Neighbors Bank vs. Synchrony Bank
Neighbors Bank's Neighbors Savings Account pays 4.10% APY while Synchrony Bank's High Yield Savings pays 3.30% 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 $80 more than Synchrony Bank annually ($410 vs $330).
Choose Neighbors Bank if getting the best rate matters most, or choose Synchrony Bank if you're an iPhone user.
| Metric | Neighbors BankNeighbors Savings Account Sep 14, 2026 | Synchrony BankHigh Yield Savings Sep 14, 2026 |
|---|---|---|
| APY | 4.10% | 3.30% |
Earns in a year | $5,000+$205 $10,000+$410 $25,000+$1,025 | $5,000+$165 $10,000+$330 $25,000+$825 |
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 Android AppRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often |
Market Reality Check
Both of these institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.20% APY.
Comparison Analysis
Comparing Neighbors Bank vs. Synchrony Bank
Executive Summary
Neighbors Bank has offered the higher headline APY since March 30, 2026, by 80 basis points today. Neighbors Bank paid 3.33% on average on savings and money market deposits. Its savings account offers 4.1%. Synchrony Bank, on the other hand, paid 3.35% on average on savings and money market deposits. Its High Yield Savings account offers 3.3%. At a balance of $10,000, Neighbors Bank's rate remains at 4.1%, while Synchrony Bank's rate is 3.3%.
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 (4.10% vs 3.30%) on all balances
- No checking account or direct deposit required
- Physical branch access (One location in Columbia, Missouri)
Why Synchrony Bank?
- 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. $410 vs $330/yr).
Better Returns at $25,000
Neighbors BankNeighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1025 vs $825/yr).
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
Savings Breakdown
- Interest Earned+$410.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,410.00
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
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 $325 a year in interest.
Both Neighbors Bank and Synchrony Bank advertise far more than that typical branch-bank rate.
| Feature | Neighbors Bank | Synchrony Bank |
|---|---|---|
| APY | 4.10% Observed: 9/14/2026 0.10%90-day change | 3.30% Observed: 9/14/2026 0.10%90-day 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 |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | 1 (MO) | 2 (FL, UT) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | Not Rated |
| Important Notes | Balances up to $250,000 earn the stated APY. Anything above will earn less. | - |
| Next Steps | Visit SiteVerify at Neighbors Bank Non-sponsored link to official site | Visit SiteVerify at Synchrony Bank Non-sponsored link to official site |
What each bank pays on deposits
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
Neighbors Bank
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Neighbors Bank paid a higher average rate on savings and money market deposits than 97% of banks that reported a figure (3,938 banks; FDIC call report). The all-bank median was 1.45%.
Each figure is that bank's own charter-level average across its whole deposit book, so the two are shown one after the other and are not a ranking.
Synchrony Bank
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Synchrony Bank paid a higher average rate on savings and money market deposits than 97% of banks that reported a figure (3,938 banks; FDIC call report). The all-bank median was 1.45%.
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the 3,938 banks that reported a figure for the quarter ending June 30, 2026.
CD rates, term by term
Neighbors Bank has no CD listed on Banksparency. Synchrony Bank lists 15 CD terms, from 3 to 60 months. Its highest rate is 4.35% APY on the 60-month CD. Each row below is one term, with the FDIC national average for that term beside it.
| Term | Synchrony Bank APY | FDIC average (Aug 2026) |
|---|---|---|
| 12 months | 4.10% APYNo minimum | 1.71% |
| 3 months | 0.25% APYNo minimum | 1.14% |
| 6 months | 4.10% APYNo minimum | 1.41% |
| 9 months | 3.90% APYNo minimum | |
| 11 months | 0.25% APYNo minimum | 1.71%12-month average |
| 13 months | 4.10% APYNo minimum | 1.71%12-month average |
| 14 months | 4.15% APYNo minimum | |
| 15 months | 4.10% APYNo minimum | |
| 16 months | 4.30% APYNo minimum | |
| 18 months | 4.25% APYNo minimum | |
| 19 months | 4.25% APYNo minimum | |
| 24 months | 4.25% APYNo minimum | 1.57% |
| 36 months | 4.30% APYNo minimum | 1.34% |
| 48 months | 4.00% APYNo minimum | 1.27% |
| 60 months | 4.35% APYNo minimum | 1.36% |
Neighbors Bank: no CD listed on Banksparency.
Money market accounts
A money market account holds a savings balance and adds check or debit card access. The figure each bank advertises is its best APY across every active tier, so the sentence under it says which balance earns that rate.
Neighbors Bank
No money market account listed here.
Synchrony Bank
Money Market Account
2.00% APY
No minimum. As observed Sep 14, 2026.
The FDIC national money market average was 0.63% in Aug 2026.
Compare Savings Rates Over Time
Historical Performance
| Metric | Neighbors Bank | Synchrony Bank |
|---|---|---|
| Neighbors Savings Account | High Yield Savings | |
Current APY | 4.10% | 3.30% |
Trend | Stable | Stable |
Speed of change | -0.07 | -0.05 |
Days Since Change | 131 | 88 |
12-Month High | 4.60% | 3.80% |
12-Month Low | 4.10% | 3.30% |
Changes per month | 0.33 | 0.33 |
Steadiness | 0.030 | 0.028 |
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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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 American Express | 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 Varo Bank | 3.75% | $0 |
| Neighbors Bank vs Wealthfront | 3.95% | $0 |