Everbank vs Neighbors Bank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of EverBank vs. Neighbors Bank
As of September 5, 2025 EverBank offers an APY of 4.30% for its Performance Savings account, with a minimum balance of $0, compared to Neighbors Bank's 4.60% APY for its Neighbors Savings Account, with a minimum balance of $0.
Neighbors Bank yields $30 more than EverBank on a $10,000 balance after one year. EverBank pays $430, while Neighbors Bank pays $460 - an APY advantage for Neighbors Bank.
EverBank
Strengths
- EverBank offers a competitive APY of 4.30% for its Performance Savings account.
- EverBank has 11 branches located in Florida and California.
- No maintenance fees for the Performance Savings account.
Potential Drawbacks
- EverBank has a low App Store rating of 2.3.
- EverBank has a low Google Play rating of 2.6.
- Not BBB Accredited.
Neighbors Bank
Strengths
- Neighbors Bank offers a higher APY of 4.60% for its Neighbors Savings Account.
- Neighbors Bank has a better App Store rating of 3.3.
- Neighbors Bank has a strong Google Play rating of 4.3.
Potential Drawbacks
- Neighbors Bank has only one branch in Columbia, Missouri.
- Not BBB Accredited.
- Balances over $250,000 earn a lower APY of 0.05%.
Summary: Neighbors Bank provides a higher APY of 4.60% compared to EverBank's 4.30%. EverBank has more branch locations, while Neighbors Bank boasts better app ratings. Both banks lack BBB accreditation, but Neighbors Bank's overall ratings are superior, making it potentially more appealing for customers seeking higher returns and better app experiences.
Compare EverBank's vs Neighbors Bank's Savings Accounts
| EverBank | Neighbors Bank | ||
|---|---|---|---|
| Product | Performance Savings | vs | Neighbors Savings Account |
| APY | 4.30% (as of 9/5/2025) | 4.60% (as of 9/5/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | No | |
| Compound Frequency | Daily | N/A | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Eligibility | United States | Not available in Delaware. | |
| Note | Balances up to $250,000 earn 4.60% APY. Anything above will earn 0.05% APY. | ||
| App Store Rating | 2.3/5 | 3.3/5 | |
| Google Play Rating | 2.6/5 | 4.3/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 6 Months)
| EverBank | Neighbors Bank | ||
|---|---|---|---|
| Product | Performance Savings | vs | Neighbors Savings Account |
| Latest APY | 4.30 % | 4.60 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -1.0 | |
| Rate Changes / Mo | 0.00 | 0.16 | |
| Days Since Last Change | 191 | 177 | |
| High (-6 m) | 4.30 % | 4.75 % | |
| Low (-6 m) | 4.30 % | 4.60 % | |
| Draw-down from High | 0.0 % | -3.2 % | |
| Volatility (CV) | 0.000 | 0.009 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 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 (-6 m)
- Highest APY in the last 191 days.
- Low (-6 m)
- Lowest APY in the last 191 days.
- Draw-down from High
- How far today sits below the 6-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.
Calculate Savings Growth for EverBank vs Neighbors Bank
All calculations are based on APY.
EverBank
APY: 4.30%
Total savings breakdown:
- Interest earned: $2,629.4 (12.75%)
- Total contributions: $13,000 (63.02%)
- Initial deposit: $5,000 (24.24%)
Your total balance
$20,629.40
Effective APY: 4.30% (based on your deposit and contributions)
Total balance: $20,629.4
Earnings: $2,629.4
Bank OverviewNeighbors Bank
APY: 4.60%
Total savings breakdown:
- Interest earned: $2,825.8 (13.57%)
- Total contributions: $13,000 (62.42%)
- Initial deposit: $5,000 (24.01%)
Your total balance
$20,825.80
Effective APY: 4.60% (based on your deposit and contributions)
Total balance: $20,825.8
Earnings: $2,825.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, EverBank's total earnings would be $196.4 lower than Neighbors Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare EverBank's APY of 4.30% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| EverBank vs Ally Bank | 3.50% | $0 |
| EverBank vs American Express | 3.50% | $0 |
| EverBank vs Axos Bank | 4.46% | $0 |
| EverBank vs Bank of America | 0.01% | $100 |
| EverBank vs Barclays | 4.10% | $0 |
| EverBank vs BrioDirect | 4.30% | $5,000 |
| EverBank vs Capital One | 3.50% | $0 |
| EverBank vs Chase Bank | 0.01% | $0 |
| EverBank vs Chime | 3.75% | $0 |
| EverBank vs CIT Bank | 4.00% | $100 |
| EverBank vs Discover Bank | 3.50% | $0 |
| EverBank vs Elevault | 4.60% | $0 |
| EverBank vs Fitness Bank | 4.75% | $100 |
| EverBank vs FVCbank | 4.35% | $500 |
| EverBank vs GO2bank | 4.50% | $0 |
| EverBank vs Marcus by Goldman Sachs | 3.65% | $0 |
| EverBank vs Newtek Bank | 4.35% | $0 |
| EverBank vs Peak Bank | 4.35% | $100 |
| EverBank vs Pibank | 4.60% | $0 |
| EverBank vs Presidential Bank | 4.50% | $5,000 |
| EverBank vs Santander Bank | 0.03% | $25 |
| EverBank vs SoFi Bank | 3.80% | $0 |
| EverBank vs Synchrony Bank | 3.80% | $0 |
| EverBank vs TIMBR | 4.40% | $1,000 |
| EverBank vs UFB Direct | 4.21% | $5000 |
| EverBank vs Varo Bank | 5.00% | $0 |
| EverBank vs Wells Fargo | 2.51% | $25 |
| EverBank vs Zynlo Bank | 4.35% | $10 |