Neighbors Bank vs. Synchrony Bank
Comparing Neighbors Bank and Synchrony Bank for high-yield savings: Neighbors Bank's Neighbors Savings Account pays 4.20% APY while Synchrony Bank's High Yield Savings pays 3.40% 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 $80 more than Synchrony Bank annually ($420 vs $340).
Choose Neighbors Bank if getting the best rate matters most, or you value in-person banking. Choose Synchrony Bank if you want a no-strings-attached account, or you're an iPhone user.
| Metric | Neighbors BankNeighbors Savings Account Apr 21, 2026 | Synchrony BankHigh Yield Savings Apr 21, 2026 |
|---|---|---|
| APY | 4.20% | 3.40% |
Est. Earnings | $5,000+$210 $10,000+$420 $25,000+$1,050 | $5,000+$170 $10,000+$340 $25,000+$850 |
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 AccessRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often |
Comparison Analysis
Comparing Neighbors Bank vs. Synchrony Bank
Executive Summary
Neighbors Bank offers a competitive Neighbors Savings Account with a high APY of 4.20%, applicable to balances up to $250,000, while amounts above this threshold earn only 0.05%. This account has no minimum deposit or maintenance fees and does not require direct deposit, although it is not available in Delaware. In comparison, Synchrony Bank provides a High Yield Savings account with a lower APY of 3.40%, also featuring no minimum deposit or maintenance fees and no direct deposit requirement, but it is an online-only product. Overall, Neighbors Bank's savings account stands out as the better option based on the higher APY.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Neighbors Bank?
- ✓Higher potential APY (4.20% vs 3.40%) 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 $340/yr).
Better Returns at $25,000
Neighbors BankNeighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1050 vs $850/yr).
Best for Simplicity
Synchrony BankSynchrony Bank's High Yield Savings offers 3.40% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Synchrony BankSynchrony Bank offers an iOS app rated 4.8 (vs. 3.3) and Android app rated 4.5 (vs. 4.4)
Shared Benefits
Over a 1-year period, Neighbors Bank's Neighbors Savings Account pays $80 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.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Neighbors Bank vs. Synchrony Bank Savings Calculator
You earn $80 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+$340.00(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,340.00
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 $339 per year in interest.
Both Neighbors Bank and Synchrony Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Neighbors Bank | Synchrony Bank |
|---|---|---|
| APY | 4.20% Verified: 4/21/2026 Stable (90d) | 3.40% Verified: 4/21/2026 ↘︎ 0.25%90d Change |
| Product Name | Neighbors Savings Account | High Yield Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | N/A | Daily |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Physical Branches | One location in Columbia, Missouri | N/A |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| 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% | 3.40% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.6 | -4.2 |
Days Since Change | 96 | 0 |
12-Month High | 4.60% | 4.00% |
12-Month Low | 4.20% | 3.40% |
Adjustments / Mo | 0.25 | 0.33 |
Volatility Score | 0.039 | 0.042 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Neighbors Bank's APY of 4.20% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Neighbors Bank vs Ally Bank | 3.10% | $0 |
| Neighbors Bank vs American Express | 3.20% | $0 |
| Neighbors Bank vs Axos Bank | 4.21% | $0 |
| Neighbors Bank vs Barclays | 3.75% | $0 |
| Neighbors Bank vs Capital One | 3.20% | $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 | 3.50% | $0 |
| Neighbors Bank vs Newtek Bank | 4.20% | $0.01 |
| Neighbors Bank vs Openbank | 4.00% | $500 |
| Neighbors Bank vs Pibank | 4.40% | $0 |
| Neighbors Bank vs SoFi Bank | 4.00% | $0 |
| Neighbors Bank vs Varo Bank | 5.00% | $0 |
| Neighbors Bank vs Wealthfront | 4.20% | $0 |