Neighbors Bank vs. Newtek Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Neighbors BankNeighbors Savings Account Jan 21, 2026 | Newtek BankPersonal High Yield Savings Jan 21, 2026 |
|---|---|---|
| APY | 4.20% | 4.35% |
Est. Earnings | $5,000+$210 $10,000+$420 $25,000+$1,050 | $5,000+$217 $10,000+$435 $25,000+$1,088 |
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 Access | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App |
Comparison Analysis
Comparing Neighbors Bank vs. Newtek Bank
As of Neighbors Bank offers an APY of 4.20% for its Neighbors Savings Account, with a minimum balance of $0, compared to Newtek Bank's 4.35% APY for its Personal High Yield Savings account, with a minimum balance of $0.01.
Newtek Bank pays $15 more than Neighbors Bank on a $10,000 balance after one year. Neighbors Bank pays $420, while Newtek Bank pays $435 - an APY advantage for Newtek Bank.
Why Neighbors Bank?
- ✓Physical branch access (One location in Columbia, Missouri)
- ✓Higher rated Android app (4.4 vs 4.0)
Why Newtek Bank?
- ✓Higher potential APY (4.35% vs 4.20%) 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 $10,000
Newtek BankNewtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $435 vs $420/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1088 vs $1050/yr).
Best for Simplicity
Newtek BankNewtek Bank's Personal High Yield Savings offers 4.35% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $15 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.
Executive Summary as of
Newtek Bank offers a competitive Personal High Yield Savings account with a notable 4.35% APY, making it the winner in this comparison. This online-only account requires a minimum deposit of just $0.01 and has no maintenance fees or direct deposit requirements. In contrast, Neighbors Bank provides a Neighbors Savings Account with a slightly lower 4.20% APY, applicable to balances up to $250,000, after which the rate drops significantly to 0.05%. While Neighbors Bank has no minimum deposit or balance requirements, it is not available in Delaware. Overall, Newtek Bank stands out for its higher yield and simpler terms.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Neighbors Bank vs. Newtek Bank Savings Calculator
You earn $15 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
4.20% 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+$435.00(4.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,435.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Neighbors Bank | Newtek Bank |
|---|---|---|
| APY | 4.20% Verified: 1/21/2026 ↘︎ 0.30%90d Change | 4.35% Verified: 1/21/2026 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 |
| 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 Android4.0 |
| 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% | 4.35% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.0 | -0.6 |
Days Since Change | 6 | 285 |
11-Month High | 4.75% | 4.45% |
11-Month Low | 4.20% | 4.35% |
Adjustments / Mo | 0.36 | 0.09 |
Volatility Score | 0.027 | 0.008 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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