Neighbors Bank vs Santander Bank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of Neighbors Bank vs. Santander 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 Santander Bank's 0.03% APY for its Santander Savings account, with a minimum balance of $0.
Neighbors Bank yields $457 more than Santander Bank on a $10,000 balance after one year. Neighbors Bank pays $460, while Santander Bank pays $3 - an APY advantage for Neighbors Bank.
Neighbors Bank
Strengths
- Neighbors Bank offers a high APY of 4.60%, significantly higher than Santander Bank.
- No maintenance fees for the Neighbors Savings Account.
- Neighbors Bank has a higher BBB rating of A+ compared to Santander Bank's A-.
Potential Drawbacks
- Only one branch location in Columbia, Missouri limits accessibility.
- Neighbors Bank has a lower App Store rating of 3.3 compared to Santander Bank's 4.8.
- Balances above $250,000 earn a much lower APY of 0.05%.
Santander Bank
Strengths
- Santander Bank has a higher App Store rating of 4.8.
- Branches are more widely available, primarily in the Northeast and Miami.
- Santander Bank requires only a $25 minimum deposit to open a savings account.
Potential Drawbacks
- Santander Bank offers a low APY of 0.03%, far below Neighbors Bank.
- There is a $1 maintenance fee for the Santander Savings account.
- Santander Bank has a lower BBB rating of A- compared to Neighbors Bank's A+.
Compare Neighbors Bank's vs Santander Bank's Savings Accounts
| Neighbors Bank | Santander Bank | ||
|---|---|---|---|
| Product | Neighbors Savings Account | vs | Santander Savings |
| APY | 4.60% (as of 9/5/2025) | 0.03% (as of 9/5/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | No | |
| Compound Frequency | N/A | Daily | |
| Minimum Deposit | $0 | $25 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $1 | |
| 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 | 4.3/5 | |
| BBB Rating | A+ | A- |
Comparative Historical APY Insights (Last 6 Months)
| Neighbors Bank | Santander Bank | ||
|---|---|---|---|
| Product | Neighbors Savings Account | vs | Santander Savings |
| Latest APY | 4.60 % | 0.03 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -1.0 | 0.0 | |
| Rate Changes / Mo | 0.16 | 0.00 | |
| Days Since Last Change | 177 | 191 | |
| High (-6 m) | 4.75 % | 0.03 % | |
| Low (-6 m) | 4.60 % | 0.03 % | |
| Draw-down from High | -3.2 % | 0.0 % | |
| Volatility (CV) | 0.009 | 0.000 |
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 Santander Bank
Neighbors Bank
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
Total balance: $20,825.8
Earnings: $2,825.8
Bank OverviewSantander Bank
Total savings breakdown:
- Interest earned: $17.2 (0.10%)
- Total contributions: $13,000 (72.15%)
- Initial deposit: $5,000 (27.75%)
Your total balance
$18,017.20
Total balance: $18,017.2
Earnings: $17.2
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Neighbors Bank's total earnings would be $2,808.6 higher than Santander Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.