Citibank vs. Neighbors Bank
Comparing Citibank and Neighbors Bank for high-yield savings: Citibank's Citi Accelerate Savings pays 3.20% 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 $100 more than Citibank annually ($420 vs $320).
Choose Citibank if you want a no-strings-attached account, you're an iPhone user, 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.
Important Considerations
Citibank's Accelerate Savings is only available in select states where Citi has no branch presence. Check eligibility before applying.
| Metric | CitibankCiti Accelerate Savings Feb 21, 2026 | Neighbors BankNeighbors Savings Account Feb 21, 2026 |
|---|---|---|
| APY | 3.20% | 4.20% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | Eligibility restricted to select states. | Balances up to $250,000 earn 4.20% APY. Anything above will earn 0.05% APY. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat Android AppIn-Person AccessRate Changes Often |
Comparison Analysis
Comparing Citibank vs. Neighbors Bank
Executive Summary
Neighbors Bank offers a superior savings option with its Neighbors Savings Account, boasting a 4.20% APY, significantly higher than Citibank's Citi Accelerate Savings at 3.20% APY. While both accounts have no minimum deposit requirements and do not mandate direct deposits, Citibank's account is restricted to select states, whereas Neighbors Bank is not available in Delaware. Additionally, Neighbors Bank's account allows for balances up to $250,000 to earn the higher rate, with amounts above that earning 0.05% APY. For those seeking a simpler option, Citibank's account remains a viable alternative.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Citibank?
- ✓No checking account or direct deposit required
- ✓Higher rated iOS app (4.9 vs 3.3)
- ✓Higher rated Android app (4.8 vs 4.4)
- ✓Fast transfers via Zelle® (up to $2,500 a day)
Why Neighbors Bank?
- ✓Higher potential APY (4.20% vs 3.20%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Neighbors BankNeighbors Bank's Neighbors Savings Account earns more on smaller deposits (approx. $420 vs $320/yr).
Better Returns at $25,000
Neighbors BankNeighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1050 vs $800/yr).
Best for Simplicity
CitibankCitibank's Citi Accelerate Savings offers 3.20% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
CitibankCitibank offers an iOS app rated 4.9 (vs. 3.3) and Android app rated 4.8 (vs. 4.4)
Shared Benefits
Over a 1-year period, Neighbors Bank's Neighbors Savings Account pays $100 more interest on a $10,000 balance than Citibank's Citi Accelerate Savings.
*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
Citibank vs. Neighbors Bank Savings Calculator
You earn $100 more with Neighbors Bank than Citibank 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.
Citibank
Citi Accelerate Savings
Savings Breakdown
- Interest Earned+$320.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,320.00
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 $319 per year in interest.
Both Citibank and Neighbors Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Citibank | Neighbors Bank |
|---|---|---|
| APY | 3.20% Verified: 2/21/2026 ↘︎ 0.10%90d Change | 4.20% Verified: 2/21/2026 ↘︎ 0.30%90d Change |
| Product Name | Citi Accelerate Savings | Neighbors Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $4.50. Waived for average monthly balances > $500 | $0 |
| Compound Frequency | Daily | N/A |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | U.S. branches are concentrated in six metropolitan areas, New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. | 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 Limit: $2,500/dayTiered limits based on account status (Citigold higher). | Not Supported |
| BBB Rating | D- | A+ |
| Important Notes | Eligibility restricted to select states. | Balances up to $250,000 earn 4.20% APY. Anything above will earn 0.05% APY. |
| Next Steps | Visit SiteVerify at Citibank 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 | Citibank | Neighbors Bank | |
|---|---|---|---|
| Citi® Savings Account | Citi Accelerate Savings | Neighbors Savings Account | |
Current APY | 0.03% | 3.20% | 4.20% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -4.7 | -3.7 |
Days Since Change | 360 | 25 | 37 |
12-Month High | 0.03% | 3.80% | 4.75% |
12-Month Low | 0.03% | 3.20% | 4.20% |
Adjustments / Mo | 0.00 | 0.58 | 0.33 |
Volatility Score | 0.000 | 0.049 | 0.035 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Citibank vs...
Comparing against Standard Savings
Compare Neighbors Bank vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.
More Comparisons
Compare Citibank's APY of 3.20% 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 American Express | 3.30% | $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 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 | 3.95% | $0 |
| Neighbors Bank vs Wells Fargo | 0.05% | $25 |