Neighbors Bank vs. Synchrony Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Neighbors BankNeighbors Savings Account Jan 21, 2026 | Synchrony BankHigh Yield Savings Jan 21, 2026 |
|---|---|---|
| APY | 4.20% | 3.65% |
Est. Earnings | $5,000+$210 $10,000+$420 $25,000+$1,050 | $5,000+$183 $10,000+$365 $25,000+$912 |
Min Deposit | $0 | $0 |
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 InsuredNo MinimumsGreat iOS AppGreat Android App |
Comparison Analysis
Comparing Neighbors Bank vs. Synchrony Bank
As of Neighbors Bank offers an APY of 4.20% for its Neighbors Savings Account, with a minimum balance of $0, compared to Synchrony Bank's 3.65% APY for its High Yield Savings account, with a minimum balance of $0.
Neighbors Bank pays $55 more than Synchrony Bank on a $10,000 balance after one year. Neighbors Bank pays $420, while Synchrony Bank pays $365 - an APY advantage for Neighbors Bank.
Why Neighbors Bank?
- ✓Higher potential APY (4.20% vs 3.65%) on all balances
- ✓Physical branch access (One location in Columbia, Missouri)
Why Synchrony Bank?
- ✓No checking account or direct deposit required
- ✓Higher rated iOS app (4.8 vs 3.3)
- ✓Available Nationwide
— Key Feature Differences —
Better Returns at $10,000
Neighbors BankNeighbors Bank's Neighbors Savings Account earns more on smaller deposits (approx. $420 vs $365/yr).
Better Returns at $25,000
Neighbors BankNeighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1050 vs $912/yr).
Best for Simplicity
Synchrony BankSynchrony Bank's High Yield Savings offers 3.65% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Neighbors Bank's Neighbors Savings Account pays $55 more interest on a $10,000 balance than Synchrony Bank's High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Neighbors Bank offers a competitive Neighbors Savings Account with an APY of 4.20% for balances up to $250,000, making it the superior choice compared to Synchrony Bank's High Yield Savings account, which provides a lower APY of 3.65%. Both accounts have no minimum deposit or maintenance fees, and neither requires direct deposit. However, the Neighbors Savings Account is not available in Delaware, while Synchrony Bank operates online-only. For those looking for higher returns on savings, Neighbors Bank is the clear winner.
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. Synchrony Bank Savings Calculator
You earn $55 more with Neighbors Bank than Synchrony Bank 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
4.20% 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
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$365.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,365.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Neighbors Bank | Synchrony Bank |
|---|---|---|
| APY | 4.20% Verified: 1/21/2026 ↘︎ 0.30%90d Change | 3.65% Verified: 1/21/2026 ↘︎ 0.15%90d Change |
| Product Name | Neighbors Savings Account | High Yield Savings |
| Minimum Deposit | $0 | $0 |
| 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 | iOS4.8 Android4.5 |
| 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 Synchrony Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Neighbors Bank | Synchrony Bank |
|---|---|---|
| Neighbors Savings Account | High Yield Savings | |
Current APY | 4.20% | 3.65% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.0 | -3.5 |
Days Since Change | 6 | 64 |
11-Month High | 4.75% | 4.00% |
11-Month Low | 4.20% | 3.65% |
Adjustments / Mo | 0.36 | 0.18 |
Volatility Score | 0.027 | 0.033 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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