Neighbors Bank vs. Openbank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Neighbors BankNeighbors Savings Account Jan 7, 2026 | OpenbankHigh-Yield Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 4.30% | 4.20% |
Est. Earnings | $5,000+$215 $10,000+$430 $25,000+$1,075 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $0 | $500 |
Snapshot view. Rates subject to change. | ||
Terms | Balances up to $250,000 earn 4.30% APY. Anything above will earn 0.05% APY. | - |
| Features | FDIC InsuredNo MinimumsGreat Android AppIn-Person Access | FDIC InsuredLow Minimums |
Comparison Analysis
Comparing Neighbors Bank vs. Openbank
As of Neighbors Bank offers an APY of 4.30% for its Neighbors Savings Account, with a minimum balance of $0, compared to Openbank's 4.20% APY for its High-Yield Savings Account, with a minimum balance of $0.
Neighbors Bank pays $10 more than Openbank on a $10,000 balance after one year. Neighbors Bank pays $430, while Openbank pays $420 - an APY advantage for Neighbors Bank.
Why Neighbors Bank?
- ✓Physical branch access (One location in Columbia, Missouri)
- ✓Higher rated Android app (4.4 vs 2.9)
Why Openbank?
- ✓No checking account or direct deposit required
- ✓Available Nationwide
— Key Feature Differences —
Best for Simplicity
OpenbankOpenbank's High-Yield Savings Account offers 4.20% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Neighbors Bank's Neighbors Savings Account pays $10 more interest on a $10,000 balance than Openbank's High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Neighbors Bank offers a Neighbors Savings Account with a competitive 4.30% APY for balances up to $250,000, making it the higher-yield option compared to Openbank's High-Yield Savings Account, which provides 4.20% APY. Both accounts have no maintenance fees and do not require direct deposit. However, Neighbors Bank's account is not available in Delaware, while Openbank operates online only, requiring a minimum deposit of $500. For those looking for the highest yield, Neighbors Bank is the clear choice.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Neighbors Bank vs. Openbank Savings Calculator
You earn $10 more with Neighbors Bank than Openbank 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.
Neighbors Bank
Neighbors Savings Account
4.30% on first $250,000 and 0.05% thereafter.
Savings Breakdown
- Interest Earned+$430.00(4.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,430.00
Openbank
High-Yield Savings Account
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.
| Feature | Neighbors Bank | Openbank |
|---|---|---|
| APY | 4.30% Verified: 1/7/2026 ↘︎ 0.30%90d Change | 4.20% Verified: 1/7/2026 Stable (90d) |
| Product Name | Neighbors Savings Account | High-Yield Savings Account |
| Minimum Deposit | $0 | $500 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS3.3 Android4.4 | iOS3.1 Android2.9 |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | Not Rated |
| Important Notes | Balances up to $250,000 earn 4.30% APY. Anything above will earn 0.05% APY. | - |
| Next Steps | Visit SiteVerify at Neighbors Bank Non-sponsored link to official site | Visit SiteVerify at Openbank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Neighbors Bank | Openbank |
|---|---|---|
| Neighbors Savings Account | High-Yield Savings Account | |
Current APY | 4.30% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.6 | -2.9 |
Days Since Change | 28 | 169 |
10-Month High | 4.75% | 4.75% |
10-Month Low | 4.30% | 4.20% |
Adjustments / Mo | 0.29 | 0.29 |
Volatility Score | 0.023 | 0.026 |
How to read these metrics(Click to expand)
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