Savings Account Apr 21, 2026 |
|---|---|---|
| APY | 0.75% - 3.00% | 4.20% |
Est. Earnings | $5,000+$150 $10,000+$300 $25,000+$750 | $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 AppGreat Android AppDirect Deposit ReqChecking BundleDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat Android AppIn-Person AccessRate Changes Often |
Comparison Analysis
Comparing Chime vs. Neighbors Bank
Executive Summary
Neighbors Bank offers a competitive Neighbors Savings Account with an APY of 4.20%, making it the higher-yielding option compared to Chime's High-Yield Savings Account, which has an APY of 3.00%. While Neighbors Bank's account has a cap of 4.20% for balances up to $250,000, any amount above that earns a lower rate of 0.05%. Notably, Chime's account requires a qualifying direct deposit of $200 or more within the preceding 34 days and is available online only, whereas Neighbors Bank does not have such a requirement and is not available in Delaware. Both accounts have no maintenance fees and allow for a minimum deposit of $0.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Chime?
- ✓Higher rated iOS app (4.8 vs 3.3)
- ✓Higher rated Android app (4.7 vs 4.4)
- ✓Available Nationwide
Why Neighbors Bank?
- ✓Higher potential APY (4.20% vs 3.00%) on all balances
- ✓No checking account or direct deposit required
- ✓Physical branch access (One location in Columbia, Missouri)
— Key Feature Differences —
Better Returns at $10,000
Neighbors BankNeighbors Bank's Neighbors Savings Account earns more on smaller deposits (approx. $420 vs $300/yr).
Better Returns at $25,000
Neighbors BankNeighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1050 vs $750/yr).
Best Mobile App Experience
ChimeChime offers an iOS app rated 4.8 (vs. 3.3) and Android app rated 4.7 (vs. 4.4)
Shared Benefits
Over a 1-year period, Neighbors Bank's Neighbors Savings Account pays $120 more interest on a $10,000 balance than Chime's Chime 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
Top Market Contenders
Chime vs. Neighbors Bank Savings Calculator
You earn $120 more with Neighbors Bank than Chime 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.
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
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 $299 per year in interest.
Both Chime and Neighbors Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Chime | Neighbors Bank |
|---|---|---|
| APY | 3.00% Range: 0.75% - 3.00% Verified: 4/21/2026 ↘︎ 0.50%90d Change | 4.20% Verified: 4/21/2026 Stable (90d) |
| Product Name | Chime High-Yield Savings Account | Neighbors Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | N/A |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | N/A | One location in Columbia, Missouri |
| Direct Deposit Req. | RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC Insured | Yes | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | - | Balances up to $250,000 earn 4.20% APY. Anything above will earn 0.05% APY. |
| Next Steps | Visit SiteVerify at Chime 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 | Chime | Neighbors Bank |
|---|---|---|
| Chime High-Yield Savings Account | Neighbors Savings Account | |
Current APY | 3.00% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -7.4 | -4.6 |
Days Since Change | 81 | 96 |
12-Month High | 3.75% | 4.60% |
12-Month Low | 3.00% | 4.20% |
Adjustments / Mo | 0.16 | 0.25 |
Volatility Score | 0.084 | 0.039 |
How to read these metrics(Click to expand)
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Compare Chime's APY of 3.00% 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 | 3.10% | $0 |
| Neighbors Bank vs American Express | 3.20% | $0 |
| Neighbors Bank vs Axos Bank | 4.21% | $0 |
| Neighbors Bank vs Barclays | 3.75% | $0 |
| Neighbors Bank vs Capital One | 3.20% | $0 |
| Neighbors Bank vs CIT Bank | 3.75% | $100 |
| Neighbors Bank vs Discover Bank | 3.30% | $0 |
| Neighbors Bank vs EverBank | 3.90% | $0 |
| Neighbors Bank vs Marcus by Goldman Sachs | 3.50% | $0 |
| Neighbors Bank vs Newtek Bank | 4.20% | $0.01 |
| Neighbors Bank vs Openbank | 4.00% | $500 |
| Neighbors Bank vs Pibank | 4.40% | $0 |
| Neighbors Bank vs SoFi Bank | 4.00% | $0 |
| Neighbors Bank vs Synchrony Bank | 3.40% | $0 |
| Neighbors Bank vs Varo Bank | 5.00% | $0 |
| Neighbors Bank vs Wealthfront | 4.20% | $0 |