Neighbors Bank vs Peak Bank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of Neighbors Bank vs. Peak Bank
As of September 5, 2025 Neighbors Bank offers an APY of 4.60% for its Neighbors Savings Account, with a minimum balance of $0, compared to Peak Bank's 4.35% APY for its Envision High Yield Savings account, with a minimum balance of .
Neighbors Bank yields $25 more than Peak Bank on a $10,000 balance after one year. Neighbors Bank pays $460, while Peak Bank pays $435 - an APY advantage for Neighbors Bank.
Neighbors Bank
Strengths
- Neighbors Savings Account offers a competitive APY of 4.60%.
- No minimum deposit or balance requirement for the Neighbors Savings Account.
- Neighbors Bank has a physical branch location in Columbia, Missouri.
Potential Drawbacks
- Neighbors Bank has a lower App Store rating of 3.3 compared to Peak Bank.
- Balances above $250,000 earn only 0.05% APY.
- Only one branch location limits accessibility.
Peak Bank
Strengths
- Peak Bank's Envision High Yield Savings offers a solid APY of 4.35%.
- Peak Bank has a higher App Store rating of 4.8.
- No maintenance fees for the Envision High Yield Savings account.
Potential Drawbacks
- Peak Bank has no physical branches, limiting in-person access.
- Requires a minimum deposit of $100 for the Envision High Yield Savings account.
- Lower APY compared to Neighbors Bank's offering.
Summary: Neighbors Bank provides a higher APY of 4.60% for its savings account, with no minimum deposit or balance requirements, but has only one branch and a lower App Store rating. In contrast, Peak Bank offers a 4.35% APY, requires a $100 minimum deposit, and has no physical branches, but boasts a higher App Store rating. Both banks have an A+ BBB rating but are not accredited.
Compare Neighbors Bank's vs Peak Bank's Savings Accounts
| Neighbors Bank | Peak Bank | ||
|---|---|---|---|
| Product | Neighbors Savings Account | vs | Envision High Yield Savings |
| APY | 4.60% (as of 9/5/2025) | 4.35% (as of 9/5/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | Yes | |
| Compound Frequency | N/A | Daily | |
| Minimum Deposit | $0 | $100 | |
| Minimum Balance for APY | $0 | N/A | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Eligibility | Not available in Delaware. | United States | |
| Note | Balances up to $250,000 earn 4.60% APY. Anything above will earn 0.05% APY. | ||
| App Store Rating | 3.3/5 | 4.8/5 | |
| Google Play Rating | 4.3/5 | 4.6/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 6 Months)
| Neighbors Bank | Peak Bank | ||
|---|---|---|---|
| Product | Neighbors Savings Account | vs | Envision High Yield Savings |
| Latest APY | 4.60 % | 4.35 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -1.0 | -3.0 | |
| Rate Changes / Mo | 0.16 | 0.47 | |
| Days Since Last Change | 177 | 35 | |
| High (-6 m) | 4.75 % | 4.54 % | |
| Low (-6 m) | 4.60 % | 4.35 % | |
| Draw-down from High | -3.2 % | -4.2 % | |
| Volatility (CV) | 0.009 | 0.015 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-6 m)
- Highest APY in the last 191 days.
- Low (-6 m)
- Lowest APY in the last 191 days.
- Draw-down from High
- How far today sits below the 6-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Calculate Savings Growth for Neighbors Bank vs Peak Bank
All calculations are based on APY.
Neighbors Bank
APY: 4.60%
Total savings breakdown:
- Interest earned: $2,825.8 (13.57%)
- Total contributions: $13,000 (62.42%)
- Initial deposit: $5,000 (24.01%)
Your total balance
$20,825.80
Effective APY: 4.60% (based on your deposit and contributions)
Total balance: $20,825.8
Earnings: $2,825.8
Bank OverviewPeak Bank
APY: 4.35%
Total savings breakdown:
- Interest earned: $2,662 (12.88%)
- Total contributions: $13,000 (62.92%)
- Initial deposit: $5,000 (24.20%)
Your total balance
$20,662.00
Effective APY: 4.35% (based on your deposit and contributions)
Total balance: $20,662
Earnings: $2,662
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Neighbors Bank's total earnings would be $163.8 higher than Peak Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Neighbors Bank's APY of 4.60% with other banks
Compare Peak Bank's APY of 4.35% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Peak Bank vs Ally Bank | 3.50% | $0 |
| Peak Bank vs American Express | 3.50% | $0 |
| Peak Bank vs Axos Bank | 4.46% | $0 |
| Peak Bank vs Bank of America | 0.01% | $100 |
| Peak Bank vs Barclays | 4.10% | $0 |
| Peak Bank vs BrioDirect | 4.30% | $5,000 |
| Peak Bank vs Capital One | 3.50% | $0 |
| Peak Bank vs Chase Bank | 0.01% | $0 |
| Peak Bank vs Chime | 3.75% | $0 |
| Peak Bank vs CIT Bank | 4.00% | $100 |
| Peak Bank vs Discover Bank | 3.50% | $0 |
| Peak Bank vs Elevault | 4.60% | $0 |
| Peak Bank vs EverBank | 4.30% | $0 |
| Peak Bank vs Fitness Bank | 4.75% | $100 |
| Peak Bank vs FVCbank | 4.35% | $500 |
| Peak Bank vs GO2bank | 4.50% | $0 |
| Peak Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Peak Bank vs Newtek Bank | 4.35% | $0 |
| Peak Bank vs Pibank | 4.60% | $0 |
| Peak Bank vs Presidential Bank | 4.50% | $5,000 |
| Peak Bank vs Santander Bank | 0.03% | $25 |
| Peak Bank vs SoFi Bank | 3.80% | $0 |
| Peak Bank vs Synchrony Bank | 3.80% | $0 |
| Peak Bank vs TIMBR | 4.40% | $1,000 |
| Peak Bank vs UFB Direct | 4.21% | $5000 |
| Peak Bank vs Varo Bank | 5.00% | $0 |
| Peak Bank vs Wells Fargo | 2.51% | $25 |
| Peak Bank vs Zynlo Bank | 4.35% | $10 |