Neighbors Bank vs. Newtek Bank
Neighbors Bank and Newtek Bank both offer 4.20% APY on their high-yield savings accounts. With identical rates, your choice comes down to other factors like mobile app quality, branch access, or customer service reputation.
The Bottom Line
The Neighbors Bank and Newtek Bank savings accounts are very similar. Choose Neighbors Bank if you value in-person banking. Choose Newtek Bank if you want a no-strings-attached account, or you're an iPhone user.
| Metric | Neighbors BankNeighbors Savings Account Mar 7, 2026 | Newtek BankPersonal High Yield Savings Mar 7, 2026 |
|---|---|---|
| APY | 4.20% | 4.20% |
Est. Earnings | $5,000+$210 $10,000+$420 $25,000+$1,050 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $0 | $0.01 |
Snapshot view. Rates subject to change. | ||
Terms | Balances up to $250,000 earn 4.20% APY. Anything above will earn 0.05% APY. | - |
| Features | FDIC InsuredNo MinimumsGreat Android AppIn-Person AccessRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppDaily CompoundingRate Changes Often |
Comparison Analysis
Comparing Neighbors Bank vs. Newtek Bank
Executive Summary
Neighbors Bank offers a Neighbors Savings Account with an attractive APY of 4.20% for balances up to $250,000, while anything above that earns a lower rate of 0.05%. In comparison, Newtek Bank provides a Personal High Yield Savings account with the same APY of 4.20%, but it is an online-only product with no minimum balance requirement or direct deposit needed. Both banks present comparable rates, but Newtek Bank's account may appeal to those seeking simplicity without caps or additional conditions.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Neighbors Bank?
- ✓Physical branch access (One location in Columbia, Missouri)
- ✓Higher rated Android app (4.4 vs 4.0)
Why Newtek Bank?
- ✓No checking account or direct deposit required
- ✓Higher rated iOS app (4.5 vs 3.3)
- ✓Available Nationwide
— Key Feature Differences —
Best for Simplicity
Newtek BankNewtek Bank's Personal High Yield Savings offers 4.20% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Neighbors Bank vs. Newtek Bank Savings Calculator
Both accounts earn exactly the same amount.
Neighbors Bank
Neighbors Savings Account
4.20% on first $250,000 and 0.05% thereafter.
Savings Breakdown
- Interest Earned+$420.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,420.00
Newtek Bank
Personal High Yield Savings
Savings Breakdown
- Interest Earned+$420.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,420.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $419 per year in interest.
Both Neighbors Bank and Newtek Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Neighbors Bank | Newtek Bank |
|---|---|---|
| APY | 4.20% Verified: 3/7/2026 ↘︎ 0.30%90d Change | 4.20% Verified: 3/7/2026 ↘︎ 0.15%90d Change |
| Product Name | Neighbors Savings Account | Personal High Yield Savings |
| Minimum Deposit | $0 | $0.01 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | N/A | Daily |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Physical Branches | One location in Columbia, Missouri | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | Balances up to $250,000 earn 4.20% APY. Anything above will earn 0.05% APY. | - |
| Next Steps | Visit SiteVerify at Neighbors Bank Non-sponsored link to official site | Visit SiteVerify at Newtek Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Neighbors Bank | Newtek Bank |
|---|---|---|
| Neighbors Savings Account | Personal High Yield Savings | |
Current APY | 4.20% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.9 | -1.0 |
Days Since Change | 51 | 29 |
12-Month High | 4.75% | 4.45% |
12-Month Low | 4.20% | 4.20% |
Adjustments / Mo | 0.33 | 0.16 |
Volatility Score | 0.036 | 0.013 |
How to read these metrics(Click to expand)
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Comparing against Standard Savings
High Rates (With Checking Bundle)
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More Comparisons
Compare Neighbors Bank's APY of 4.20% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Neighbors Bank vs Ally Bank | 3.20% | $0 |
| Neighbors Bank vs American Express | 3.30% | $0 |
| Neighbors Bank vs Axos Bank | 4.21% | $0 |
| Neighbors Bank vs Bank of America | 0.01% | $100 |
| Neighbors Bank vs Barclays | 3.85% | $0 |
| Neighbors Bank vs Capital One | 3.30% | $0 |
| Neighbors Bank vs Chase Bank | 0.01% | $0 |
| Neighbors Bank vs Chime | 3.00% | $0 |
| Neighbors Bank vs CIT Bank | 3.75% | $100 |
| Neighbors Bank vs Citibank | 3.20% | $0 |
| Neighbors Bank vs Discover Bank | 3.30% | $0 |
| Neighbors Bank vs EverBank | 3.90% | $0 |
| Neighbors Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Neighbors Bank vs Openbank | 4.09% | $500 |
| Neighbors Bank vs Pibank | 4.60% | $0 |
| Neighbors Bank vs SoFi Bank | 4.00% | $0 |
| Neighbors Bank vs Synchrony Bank | 3.50% | $0 |
| Neighbors Bank vs Varo Bank | 5.00% | $0 |
| Neighbors Bank vs Wealthfront | 4.20% | $0 |
| Neighbors Bank vs Wells Fargo | 0.05% | $25 |