Carver Bank vs. Neighbors Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Carver BankHigh Yield Savings Jan 7, 2026 | Neighbors BankNeighbors Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 4.00% | 4.30% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$215 $10,000+$430 $25,000+$1,075 |
Min Deposit | $5,000 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | Balances up to $250,000 earn 4.30% APY. Anything above will earn 0.05% APY. |
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredNo MinimumsGreat Android AppIn-Person Access |
Comparison Analysis
Comparing Carver Bank vs. Neighbors Bank
As of Carver Bank offers an APY of 4.00% for its High Yield Savings account, with a minimum balance of $5,000, compared to Neighbors Bank's 4.30% APY for its Neighbors Savings Account, with a minimum balance of $0.
Neighbors Bank pays $30 more than Carver Bank on a $10,000 balance after one year. Carver Bank pays $400, while Neighbors Bank pays $430 - an APY advantage for Neighbors Bank.
Why Carver Bank?
- ✓No checking account or direct deposit required
- ✓Higher rated iOS app (4.7 vs 3.3)
- ✓Fast transfers via Zelle®
- ✓Available Nationwide
Why Neighbors Bank?
- ✓Higher potential APY (4.30% vs 4.00%) 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. $430 vs $400/yr).
Better Returns at $25,000
Neighbors BankNeighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1075 vs $1000/yr).
Best for Simplicity
Carver BankCarver Bank's High Yield Savings offers 4.00% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Neighbors Bank's Neighbors Savings Account pays $30 more interest on a $10,000 balance than Carver 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 a higher APY of 4.30%, compared to Carver Bank's High Yield Savings at 4.00%. Neighbors Bank allows balances up to $250,000 to earn this rate, while amounts above that yield only 0.05%. Carver Bank's account, requiring a minimum deposit and balance of $5,000, is online-only but has no direct deposit requirement, making it a straightforward option. Both banks have no maintenance fees, but Neighbors Bank provides better returns for various deposit amounts, making it the preferable choice 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.
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Top Market Contenders
Carver Bank vs. Neighbors Bank Savings Calculator
You earn $30 more with Neighbors Bank than Carver 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.
Carver Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
Neighbors Bank
Neighbors Savings Account
4.30% on first $250,000 and 0.05% thereafter.
Savings Breakdown
- Interest Earned+$430.00(4.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,430.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Carver Bank | Neighbors Bank |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 4.30% Verified: 1/7/2026 ↘︎ 0.30%90d Change |
| Product Name | High Yield Savings | Neighbors Savings Account |
| Minimum Deposit | $5,000 | $0 |
| Min. Balance for APY | $5,000 | $0 |
| Monthly Fee | $0, of minimum balance requirement met. Otherwise $6. | $0 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.5 | iOS3.3 Android4.4 |
| Zelle® Support | Available Full native integration in digital banking. | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | - | Balances up to $250,000 earn 4.30% APY. Anything above will earn 0.05% APY. |
| Next Steps | Visit SiteVerify at Carver Bank 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 | Carver Bank | Neighbors Bank |
|---|---|---|
| High Yield Savings | Neighbors Savings Account | |
Current APY | 4.00% | 4.30% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.2 | -2.6 |
Days Since Change | 309 | 28 |
10-Month High | 4.25% | 4.75% |
10-Month Low | 4.00% | 4.30% |
Adjustments / Mo | 0.10 | 0.29 |
Volatility Score | 0.008 | 0.023 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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