Discover Bank vs. Neighbors Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Discover Bank
Online Savings Account
3.40%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Discover Bank
Online Savings Account
Neighbors Bank
Neighbors Savings Account
4.50%APYDec 6, 2025FDIC InsuredNo MinimumsGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Neighbors Bank
Neighbors Savings Account
Comparison Analysis
Comparing Discover Bank vs. Neighbors Bank
Why Discover Bank?
- ✓Higher rated iOS app (4.9 vs 3.3)
- ✓Higher rated Android app (4.8 vs 4.4)
- ✓Available Nationwide
Why Neighbors Bank?
- ✓Higher potential APY (4.50% vs 3.40%) on all balances
- ✓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. $450 vs $340/yr).
Better Returns at $25,000
Neighbors BankNeighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1125 vs $850/yr).
Best for Simplicity
Neighbors BankNeighbors Bank's Neighbors Savings Account offers 4.50% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Discover BankDiscover Bank 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 $110 more interest on a $10,000 balance than Discover Bank's Online Savings Account.
Executive Summary
Neighbors Bank offers a competitive Neighbors Savings Account with a 4.50% APY, making it the winner in this comparison. This account provides better returns on both smaller and larger deposits, with no direct deposit requirement, maintenance fees, or caps on earnings, although it is not available in Delaware. In contrast, Discover Bank's Online Savings Account features a 3.40% APY and is an online-only product, also with no direct deposit requirement and no maintenance fees. While Discover Bank excels in mobile app experience, Neighbors Bank clearly leads in savings rates.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Discover Bank and Neighbors Bank.
| Feature | Discover Bank | Neighbors Bank |
|---|---|---|
| APY | 3.40% Verified: 12/6/2025 ↘︎ 0.10%90d Change | 4.50% Verified: 12/6/2025 ↘︎ 0.10%90d Change |
| Product Name | Online Savings Account | Neighbors Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.8 | iOS3.3 Android4.4 |
| BBB Rating | A+ | A+ |
| Important Notes | - | Balances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY. |
| Next Steps |
Savings Comparison
Neighbors Bank earns $709.6 more than Discover Bank.
Discover Bank
Online Savings Account
Savings Breakdown
- Interest Earned+$2,050.50(10.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,050.50
Neighbors Bank
Neighbors Savings Account
Savings Breakdown
- Interest Earned+$2,760.10(13.3%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,760.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Discover Bank | Neighbors Bank |
|---|---|---|
| Online Savings Account | Neighbors Savings Account | |
Current APY | 3.40% | 4.50% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.7 | -1.5 |
Days Since Change | 67 | 53 |
9-Month High | 3.75% | 4.75% |
9-Month Low | 3.40% | 4.50% |
Adjustments / Mo | 0.42 | 0.21 |
Volatility Score | 0.031 | 0.012 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Discover Bank vs...
Comparing against Standard Savings
Compare Neighbors Bank vs...
Comparing against Standard Savings
Higher Rates (With Checking)
Looking for something different? Check out these top-rated alternatives.