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

FeatureNeighbors BankWells 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
NoteBalances 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.
Summary: Neighbors Bank offers a significantly higher APY of 4.50% compared to Wells Fargo's 0.05%. However, Wells Fargo provides extensive branch access and a higher Google Play rating. Neighbors Bank has no maintenance fees or minimum balance requirements, while Wells Fargo's Platinum Savings requires a $1,000,000 balance for its APY. Trustworthiness is also a concern for Wells Fargo, with a D- BBB rating compared to Neighbors Bank's A+.

→ 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

All calculations are based on APY.

Neighbors Bank - Neighbors Savings Account

Top APY: 4.50%

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

Effective APY: 4.50% (based on your deposit and contributions)

Total balance: $20,760.1

Earnings: $2,760.1

Bank Overview

Wells Fargo - Platinum Savings

Top APY: 0.05%

⚠️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

Effective APY: 0.05% (based on your deposit and contributions)

Total balance: $18,028.6

Earnings: $28.6

Bank Overview

With 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 BankWells Fargo
ProductNeighbors Savings AccountvsWay2Save SavingsPlatinum 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
NoNoYes
FDIC-insured
YesYesYes
Online OnlyNoNoNo
Compound Frequency
N/ADailyDaily
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
NoNoNo
EligibilityNot available in Delaware.United StatesUnited States
NoteBalances 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 Rating3.3/54.9/5
Google Play Rating4.3/54.8/5
BBB RatingA+D-

Comparative Historical APY Insights (Last 3 Months)

Neighbors BankWells Fargo
ProductNeighbors Savings AccountvsPlatinum SavingsWay2Save Savings
Latest APY4.50 %0.05 %0.01 %
TrendSidewaysFallingSideways
Slope (bps/mo)-1.4-35.00.0
Rate Changes / Mo0.300.910.00
Days Since Last Change7498
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)0.0060.3020.000
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.

More Comparisons

Compare Neighbors Bank's APY of 4.50% with other banks
Compare Wells Fargo's APY of 0.05% with other banks