Everbank vs. Neighbors Bank

High-Yield Savings Account Comparison

By Aviel Fahl|Last Updated: October 21, 2025

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Summary of EverBank vs. Neighbors Bank

Key Metrics at a Glance

FeatureEverBankNeighbors Bank
Top Savings APY

4.05%

Performance Savings

4.50%

Neighbors Savings Account

Minimum to Open$0$0
Minimum Balance for Top APY$0$0
NoteBalances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY.

EverBank

Strengths

  • EverBank offers a competitive APY of 4.05%, unchanged from 30 days ago.
  • No maintenance fees on the Performance Savings account.

Potential Drawbacks

  • EverBank has a low App Store rating of 2.3.
  • Only 11 branches located in Florida and California.

Neighbors Bank

Strengths

  • Neighbors Bank provides a higher APY of 4.50%, though it decreased from 4.60% last month.
  • Neighbors Bank has a better Google Play rating of 4.3.

Potential Drawbacks

  • Neighbors Bank has only one branch in Columbia, Missouri.
  • Balances over $250,000 earn a significantly lower APY of 0.05%.
Summary: Neighbors Bank offers a higher APY of 4.50% compared to EverBank's 4.05%, but it has seen a decrease recently. EverBank has more branches, but lower app ratings. Both banks have no maintenance fees, making them accessible options for savers.

→ As of October 21, 2025 EverBank offers an APY of 4.05% for its Performance Savings account, with a minimum balance of $0, compared to Neighbors Bank's 4.50% APY for its Neighbors Savings Account, with a minimum balance of $0.

Neighbors Bank yields $45 more than EverBank on a $10,000 balance after one year. EverBank pays $405, while Neighbors Bank pays $450 - an APY advantage for Neighbors Bank.

Calculate Savings Growth for EverBank vs Neighbors Bank

All calculations are based on APY.

EverBank - Performance Savings

Top APY: 4.05%

Total savings breakdown:

  • Interest earned: $2,467 (12.05%)
  • Total contributions: $13,000 (63.52%)
  • Initial deposit: $5,000 (24.43%)

Your total balance

$20,467.00

Effective APY: 4.05% (based on your deposit and contributions)

Total balance: $20,467

Earnings: $2,467

Bank Overview

Neighbors Bank - Neighbors Savings Account

Top APY: 4.50%

Total savings breakdown:

  • Interest earned: $2,760.1 (13.30%)
  • Total contributions: $13,000 (62.62%)
  • Initial deposit: $5,000 (24.08%)

Your total balance

$20,760.10

Effective APY: 4.50% (based on your deposit and contributions)

Total balance: $20,760.1

Earnings: $2,760.1

Bank Overview

With a $5,000 initial deposit and $13,000 in total contributions over 5 years, EverBank's total earnings would be $293.1 lower than Neighbors Bank's total earnings.

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Compare EverBank's vs Neighbors Bank's Savings Accounts

EverBankNeighbors Bank
ProductPerformance SavingsvsNeighbors Savings Account
APY
4.05% (as of 10/21/2025)4.50% (as of 10/21/2025)
Bundled Account
NoNo
FDIC-insured
YesYes
Online OnlyYesNo
Compound Frequency
DailyN/A
Minimum Deposit$0$0
Minimum Balance for APY$0$0
Maintenance Fee$0$0
Direct Deposit Required
NoNo
EligibilityUnited StatesNot available in Delaware.
NoteBalances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY.
App Store Rating2.3/53.3/5
Google Play Rating1.8/54.3/5
BBB RatingA+A+

Comparative Historical APY Insights (Last 8 Months)

EverBankNeighbors Bank
ProductPerformance SavingsvsNeighbors Savings Account
Latest APY4.05 %4.50 %
TrendSidewaysSideways
Slope (bps/mo)-2.2-0.9
Rate Changes / Mo0.130.25
Days Since Last Change327
High (-8 m)4.30 %4.75 %
Low (-8 m)4.05 %4.50 %
Draw-down from High-5.8 %-5.3 %
Volatility (CV)0.0200.009
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 8 months (regression slope).
Slope (bps/mo)
Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo
Typical number of APY moves per month.
Days Since Last Change
Recency of the latest APY adjustment.
High (-8 m)
Highest APY in the last 237 days.
Low (-8 m)
Lowest APY in the last 237 days.
Draw-down from High
How far today sits below the 8-month peak.
Volatility (CV)
Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
  • See how quickly a bank reacts to Fed moves or competition.
  • Gauge “twitchiness” - frequent moves can annoy savers.
  • Spot if you're buying near a peak (draw-down) or riding a rise.
  • Slope (bps/mo) shows speed of change.
  • Volatility (CV) scales jumps by average level.

More Comparisons

Compare EverBank's APY of 4.05% with other banks
Compare Neighbors Bank's APY of 4.50% with other banks