Neighbors Bank vs. Upgrade
Compare rates, requirements, and features side-by-side to find the best option for you.
Neighbors Bank
Neighbors Savings Account
4.30%APYDec 10, 2025FDIC InsuredNo MinimumsGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Neighbors Bank
Neighbors Savings Account
Upgrade
Premier Savings
3.05%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Upgrade
Premier Savings
Neighbors Bank vs. Upgrade Savings Calculator
Neighbors Bank earns $799.8 more than Upgrade.
Neighbors Bank
Neighbors Savings Account
Savings Breakdown
- Interest Earned+$2,629.40(12.7%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,629.40
Upgrade
Premier Savings
Savings Breakdown
- Interest Earned+$1,829.60(9.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,829.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Neighbors Bank vs. Upgrade
Why Neighbors Bank?
- ✓Higher potential APY (4.30% vs 3.05%) on all balances
- ✓Physical branch access (One location in Columbia, Missouri)
Why Upgrade?
- ✓Higher rated iOS app (4.9 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. $430 vs $305/yr).
Better Returns at $25,000
Neighbors BankNeighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1075 vs $763/yr).
Best for Simplicity
Neighbors BankNeighbors Bank's Neighbors Savings Account offers 4.30% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Neighbors Bank's Neighbors Savings Account pays $125 more interest on a $10,000 balance than Upgrade's Premier Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Neighbors Bank offers a competitive Neighbors Savings Account with an APY of 4.30%, significantly higher than Upgrade's Premier Savings account, which yields 3.05%. The Neighbors Savings Account has no direct deposit requirement, no maintenance fees, and allows balances up to $250,000 to earn the top rate, making it a strong choice for savers. In contrast, Upgrade's account is online-only, requires a minimum balance of $1,000, and has a lower APY. Overall, Neighbors Bank stands out as the winner based solely on the provided data.
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 Upgrade.
| Feature | Neighbors Bank | Upgrade |
|---|---|---|
| APY | 4.30% Verified: 12/10/2025 ↘︎ 0.30%90d Change | 3.05% Verified: 12/10/2025 ↘︎ 0.97%90d Change |
| Product Name | Neighbors Savings Account | Premier Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $1,000 |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS3.3 Android4.4 | iOS4.9 Android4.5 |
| BBB Rating | A+ | A+ |
| Important Notes | Balances up to $250,000 earn 4.30% APY. Anything above will earn 0.05% APY. | - |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Neighbors Bank | Upgrade |
|---|---|---|
| Neighbors Savings Account | Premier Savings | |
Current APY | 4.30% | 3.05% |
Trend | Stable | Stable |
Velocity (bps/mo) | -1.6 | -11.7 |
Days Since Change | 0 | 39 |
9-Month High | 4.75% | 4.14% |
9-Month Low | 4.30% | 3.05% |
Adjustments / Mo | 0.31 | 0.31 |
Volatility Score | 0.013 | 0.107 |
How to read these metrics(Click to expand)
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