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
| Feature | EverBank | Neighbors 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 |
| Note | Balances 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%.
→ 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
EverBank - Performance Savings
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
Total balance: $20,467
Earnings: $2,467
Bank OverviewNeighbors Bank - Neighbors Savings Account
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
Total balance: $20,760.1
Earnings: $2,760.1
Bank OverviewWith 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
| EverBank | Neighbors Bank | ||
|---|---|---|---|
| Product | Performance Savings | vs | Neighbors Savings Account |
| APY | 4.05% (as of 10/21/2025) | 4.50% (as of 10/21/2025) | |
| 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 4.50% APY. Anything above will earn 0.05% APY. | ||
| App Store Rating | 2.3/5 | 3.3/5 | |
| Google Play Rating | 1.8/5 | 4.3/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 8 Months)
| EverBank | Neighbors Bank | ||
|---|---|---|---|
| Product | Performance Savings | vs | Neighbors Savings Account |
| Latest APY | 4.05 % | 4.50 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -2.2 | -0.9 | |
| Rate Changes / Mo | 0.13 | 0.25 | |
| Days Since Last Change | 32 | 7 | |
| High (-8 m) | 4.30 % | 4.75 % | |
| Low (-8 m) | 4.05 % | 4.50 % | |
| Draw-down from High | -5.8 % | -5.3 % | |
| Volatility (CV) | 0.020 | 0.009 |
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.