Chime vs Neighbors Bank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of Chime vs. Neighbors Bank
As of September 5, 2025 Chime offers an APY of 3.75% for its Chime Savings Account, with a minimum balance of $0.01, compared to Neighbors Bank's 4.60% APY for its Neighbors Savings Account, with a minimum balance of $0.
Neighbors Bank yields $85 more than Chime on a $10,000 balance after one year. Chime pays $375, while Neighbors Bank pays $460 - an APY advantage for Neighbors Bank.
Chime
Strengths
- Chime offers a competitive APY of 3.75%, unchanged from 30 days ago.
- Chime has a high App Store rating of 4.8.
- Chime has no maintenance fees or minimum balance requirements.
Potential Drawbacks
- Chime requires a direct deposit of $200 to qualify for the highest APY.
- Chime has no physical branches.
Neighbors Bank
Strengths
- Neighbors Bank offers a higher APY of 4.60%, stable over the past month.
- Neighbors Bank has an A+ BBB rating, indicating strong trustworthiness.
Potential Drawbacks
- Neighbors Bank has a lower App Store rating of 3.3.
- Neighbors Bank has only one physical branch location.
Summary: Chime offers a 3.75% APY but requires a $200 direct deposit, while Neighbors Bank provides a higher 4.60% APY without direct deposit requirements. Chime excels in app ratings and has no branches, whereas Neighbors Bank boasts an A+ BBB rating but has limited physical presence and a lower app rating.
Compare Chime's vs Neighbors Bank's Savings Accounts
| Chime | Neighbors Bank | ||
|---|---|---|---|
| Product | Chime Savings Account | vs | Neighbors Savings Account |
| APY | 1.25% - 3.75% (as of 9/5/2025) | 4.60% (as of 9/5/2025) | |
| Bundled Account | Yes | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | No | |
| Compound Frequency | Daily | N/A | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0.01 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | Yes. You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days | No | |
| Eligibility | United States | Not available in Delaware. | |
| Note | Chime® is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. To open a savings account you must first open a checking account. To qualify for Chime+ with the 3.75% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.25%. | 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 | 4.7/5 | 4.3/5 | |
| BBB Rating | A- | A+ |
Comparative Historical APY Insights (Last 6 Months)
| Chime | Neighbors Bank | ||
|---|---|---|---|
| Product | Chime Savings Account | vs | Neighbors Savings Account |
| Latest APY | 3.75 % | 4.60 % | |
| Trend | Rising | Sideways | |
| Slope (bps/mo) | 22.6 | -0.9 | |
| Rate Changes / Mo | 0.16 | 0.16 | |
| Days Since Last Change | 158 | 177 | |
| High (-6 m) | 3.75 % | 4.75 % | |
| Low (-6 m) | 2.00 % | 4.60 % | |
| Draw-down from High | 0.0 % | -3.2 % | |
| Volatility (CV) | 0.189 | 0.008 |
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 Chime vs Neighbors Bank
All calculations are based on APY.
Chime
APY: 3.75%
Total savings breakdown:
- Interest earned: $2,273.8 (11.22%)
- Total contributions: $13,000 (64.12%)
- Initial deposit: $5,000 (24.66%)
Your total balance
$20,273.80
Effective APY: 3.75% (based on your deposit and contributions)
Total balance: $20,273.8
Earnings: $2,273.8
Bank OverviewNeighbors Bank
APY: 4.60%
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
Effective APY: 4.60% (based on your deposit and contributions)
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, Chime's total earnings would be $552 lower than Neighbors Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Chime's APY of 3.75% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Chime vs Ally Bank | 3.50% | $0 |
| Chime vs American Express | 3.50% | $0 |
| Chime vs Axos Bank | 4.46% | $0 |
| Chime vs Bank of America | 0.01% | $100 |
| Chime vs Barclays | 4.10% | $0 |
| Chime vs BrioDirect | 4.30% | $5,000 |
| Chime vs Capital One | 3.50% | $0 |
| Chime vs Chase Bank | 0.01% | $0 |
| Chime vs CIT Bank | 4.00% | $100 |
| Chime vs Discover Bank | 3.50% | $0 |
| Chime vs Elevault | 4.60% | $0 |
| Chime vs EverBank | 4.30% | $0 |
| Chime vs Fitness Bank | 4.75% | $100 |
| Chime vs FVCbank | 4.35% | $500 |
| Chime vs GO2bank | 4.50% | $0 |
| Chime vs Marcus by Goldman Sachs | 3.65% | $0 |
| Chime vs Newtek Bank | 4.35% | $0 |
| Chime vs Peak Bank | 4.35% | $100 |
| Chime vs Pibank | 4.60% | $0 |
| Chime vs Presidential Bank | 4.50% | $5,000 |
| Chime vs Santander Bank | 0.03% | $25 |
| Chime vs SoFi Bank | 3.80% | $0 |
| Chime vs Synchrony Bank | 3.80% | $0 |
| Chime vs TIMBR | 4.40% | $1,000 |
| Chime vs UFB Direct | 4.21% | $5000 |
| Chime vs Varo Bank | 5.00% | $0 |
| Chime vs Wells Fargo | 2.51% | $25 |
| Chime vs Zynlo Bank | 4.35% | $10 |