Neighbors Bank vs. Newtek Bank
Comparing Neighbors Bank and Newtek Bank for high-yield savings: Neighbors Bank's Neighbors Savings Account pays 4.10% APY while Newtek Bank's Personal High Yield Savings pays 4.20% APY.
Note: Neighbors Bank caps its top rate at $250,000.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Newtek Bank pays $10 more than Neighbors Bank annually ($420 vs $410).
Choose Neighbors Bank if you value in-person banking. Choose Newtek Bank if you want a no-strings-attached account.
| Metric | Neighbors BankNeighbors Savings Account Jun 5, 2026 | Newtek BankPersonal High Yield Savings Jun 5, 2026 |
|---|---|---|
| APY | 4.10% | 4.20% |
Est. Earnings | $5,000+$205 $10,000+$410 $25,000+$1,025 | $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 4.10% 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
Newtek Bank offers a competitive Personal High Yield Savings account with an APY of 4.20%, making it the winner in this comparison. This account is online-only and requires a minimum deposit and balance of just $0.01, with no maintenance fees or direct deposit requirements. In contrast, Neighbors Bank features a Neighbors Savings Account with an APY of 4.10% for balances up to $250,000, but anything above that earns only 0.05% APY. While both accounts have no direct deposit requirements, Neighbors Bank's account is not available in Delaware, making Newtek Bank a more accessible option for most customers.
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 3.9)
Why Newtek Bank?
- ✓Higher potential APY (4.20% vs 4.10%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated iOS app (4.5 vs 3.3)
- ✓Available Nationwide
— Key Feature Differences —
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $1025/yr).
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
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $10 more interest on a $10,000 balance than Neighbors Bank's Neighbors Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Neighbors Bank vs. Newtek Bank Savings Calculator
You earn $10 more with Newtek Bank than Neighbors Bank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Neighbors Bank
Neighbors Savings Account
4.10% on first $250,000 and 0.05% thereafter.
Savings Breakdown
- Interest Earned+$410.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,410.00
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 $409 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 | 4.10% Verified: 6/5/2026 ↘︎ 0.10%90d Change | 4.20% Verified: 6/5/2026 Stable (90d) |
| 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 4.10% 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 | 4.10% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -5.2 | -1.7 |
Days Since Change | 31 | 119 |
12-Month High | 4.60% | 4.35% |
12-Month Low | 4.10% | 4.20% |
Adjustments / Mo | 0.33 | 0.08 |
Volatility Score | 0.043 | 0.017 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Neighbors Bank's APY of 4.10% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Neighbors Bank vs Ally Bank | 3.10% | $0 |
| Neighbors Bank vs American Express | 3.10% | $0 |
| Neighbors Bank vs Axos Bank | 4.21% | $0 |
| Neighbors Bank vs Barclays | 3.75% | $0 |
| Neighbors Bank vs Capital One | 3.00% | $0 |
| Neighbors Bank vs Chime | 3.00% | $0 |
| Neighbors Bank vs CIT Bank | 3.75% | $100 |
| Neighbors Bank vs Discover Bank | 3.30% | $0 |
| Neighbors Bank vs EverBank | 3.90% | $0 |
| Neighbors Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Neighbors Bank vs Openbank | 4.00% | $500 |
| Neighbors Bank vs Pibank | 4.40% | $0 |
| Neighbors Bank vs SoFi Bank | 3.80% | $0 |
| Neighbors Bank vs Synchrony Bank | 3.40% | $0 |
| Neighbors Bank vs Varo Bank | 5.00% | $0 |
| Neighbors Bank vs Wealthfront | 4.20% | $0 |