Ivy Bank vs. Neighbors Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Ivy Bank vs. Neighbors Bank
Key Metrics at a Glance
| Feature | Ivy Bank | Neighbors Bank |
|---|---|---|
| Top Savings APY | 4.25% High-Yield Savings Account | 4.50% Neighbors Savings Account |
| Minimum to Open | $2,500 | $0 |
| Minimum Balance for Top APY | $2,500 | $0 |
| Note | Balances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY. |
Ivy Bank
Strengths
- Ivy Bank offers a competitive APY of 4.25%, though it's lower than Neighbors Bank's.
- Ivy Bank has no maintenance fees for its High-Yield Savings Account.
- Ivy Bank's App Store rating is higher at 4.7 compared to Neighbors Bank's 3.3.
Potential Drawbacks
- Ivy Bank has no physical branches, limiting in-person access.
- Ivy Bank requires a minimum deposit and balance of $2,500.
- Ivy Bank's Google Play rating is lower at 3.5 compared to Neighbors Bank's 4.4.
Neighbors Bank
Strengths
- Neighbors Bank offers a higher APY of 4.50%, though it decreased from 4.60%.
- Neighbors Bank has a physical branch, providing in-person banking options.
- Neighbors Bank has no minimum deposit or balance requirements.
Potential Drawbacks
- Neighbors Bank's App Store rating is lower at 3.3 compared to Ivy Bank's 4.7.
- Neighbors Bank's BBB rating is A+, which is better than Ivy Bank's A-.
- Neighbors Bank's savings account earns only 0.05% APY on balances above $250,000.
→ As of November 12, 2025 Ivy Bank offers an APY of 4.25% for its High-Yield Savings Account, with a minimum balance of $2,500, compared to Neighbors Bank's 4.50% APY for its Neighbors Savings Account, with a minimum balance of $0.
→ Neighbors Bank yields $25 more than Ivy Bank on a $10,000 balance after one year. Ivy Bank pays $425, while Neighbors Bank pays $450 - an APY advantage for Neighbors Bank.
Calculate Savings Growth for Ivy Bank vs Neighbors Bank
Ivy Bank - High-Yield Savings Account
Total savings breakdown:
- Interest earned: $2,596.8 (12.61%)
- Total contributions: $13,000 (63.12%)
- Initial deposit: $5,000 (24.28%)
Your total balance
$20,596.80
Total balance: $20,596.8
Earnings: $2,596.8
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, Ivy Bank's total earnings would be $163.3 lower than Neighbors Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Ivy Bank's vs Neighbors Bank's Savings Accounts
| Ivy Bank | Neighbors Bank | ||
|---|---|---|---|
| Product | High-Yield Savings Account | vs | Neighbors Savings Account |
| APY | 0.05% - 4.25% (as of 11/12/2025) | 4.50% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | No | |
| Compound Frequency | Daily | N/A | |
| Minimum Deposit | $2,500 | $0 | |
| Minimum Balance for APY | $2,500 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Eligibility | Residents of California and U.S. Territories (except District of Columbia) are ineligible to apply. | Not available in Delaware. | |
| Note | Balances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY. | ||
| App Store Rating | 4.7/5 | 3.3/5 | |
| Google Play Rating | 3.5/5 | 4.4/5 | |
| BBB Rating | A- | A+ |
No historical data available.