Neighbors Bank vs. SoFi Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Neighbors Bank
Neighbors Savings Account
4.50%APYDec 6, 2025FDIC InsuredNo MinimumsGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Neighbors Bank
Neighbors Savings Account
SoFi Bank
SoFi Savings
Up to4.30%APYDec 6, 2025FDIC InsuredChecking BundleNo MinimumsGreat iOS AppGreat Android AppRange: 3.60% – 4.30%Show Fine Print & Trends Hide Details
SoFi Bank
SoFi Savings
Comparison Analysis
Comparing Neighbors Bank vs. SoFi Bank
Why Neighbors Bank?
- ✓Higher potential APY (4.50% vs 4.30%) on all balances
- ✓No checking account or direct deposit required
- ✓Physical branch access (One location in Columbia, Missouri)
- ✓Higher rated Android app (4.4 vs 4.0)
Why SoFi Bank?
- ✓Earn a $50 bonus with $1,000+ in direct deposits, or $300 with $5,000+.
- ✓Earn 0.50% APY on checking account with access to 55,000+ fee free ATMs
- ✓Higher rated iOS app (4.8 vs 3.3)
- ✓Available Nationwide
— Key Feature Differences —
Better Returns at $10,000
Neighbors BankNeighbors Bank's Neighbors Savings Account earns more on smaller deposits (approx. $450 vs $430/yr).
Better Returns at $25,000
Neighbors BankNeighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1125 vs $1075/yr).
Best for Simplicity
Neighbors BankNeighbors Bank's Neighbors Savings Account offers 4.50% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Neighbors Bank's Neighbors Savings Account pays $20 more interest on a $10,000 balance than SoFi Bank's SoFi Savings.
Executive Summary
Neighbors Bank offers a competitive Neighbors Savings Account with an APY of 4.50%, making it the winner in this comparison. This account has no direct deposit requirement and allows balances up to $250,000 to earn the same rate, while balances above that earn 0.05% APY. In contrast, SoFi Bank's SoFi Savings account provides a lower APY of 4.30%, which includes a temporary boost and requires either a direct deposit or a $10/month subscription fee to maintain the higher rate. SoFi's account is online-only and comes bundled with a checking account offering a 0.50% APY.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Neighbors Bank and SoFi Bank.
| Feature | Neighbors Bank | SoFi Bank |
|---|---|---|
| APY | 4.50% Verified: 12/6/2025 ↘︎ 0.10%90d Change | 4.30% Range: 3.60% - 4.30% Verified: 12/6/2025 ↗︎ 0.50%90d Change |
| Product Name | Neighbors Savings Account | SoFi Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS3.3 Android4.4 | iOS4.8 Android4.0 |
| BBB Rating | A+ | A+ |
| Important Notes | Balances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY. | Limited offer: The 4.30% includes a temporary 0.70% APY boost for 6 months. It is available with 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 with a 0.50% APY. |
| Next Steps |
Savings Comparison
Neighbors Bank earns $130.7 more than SoFi Bank.
Neighbors Bank
Neighbors Savings Account
Savings Breakdown
- Interest Earned+$2,760.10(13.3%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,760.10
SoFi Bank
SoFi Savings
Savings Breakdown
- Interest Earned+$2,629.40(12.7%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,629.40
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Neighbors Bank | SoFi Bank |
|---|---|---|
| Neighbors Savings Account | SoFi Savings | |
Current APY | 4.50% | 4.30% |
Trend | Stable | Stable |
Velocity (bps/mo) | -1.5 | 8.5 |
Days Since Change | 53 | 24 |
9-Month High | 4.75% | 4.50% |
9-Month Low | 4.50% | 3.80% |
Adjustments / Mo | 0.21 | 0.21 |
Volatility Score | 0.012 | 0.076 |
How to read these metrics(Click to expand)
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