Axos Bank vs. Neighbors Bank
Axos Bank edges out Neighbors Bank slightly at 4.21% vs 4.20% APY. On a $10,000 balance, the difference is just $1 per year—so other factors may matter more.
The Bottom Line
The Axos Bank and Neighbors Bank savings accounts are very similar. Choose Axos Bank if you're an iPhone user, or choose Neighbors Bank if you value in-person banking.
Important Considerations
Axos Bank requires a checking account to unlock its top savings rate, while Neighbors Bank offers its savings account standalone.
| Metric | Axos BankAxos ONE Apr 21, 2026 | Neighbors BankNeighbors Savings Account Apr 21, 2026 |
|---|---|---|
| APY | 4.21% | 4.20% |
Est. Earnings | $5,000+$211 $10,000+$421 $25,000+$1,053 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The 4.21% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. | Balances up to $250,000 earn 4.20% APY. Anything above will earn 0.05% APY. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking BundleDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat Android AppIn-Person AccessRate Changes Often |
Comparison Analysis
Comparing Axos Bank vs. Neighbors Bank
Executive Summary
Axos Bank offers the Axos ONE savings account with a competitive APY of 4.21%, available through a checking and savings bundle, requiring either a direct deposit of $1,500 or a total of $5,000 in monthly qualifying deposits. Alternatively, their Summit Savings account provides a straightforward option with a 3.75% APY and no direct deposit requirement. In comparison, Neighbors Bank's Neighbors Savings Account yields 4.20% APY for balances up to $250,000, but is not available in Delaware. Both banks have no maintenance fees and require no minimum balance, making them appealing choices for savers.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Axos Bank?
- ✓Earn 0.51% APY on checking account
- ✓Access to 95,000 fee-free ATMs
- ✓Higher rated iOS app (4.7 vs 3.3)
- ✓Offers 2 different high-yield savings options
- ✓Available Nationwide
Why Neighbors Bank?
- ✓Physical branch access (One location in Columbia, Missouri)
— Key Feature Differences —
Best for Simplicity
Axos BankAxos Bank's Summit Savings offers 3.75% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Axos BankAxos Bank offers an iOS app rated 4.7 (vs. 3.3) and Android app rated 4.7 (vs. 4.4)
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE pays $1 more interest on a $10,000 balance than Neighbors Bank's Neighbors Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
* Secure link to our partner
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Axos Bank vs. Neighbors Bank Savings Calculator
You earn $1 more with Axos Bank than Neighbors 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.
Axos Bank
Axos ONE
Savings Breakdown
- Interest Earned+$421.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,421.00
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
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 $419 per year in interest.
Both Axos Bank and Neighbors Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Axos Bank | Neighbors Bank |
|---|---|---|
| APY | 4.21% Verified: 4/21/2026 ↘︎ 0.10%90d Change | 4.20% Verified: 4/21/2026 Stable (90d) |
| Product Name | Axos ONE | Neighbors Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | N/A |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | None | One location in Columbia, Missouri |
| Direct Deposit Req. | Not required, but is the easiest way to earn the highest APY. | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | The 4.21% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. | Balances up to $250,000 earn 4.20% APY. Anything above will earn 0.05% APY. |
| Next Steps | Visit SiteGo to Axos Bank * Secure link to our partner | Visit SiteVerify at Neighbors Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Axos Bank | Neighbors Bank | ||
|---|---|---|---|---|
| Summit Savings | Axos ONE | High Yield Savings | Neighbors Savings Account | |
Current APY | 3.75% | 4.21% | 0.61% | 4.20% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.8 | -4.6 | -0.0 | -4.6 |
Days Since Change | 131 | 80 | 365 | 96 |
12-Month High | 4.00% | 4.66% | 0.61% | 4.60% |
12-Month Low | 3.75% | 4.21% | 0.61% | 4.20% |
Adjustments / Mo | 0.08 | 0.33 | 0.00 | 0.25 |
Volatility Score | 0.032 | 0.038 | 0.000 | 0.039 |
How to read these metrics(Click to expand)
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Compare Axos Bank's APY of 4.21% with other banks
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 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 Synchrony Bank | 3.40% | $0 |
| Neighbors Bank vs Varo Bank | 5.00% | $0 |
| Neighbors Bank vs Wealthfront | 4.20% | $0 |