Neighbors Bank vs. Santander Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of Neighbors Bank vs. Santander Bank
Key Metrics at a Glance
| Feature | Neighbors Bank | Santander Bank |
|---|---|---|
| Top Savings APY | 4.50% Neighbors Savings Account | 0.01% Santander Savings |
| Minimum to Open | $0 | $25 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | Balances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY. |
Neighbors Bank
Strengths
- Neighbors Bank offers a competitive APY of 4.50%, significantly higher than Santander Bank's 0.01%.
- No maintenance fees for the Neighbors Savings Account, while Santander charges $1.
- Neighbors Bank has an A+ BBB rating, indicating a higher trust level than Santander's not rated status.
Potential Drawbacks
- Neighbors Bank's APY decreased from 4.60% in the last 30 days.
- Only one branch location in Columbia, Missouri, limiting accessibility.
- App Store rating of 3.3 is lower than Santander's 4.8.
Santander Bank
Strengths
- Santander Bank has a higher App Store rating of 4.8 compared to Neighbors Bank's 3.3.
- Branches primarily located in the Northeast and Miami, providing broader access.
- No minimum balance requirement for the Santander Savings account.
Potential Drawbacks
- Santander Bank's APY is only 0.01%, much lower than Neighbors Bank's offering.
- Santander charges a $1 maintenance fee, which Neighbors Bank does not.
- Santander is not rated by the BBB, indicating potential trust issues.
→ As of October 21, 2025 Neighbors Bank offers an APY of 4.50% for its Neighbors Savings Account, with a minimum balance of $0, compared to Santander Bank's 0.01% APY for its Santander Savings account, with a minimum balance of $0.
→ Neighbors Bank yields $449 more than Santander Bank on a $10,000 balance after one year. Neighbors Bank pays $450, while Santander Bank pays $1 - an APY advantage for Neighbors Bank.
Calculate Savings Growth for Neighbors Bank vs Santander Bank
Neighbors Bank - Neighbors Savings Account
Total savings breakdown:
- Interest earned: $2,760.1 (13.30%)
- Total contributions: $13,000 (62.62%)
- Initial deposit: $5,000 (24.08%)
Your total balance
$20,760.10
Total balance: $20,760.1
Earnings: $2,760.1
Bank OverviewSantander Bank - Santander Savings
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Neighbors Bank's total earnings would be $2,754.4 higher than Santander Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Neighbors Bank's vs Santander Bank's Savings Accounts
| Neighbors Bank | Santander Bank | ||
|---|---|---|---|
| Product | Neighbors Savings Account | vs | Santander Savings |
| APY | 4.50% (as of 10/21/2025) | 0.01% (as of 10/21/2025) | |
| 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 4.50% APY. Anything above will earn 0.05% APY. | ||
| App Store Rating | 3.3/5 | 4.8/5 | |
| Google Play Rating | 4.3/5 | 4.1/5 | |
| BBB Rating | A+ | Not Rated |
Comparative Historical APY Insights (Last 8 Months)
| Neighbors Bank | Santander Bank | ||
|---|---|---|---|
| Product | Neighbors Savings Account | vs | Santander Savings |
| Latest APY | 4.50 % | 0.01 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -0.9 | -0.2 | |
| Rate Changes / Mo | 0.25 | 0.13 | |
| Days Since Last Change | 7 | 32 | |
| High (-8 m) | 4.75 % | 0.03 % | |
| Low (-8 m) | 4.50 % | 0.01 % | |
| Draw-down from High | -5.3 % | -66.7 % | |
| Volatility (CV) | 0.009 | 0.250 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 8 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 (-8 m)
- Highest APY in the last 237 days.
- Low (-8 m)
- Lowest APY in the last 237 days.
- Draw-down from High
- How far today sits below the 8-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.