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 16, 2026 | OpenbankHigh-Yield Savings Account Jan 16, 2026 |
|---|---|---|
| APY | 4.20% | 4.20% |
Est. Earnings | $5,000+$210 $10,000+$420 $25,000+$1,050 | $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 4.20% 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 both Neighbors Bank (Neighbors Savings Account) and Openbank (High-Yield Savings Account) offer an APY of 4.20% .
Both banks yield $420 in interest on a $10,000 balance after one year. Neither has an APY advantage, so consider other features (fees, access, app ratings, etc.) when choosing.
Why Neighbors Bank?
- ✓Physical branch access (One location in Columbia, Missouri)
- ✓Higher rated Android app (4.4 vs 2.8)
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
Executive Summary as of
Neighbors Bank offers a Neighbors Savings Account with a competitive 4.20% APY on balances up to $250,000, while amounts above that earn only 0.05% APY. This account does not require direct deposit and has no maintenance fees, but is not available in Delaware. Conversely, Openbank provides an online-only High-Yield Savings Account, also yielding 4.20% APY, with no minimum balance or direct deposit requirements. Openbank's account is noted for its simplicity and has a minimum deposit of $500. Both banks offer comparable rates, but Openbank's account may appeal more to those seeking an online-only option.
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
Both accounts earn exactly the same amount.
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
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 | 4.20% Verified: 1/16/2026 ↘︎ 0.30%90d Change | 4.20% Verified: 1/16/2026 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 Android2.8 |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | Not Rated |
| Important Notes | Balances up to $250,000 earn 4.20% 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 | 4.20% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.8 | -2.8 |
Days Since Change | 1 | 178 |
11-Month High | 4.75% | 4.75% |
11-Month Low | 4.20% | 4.20% |
Adjustments / Mo | 0.37 | 0.28 |
Volatility Score | 0.025 | 0.026 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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