Neighbors Bank vs. Sofi Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of Neighbors Bank vs. SoFi Bank
Key Metrics at a Glance
| Feature | Neighbors Bank | SoFi Bank |
|---|---|---|
| Top Savings APY | 4.50% Neighbors Savings Account | 4.50% SoFi Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | Balances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY. | Limited offer: you can earn a 0.70% APY boost for 6 months, making the total APY 4.50%. This requires either a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with a checking account. |
Neighbors Bank
Strengths
- Neighbors Bank offers a competitive 4.50% APY on savings up to $250,000.
- No maintenance fees for the Neighbors Savings Account.
- Neighbors Bank has a physical branch in Columbia, Missouri.
Potential Drawbacks
- Neighbors Bank's APY decreased from 4.60% in the last 30 days.
- Neighbors Bank has a lower App Store rating of 3.3.
- Not BBB Accredited.
SoFi Bank
Strengths
- SoFi Bank maintains a steady 4.50% APY with no recent changes.
- SoFi Bank has a higher App Store rating of 4.8.
- SoFi Bank offers a potential 0.70% APY boost for qualifying deposits.
Potential Drawbacks
- SoFi Bank has no physical branches.
- SoFi Bank requires direct deposit or subscription for higher APY offer.
- SoFi Bank's Google Play rating is lower at 4.1.
Summary: Both Neighbors Bank and SoFi Bank offer a 4.50% APY on their high-yield savings accounts, but Neighbors Bank's APY has recently decreased. Neighbors Bank has a physical branch, while SoFi Bank operates online only. SoFi Bank has a higher App Store rating but requires a direct deposit or subscription for an APY boost. Additionally, Neighbors Bank is not BBB Accredited, whereas SoFi Bank has an A+ rating.
→ As of 10/21/2025 both Neighbors Bank (Neighbors Savings Account) and SoFi Bank (SoFi Savings) offer an APY of 4.50% .
→ Both banks yield $450 in interest on a $10,000 balance after one year. Neither has an APY advantage, so consider other features (fees, access, app ratings, etc.) when choosing.
Calculate Savings Growth for Neighbors Bank vs SoFi Bank
All calculations are based on APY.
Neighbors Bank - Neighbors Savings Account
Top APY: 4.50%
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
Effective APY: 4.50% (based on your deposit and contributions)
Total balance: $20,760.1
Earnings: $2,760.1
Bank OverviewSoFi Bank - SoFi Savings
Top APY: 4.50%
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
Effective APY: 4.50% (based on your deposit and contributions)
Total balance: $20,760.1
Earnings: $2,760.1
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Neighbors Bank's total earnings would be the same as SoFi 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 SoFi Bank's Savings Accounts
| Neighbors Bank | SoFi Bank | ||
|---|---|---|---|
| Product | Neighbors Savings Account | vs | SoFi Savings |
| APY | 4.50% (as of 10/21/2025) | 4.50% (as of 10/21/2025) | |
| Bundled Account | No | Yes | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | Yes | |
| Compound Frequency | N/A | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No. Without direct deposit or "Qualifying Deposits" the APY will be significantly lower | |
| Eligibility | Not available in Delaware. | United States | |
| Note | Balances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY. | Limited offer: you can earn a 0.70% APY boost for 6 months, making the total APY 4.50%. This requires either a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with a checking account. | |
| App Store Rating | 3.3/5 | 4.8/5 | |
| Google Play Rating | 4.3/5 | 4.1/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 8 Months)
| Neighbors Bank | SoFi Bank | ||
|---|---|---|---|
| Product | Neighbors Savings Account | vs | SoFi Savings |
| Latest APY | 4.50 % | 4.50 % | |
| Trend | Sideways | Rising | |
| Slope (bps/mo) | -0.9 | 7.4 | |
| Rate Changes / Mo | 0.25 | 0.13 | |
| Days Since Last Change | 7 | 40 | |
| High (-8 m) | 4.75 % | 4.50 % | |
| Low (-8 m) | 4.50 % | 3.80 % | |
| Draw-down from High | -5.3 % | 0.0 % | |
| Volatility (CV) | 0.009 | 0.067 |
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.