American Express vs. Neighbors Bank
American Express's High Yield Savings Account pays 3.00% APY while Neighbors Bank's Neighbors Savings Account pays 4.10% APY.
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 $110 more than American Express annually ($410 vs $300).
Choose American Express if you're an iPhone user, or you want Zelle for quick transfers. Choose Neighbors Bank if getting the best rate matters most, or BBB rating matters to you.
| Metric | American ExpressHigh Yield Savings Account Sep 11, 2026 | Neighbors BankNeighbors Savings Account Sep 11, 2026 |
|---|---|---|
| APY | 3.00% | 4.10% |
Earns in a year | $5,000+$150 $10,000+$300 $25,000+$750 | $5,000+$205 $10,000+$410 $25,000+$1,025 |
Min. Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | Balances up to $250,000 earn the stated APY. Anything above will earn less. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat Android AppRate Changes Often |
Prefer In-Person Banking?
Both of these institutions are online-only. If you need in-branch access, check out our list of savings accounts with brick-and-mortar locations.
Comparison Analysis
Comparing American Express vs. Neighbors Bank
Executive Summary
Neighbors Bank offers a higher APY of 4.10% on its Neighbors Savings Account, making it the winner in this comparison. This account is available online only and allows balances up to $250,000 to earn the stated APY, while any amount above that will earn a lower rate. In contrast, American Express provides a High Yield Savings Account with a competitive APY of 3.00%. Both accounts have no minimum deposit or maintenance fees, and neither requires direct deposit. However, Neighbors Bank is not available in Delaware, while American Express is nationally available, albeit only in Utah.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why American Express?
- No checking account or direct deposit required
- Higher rated iOS app (4.9 vs 3.3)
- Fast transfers via Zelle®
- Available Nationwide
Why Neighbors Bank?
- Higher potential APY (4.10% vs 3.00%) 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. $410 vs $300/yr).
Better Returns at $25,000
Neighbors BankNeighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1025 vs $750/yr).
Better Mobile App Experience
American ExpressAmerican Express offers an iOS app rated 4.9 (vs. 3.3) and Android app rated 4.8 (vs. 4.6)
Shared Benefits
Over a 1-year period, Neighbors Bank's Neighbors Savings Account pays $110 more interest on a $10,000 balance than American Express's High Yield Savings Account.
*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
American Express vs. Neighbors Bank Savings Calculator
You earn $110 more with Neighbors Bank than American Express 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.
American Express
High Yield Savings Account
Savings Breakdown
- Interest Earned+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
Neighbors Bank
Neighbors Savings Account
Savings Breakdown
- Interest Earned+$410.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,410.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $295 a year in interest.
Both American Express and Neighbors Bank advertise far more than that typical branch-bank rate.
| Feature | American Express | Neighbors Bank |
|---|---|---|
| APY | 3.00% Observed: 9/11/2026 0.10%90-day change | 4.10% Observed: 9/11/2026 0.10%90-day change |
| Product Name | High Yield Savings Account | Neighbors Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | N/A |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | 1 (UT) | 1 (MO) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Requires Amex Rewards Checking; not available for standalone HYSA. | Not Supported |
| BBB Rating | F | A+ |
| Important Notes | - | Balances up to $250,000 earn the stated APY. Anything above will earn less. |
| Next Steps | Visit SiteVerify at American Express Non-sponsored link to official site | Visit SiteVerify at Neighbors Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | Neighbors Bank |
|---|---|---|
| High Yield Savings Account | Neighbors Savings Account | |
Current APY | 3.00% | 4.10% |
Trend | Stable | Stable |
Speed of change | -0.05 | -0.07 |
Days Since Change | 63 | 128 |
12-Month High | 3.50% | 4.60% |
12-Month Low | 3.00% | 4.10% |
Changes per month | 0.41 | 0.33 |
Steadiness | 0.030 | 0.030 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 364-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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High Rates (With Checking Bundle)
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More Comparisons
Compare American Express' APY of 3.00% with other banks
Compare Neighbors Bank's APY of 4.10% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Neighbors Bank vs Ally Bank | 3.00% | $0 |
| Neighbors Bank vs Axos Bank | 4.21% | $0 |
| Neighbors Bank vs Barclays | 3.65% | $0 |
| Neighbors Bank vs Capital One | 3.50% | $0 |
| Neighbors Bank vs Chime | 3.75% | $0 |
| Neighbors Bank vs CIT Bank | 3.75% | $100 |
| Neighbors Bank vs EverBank | 3.90% | $0 |
| Neighbors Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Neighbors Bank vs Newtek Bank | 4.20% | $100 |
| Neighbors Bank vs Openbank | 3.80% | $500 |
| Neighbors Bank vs Pibank | 4.10% | $0 |
| Neighbors Bank vs SoFi Bank | 4.00% | $0 |
| Neighbors Bank vs Synchrony Bank | 3.30% | $0 |
| Neighbors Bank vs Varo Bank | 3.75% | $0 |
| Neighbors Bank vs Wealthfront | 3.95% | $0 |