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.