High-Yield Savings Account Comparison

Neighbors Bank vs. Varo Bank

Compare rates, requirements, and features side-by-side to find the best option for you.

Analysis by Aviel Fahl

Updated December 6, 2025

Advertising Disclosure: We may earn a commission from partner links.

Neighbors Bank

Neighbors Savings Account

4.50%

APY

Dec 6, 2025

FDIC InsuredNo MinimumsGreat Android AppIn-Person Access

Show Fine Print & Trends

Min. Deposit	$0
Min. Balance	$0
Maintenance Fee	$0
Compound Freq	N/A
Direct Deposit	Not required
Branch Access	One location in Columbia, Missouri
Deposit Insurance	FDIC Insured(Cert: 16247)
Eligibility	Not available in Delaware.
Mobile Ratings	iOS:3.3 Android:4.4
BBB Rating	A+(BBB Accredited)

Important Note

Balances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY.

Rate Stability

Rate Adjusted

-0.10%

Since 90 days ago

Read Bank Overview

Varo Bank

High-Yield Savings Account

Up to

5.00%

APY

Dec 5, 2025

FDIC InsuredDirect Deposit ReqChecking BundleNo MinimumsGreat iOS AppGreat Android App

Range: 2.50% – 5.00%

Show Fine Print & Trends

Min. Deposit	$0
Min. Balance	$0.01
Maintenance Fee	$0
Compound Freq	Daily
Direct Deposit	Required (Min. $1,000/month)
Deposit Insurance	FDIC Insured(Cert: 59190)
Eligibility	United States
Mobile Ratings	iOS:4.9 Android:4.6
BBB Rating	A(BBB Accredited)

Important Note

Earn 5.00% APY on up to $5,000 and 2.50% APY on the rest. A Varo bank account & direct deposit required.

Rate Stability

Very StableNo rate changes in last 90 days

Read Bank Overview

Comparison Analysis

Comparing Neighbors Bank vs. Varo Bank

Updated: Dec 6, 2025

Why Neighbors Bank?

✓No checking account or direct deposit required
✓Physical branch access (One location in Columbia, Missouri)

Why Varo Bank?

✓Higher potential APY (5.00% vs 4.50%) on balances up to $5,000 (requires checking bundle & direct deposit)
✓Higher rated iOS app (4.9 vs 3.3)
✓Available Nationwide

— Key Feature Differences —

Better Returns at $10,000

Neighbors Bank

Neighbors Bank's Neighbors Savings Account earns more on smaller deposits (approx. $450 vs $375/yr).

Better Returns at $25,000

Neighbors Bank

Neighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1125 vs $750/yr).

Best for Simplicity

Neighbors Bank

Neighbors Bank's Neighbors Savings Account offers 4.50% APY with no bundling, direct deposit requirement or caps.

Best Mobile App Experience

Varo Bank

Varo Bank offers an iOS app rated 4.9 (vs. 3.3) and Android app rated 4.6 (vs. 4.4)

Shared Benefits

Both offer monthly maintenance-free account options Both banks have options with $0 opening deposit Available to New & Existing Customers

The Bottom Line

Over a 1-year period, Neighbors Bank's Neighbors Savings Account pays $75 more interest on a $10,000 balance than Varo Bank's High-Yield Savings Account.

Varo BankNeighbors Bank

Automated Data Audit

Executive Summary

Varo Bank's High-Yield Savings Account offers a competitive 5.00% APY on balances up to $5,000, with a lower rate of 2.50% on amounts exceeding that limit. However, it requires a direct deposit of at least $1,000 per month and a Varo bank account. In contrast, Neighbors Bank's Neighbors Savings Account provides a solid 4.50% APY on balances up to $250,000 with no direct deposit requirement, making it a simpler option for savers. While Varo Bank excels in its mobile app experience, Neighbors Bank stands out for those who prefer fewer conditions.

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.

ExploreNeighbors Bank ExploreVaro Bank

Feature	Neighbors Bank	Varo Bank
APY	4.50% Verified: 12/6/2025 ↘︎ 0.10%90d Change	5.00% Range: 2.50% - 5.00% Verified: 12/5/2025 Stable (90d)
Product Name	Neighbors Savings Account	High-Yield Savings Account
Minimum Deposit	$0	$0
Min. Balance for APY	$0	$0.01
Monthly Fee	$0	$0
Branch Access	Yes	None
Account Type	Online & Branches	Online Only
Direct Deposit Req.	None	RequiredMin. $1,000/month
Checking Bundle	No	Yes
Mobile Apps	iOS3.3 Android4.4	iOS4.9 Android4.6
BBB Rating	A+	A
Important Notes	Balances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY.	Earn 5.00% APY on up to $5,000 and 2.50% APY on the rest. A Varo bank account & direct deposit required.
Next Steps	- View Details	- View Details

Savings Comparison

Calculations based on current APY.

Initial Deposit

Recurring Deposit

Frequency

Duration

Neighbors Bank earns $548.7 more than Varo Bank.

Neighbors Bank

Neighbors Savings Account

4.50% APY

Savings Breakdown

Interest Earned
+$2,760.10(13.3%)
Total Contributions
$13,000
Initial Deposit
$5,000

Projected Balance

$20,760.10

Effective APY

4.50%

View Details

Varo Bank

High-Yield Savings Account

5.00% APY

5.00% on first $5,000 and 2.50% thereafter.

Savings Breakdown

Interest Earned
+$2,211.40(10.9%)
Total Contributions
$13,000
Initial Deposit
$5,000

Projected Balance

$20,211.40

Effective APY

3.65%

View Details

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

📈 Compare Savings Rates Over Time

Historical Performance

Last 9 Months Analysis

Metric	Neighbors Bank	Varo Bank
	Neighbors Savings Account	High-Yield Savings Account
Current APYMost recent advertised annual-percentage yield.	4.50%	5.00%
TrendDirection over the last 9 months (regression slope).	Stable	Stable
Velocity (bps/mo)Average monthly change; 10 bps = 0.10 pp.	-1.5	0.0
Days Since ChangeRecency of the latest APY adjustment.	53	283
9-Month HighHighest APY in the last 283 days.	4.75%	5.00%
9-Month LowLowest APY in the last 283 days.	4.50%	5.00%
Adjustments / MoTypical number of APY moves per month.	0.21	0.00
Volatility ScoreCoefficient of variation (stdev ÷ mean). Lower is more stable.	0.012	0.000

How to read these metrics(Click to expand)

Trends & Velocity

Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
Adjustments/Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

High/Low: The absolute ceiling and floor of the rate during the 283-day window.
Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

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APY

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Comparing against other Bundled Accounts

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4.31%

APY

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4.30%

APY

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4.00%

APY

More Comparisons

Compare Neighbors Bank's APY of 4.50% with other banks

Bank Pair	Competitor APY	Min Deposit
Neighbors Bank vs Ally Bank	3.30%	$0
Neighbors Bank vs American Express	3.40%	$0
Neighbors Bank vs Axos Bank	4.31%	$0
Neighbors Bank vs Bank of America	0.01%	$100
Neighbors Bank vs Barclays	4.00%	$0
Neighbors Bank vs Bask Bank	3.90%	$0
Neighbors Bank vs BMO Alto	3.25%	$0
Neighbors Bank vs BrioDirect	4.00%	$5,000
Neighbors Bank vs Capital One	3.40%	$0
Neighbors Bank vs Chase Bank	0.01%	$0
Neighbors Bank vs Chime	3.50%	$0
Neighbors Bank vs CIT Bank	3.75%	$100
Neighbors Bank vs Citibank	3.30%	$0
Neighbors Bank vs Citizens Access™	3.35%	$0.01
Neighbors Bank vs Climate First Bank	4.21%	$50
Neighbors Bank vs Discover Bank	3.40%	$0
Neighbors Bank vs Elevault	4.08%	$0
Neighbors Bank vs EverBank	4.05%	$0
Neighbors Bank vs Fitness Bank	4.75%	$100
Neighbors Bank vs FNBO Direct	3.00%	$1
Neighbors Bank vs Forbright Bank	4.00%	$0
Neighbors Bank vs FVCbank	3.85%	$500
Neighbors Bank vs GO2bank	4.50%	$0
Neighbors Bank vs Ivy Bank	4.25%	$2,500
Neighbors Bank vs LendingClub	4.20%	$0
Neighbors Bank vs Marcus by Goldman Sachs	3.65%	$0
Neighbors Bank vs Newtek Bank	4.35%	$0.01
Neighbors Bank vs Openbank	4.20%	$500
Neighbors Bank vs Peak Bank	4.20%	$100
Neighbors Bank vs Pibank	4.60%	$0
Neighbors Bank vs PNC	3.53%	$0
Neighbors Bank vs Presidential Bank	4.00%	$5,000
Neighbors Bank vs Quontic Bank	3.75%	$100
Neighbors Bank vs Salem Five Direct	3.71%	$10
Neighbors Bank vs Santander Bank	0.01%	$25
Neighbors Bank vs SoFi Bank	4.30%	$0
Neighbors Bank vs Synchrony Bank	3.65%	$0
Neighbors Bank vs TIMBR	4.40%	$1,000
Neighbors Bank vs UFB Direct	3.71%	$5000
Neighbors Bank vs Valley Direct	4.10%	$1,000
Neighbors Bank vs Vio Bank	4.16%	$100
Neighbors Bank vs Wealthfront	4.15%	$0
Neighbors Bank vs Wells Fargo	0.05%	$25
Neighbors Bank vs Zynlo Bank	4.05%	$10

Compare Varo Bank's APY of 5.00% with other banks

Bank Pair	Competitor APY	Min Deposit
Varo Bank vs Ally Bank	3.30%	$0
Varo Bank vs American Express	3.40%	$0
Varo Bank vs Axos Bank	4.31%	$0
Varo Bank vs Bank of America	0.01%	$100
Varo Bank vs Barclays	4.00%	$0
Varo Bank vs Bask Bank	3.90%	$0
Varo Bank vs BMO Alto	3.25%	$0
Varo Bank vs BrioDirect	4.00%	$5,000
Varo Bank vs Capital One	3.40%	$0
Varo Bank vs Chase Bank	0.01%	$0
Varo Bank vs Chime	3.50%	$0
Varo Bank vs CIT Bank	3.75%	$100
Varo Bank vs Citibank	3.30%	$0
Varo Bank vs Citizens Access™	3.35%	$0.01
Varo Bank vs Climate First Bank	4.21%	$50
Varo Bank vs Discover Bank	3.40%	$0
Varo Bank vs Elevault	4.08%	$0
Varo Bank vs EverBank	4.05%	$0
Varo Bank vs Fitness Bank	4.75%	$100
Varo Bank vs FNBO Direct	3.00%	$1
Varo Bank vs Forbright Bank	4.00%	$0
Varo Bank vs FVCbank	3.85%	$500
Varo Bank vs GO2bank	4.50%	$0
Varo Bank vs Ivy Bank	4.25%	$2,500
Varo Bank vs LendingClub	4.20%	$0
Varo Bank vs Marcus by Goldman Sachs	3.65%	$0
Varo Bank vs Newtek Bank	4.35%	$0.01
Varo Bank vs Openbank	4.20%	$500
Varo Bank vs Peak Bank	4.20%	$100
Varo Bank vs Pibank	4.60%	$0
Varo Bank vs PNC	3.53%	$0
Varo Bank vs Presidential Bank	4.00%	$5,000
Varo Bank vs Quontic Bank	3.75%	$100
Varo Bank vs Salem Five Direct	3.71%	$10
Varo Bank vs Santander Bank	0.01%	$25
Varo Bank vs SoFi Bank	4.30%	$0
Varo Bank vs Synchrony Bank	3.65%	$0
Varo Bank vs TIMBR	4.40%	$1,000
Varo Bank vs UFB Direct	3.71%	$5000
Varo Bank vs Valley Direct	4.10%	$1,000
Varo Bank vs Vio Bank	4.16%	$100
Varo Bank vs Wealthfront	4.15%	$0
Varo Bank vs Wells Fargo	0.05%	$25
Varo Bank vs Zynlo Bank	4.05%	$10