Neighbors Bank vs. Wells Fargo
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of Neighbors Bank vs. Wells Fargo
Key Metrics at a Glance
| Feature | Neighbors Bank | Wells Fargo |
|---|---|---|
| Top Savings APY | 4.50% Neighbors Savings Account | 0.05% Platinum Savings |
| Minimum to Open | $0 | $25 |
| Minimum Balance for Top APY | $0 | $1,000,000 |
| Note | Balances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY. | This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. |
Neighbors Bank
Strengths
- Neighbors Bank offers a competitive 4.50% APY on its Neighbors Savings Account.
- No maintenance fees or minimum balance requirements for the Neighbors Savings Account.
- Neighbors Bank has an A+ BBB rating, indicating strong trustworthiness.
Potential Drawbacks
- Neighbors Bank's APY decreased from 4.60% in the past 30 days.
- Only one branch location in Columbia, Missouri limits accessibility.
- App Store rating is only 3.3, which may deter some customers.
Wells Fargo
Strengths
- Wells Fargo has extensive branch and ATM access across 36 states and D.C.
- Way2Save Savings account has a low minimum deposit of $25.
- Wells Fargo's Google Play rating is high at 4.8, indicating user satisfaction.
Potential Drawbacks
- Wells Fargo's Platinum Savings account offers a low APY of 0.05%.
- The Platinum Savings account requires a $1,000,000 minimum balance for the highest APY.
- Wells Fargo has a D- BBB rating, indicating significant 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 Wells Fargo's 0.05% APY for its Platinum Savings account, with a minimum balance of $1,000,000.
→ Neighbors Bank yields $445 more than Wells Fargo on a $10,000 balance after one year. Neighbors Bank pays $450, while Wells Fargo pays $5 - an APY advantage for Neighbors Bank.
→ In addition, Wells Fargo also offers 0.01% APY for the Way2Save Savings account.
Calculate Savings Growth for Neighbors Bank vs Wells Fargo
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 OverviewWells Fargo - Platinum Savings
⚠️The higher APY only applies once your balance reaches $1,000,000.
Total savings breakdown:
- Interest earned: $28.6 (0.16%)
- Total contributions: $13,000 (72.11%)
- Initial deposit: $5,000 (27.73%)
Your total balance
$18,028.60
Total balance: $18,028.6
Earnings: $28.6
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Neighbors Bank's total earnings would be $2,731.5 higher than Wells Fargo's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Neighbors Bank's vs Wells Fargo's Savings Accounts
| Neighbors Bank | Wells Fargo | |||
|---|---|---|---|---|
| Product | Neighbors Savings Account | vs | Way2Save Savings | Platinum Savings |
| APY | 4.50% (as of 10/21/2025) | 0.01% (as of 10/21/2025) | 0.05% - 0.05% (as of 10/21/2025) | |
| Bundled Account | No | No | Yes | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | No | No | No | |
| Compound Frequency | N/A | Daily | Daily | |
| Minimum Deposit | $0 | $25 | $25 | |
| Minimum Balance for APY | $0 | $0 | $1,000,000 | |
| Maintenance Fee | $0 | $5. Waived under some circumstances. | $12. Waived with $3,500 minimum daily balance. | |
| Direct Deposit Required | No | No | No | |
| Eligibility | Not available in Delaware. | United States | United States | |
| Note | Balances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY. | This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. | ||
| App Store Rating | 3.3/5 | 4.9/5 | ||
| Google Play Rating | 4.3/5 | 4.8/5 | ||
| BBB Rating | A+ | D- | ||
Comparative Historical APY Insights (Last 3 Months)
| Neighbors Bank | Wells Fargo | |||
|---|---|---|---|---|
| Product | Neighbors Savings Account | vs | Platinum Savings | Way2Save Savings |
| Latest APY | 4.50 % | 0.05 % | 0.01 % | |
| Trend | Sideways | Falling | Sideways | |
| Slope (bps/mo) | -1.4 | -35.0 | 0.0 | |
| Rate Changes / Mo | 0.30 | 0.91 | 0.00 | |
| Days Since Last Change | 7 | 4 | 98 | |
| High (-3 m) | 4.60 % | 2.51 % | 0.01 % | |
| Low (-3 m) | 4.50 % | 0.05 % | 0.01 % | |
| Draw-down from High | -2.2 % | -98.0 % | 0.0 % | |
| Volatility (CV) | 0.006 | 0.302 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 3 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 (-3 m)
- Highest APY in the last 99 days.
- Low (-3 m)
- Lowest APY in the last 99 days.
- Draw-down from High
- How far today sits below the 3-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.