Neighbors Bank vs. Newtek Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Neighbors Bank
Neighbors Savings Account
4.50%APYDec 6, 2025FDIC InsuredNo MinimumsGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Neighbors Bank
Neighbors Savings Account
Newtek Bank
Personal High Yield Savings
4.35%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Newtek Bank
Personal High Yield Savings
Comparison Analysis
Comparing Neighbors Bank vs. Newtek Bank
Why Neighbors Bank?
- ✓Higher potential APY (4.50% vs 4.35%) on all balances
- ✓Physical branch access (One location in Columbia, Missouri)
Why Newtek Bank?
- ✓Higher rated iOS app (4.5 vs 3.3)
- ✓Available Nationwide
— Key Feature Differences —
Better Returns at $10,000
Neighbors BankNeighbors Bank's Neighbors Savings Account earns more on smaller deposits (approx. $450 vs $435/yr).
Better Returns at $25,000
Neighbors BankNeighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1125 vs $1087/yr).
Shared Benefits
Over a 1-year period, Neighbors Bank's Neighbors Savings Account pays $15 more interest on a $10,000 balance than Newtek Bank's Personal High Yield Savings.
Executive Summary
Neighbors Bank offers the Neighbors Savings Account, which provides a competitive 4.50% APY on balances up to $250,000, making it the higher-yield option compared to Newtek Bank's Personal High Yield Savings account at 4.35% APY. Both accounts have no minimum deposit requirements and do not charge maintenance fees, but the Neighbors Savings Account is not available in Delaware. Newtek Bank's product is online-only, while Neighbors Bank does not specify this limitation. Overall, Neighbors Bank's offering is more advantageous for savers looking to maximize their returns.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Neighbors Bank and Newtek Bank.
| Feature | Neighbors Bank | Newtek Bank |
|---|---|---|
| APY | 4.50% Verified: 12/6/2025 ↘︎ 0.10%90d Change | 4.35% Verified: 12/6/2025 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 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS3.3 Android4.4 | iOS4.5 Android4.2 |
| BBB Rating | A+ | A+ |
| Important Notes | Balances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY. | - |
| Next Steps |
Savings Comparison
Neighbors Bank earns $98.1 more than Newtek Bank.
Neighbors Bank
Neighbors Savings Account
Savings Breakdown
- Interest Earned+$2,760.10(13.3%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,760.10
Newtek Bank
Personal High Yield Savings
Savings Breakdown
- Interest Earned+$2,662.00(12.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,662.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Neighbors Bank | Newtek Bank |
|---|---|---|
| Neighbors Savings Account | Personal High Yield Savings | |
Current APY | 4.50% | 4.35% |
Trend | Stable | Stable |
Velocity (bps/mo) | -1.5 | -0.8 |
Days Since Change | 53 | 239 |
9-Month High | 4.75% | 4.45% |
9-Month Low | 4.50% | 4.35% |
Adjustments / Mo | 0.21 | 0.11 |
Volatility Score | 0.012 | 0.008 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Neighbors Bank vs...
Comparing against Standard Savings
Compare Newtek Bank vs...
Comparing against Standard Savings
Higher Rates (With Checking)
Looking for something different? Check out these top-rated alternatives.