Neighbors Bank vs Wells Fargo
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of Neighbors Bank vs. Wells Fargo
As of September 5, 2025 Neighbors Bank offers an APY of 4.60% for its Neighbors Savings Account, with a minimum balance of $0, compared to Wells Fargo's 2.51% APY for its Platinum Savings account, with a minimum balance of $1,000,000.
Neighbors Bank yields $455 more than Wells Fargo on a $10,000 balance after one year. Neighbors Bank pays $460, while Wells Fargo pays $5 (with an effective APY of 0.05%) - an APY advantage for Neighbors Bank.
In addition, Wells Fargo also offers 0.01% APY for the Way2Save Savings account.
Neighbors Bank
Strengths
- Neighbors Bank offers a higher APY of 4.60% for balances up to $250,000.
- No maintenance fees or minimum balance required for Neighbors Savings Account.
- Neighbors Bank has an A+ BBB rating, indicating better trustworthiness.
Potential Drawbacks
- Neighbors Bank has only one branch location in Columbia, Missouri.
- Neighbors Bank has a lower App Store rating of 3.3 compared to Wells Fargo.
- Not BBB Accredited, despite the A+ rating.
Wells Fargo
Strengths
- Wells Fargo has a wide network with branches in 36 states and Washington, D.C.
- Wells Fargo's App Store rating is high at 4.9, indicating user satisfaction.
- Offers multiple savings accounts, including the Way2Save Savings account.
Potential Drawbacks
- Wells Fargo has a lower APY of 2.51% for high balances compared to Neighbors Bank.
- Maintenance fees apply to the Platinum Savings account unless conditions are met.
- Wells Fargo has an F BBB rating, indicating significant trust issues.
Summary: Neighbors Bank provides a significantly higher APY of 4.60% with no maintenance fees, while Wells Fargo offers a broader branch network and higher app ratings. However, Wells Fargo's savings account yields are lower, and its BBB rating is poor at F. Neighbors Bank's single location may limit accessibility compared to Wells Fargo's extensive presence.
Compare Neighbors Bank's vs Wells Fargo's Savings Accounts
| Neighbors Bank | Wells Fargo | |||
|---|---|---|---|---|
| Product | Neighbors Savings Account | vs | Way2Save Savings | Platinum Savings |
| APY | 4.60% (as of 9/5/2025) | 0.01% (as of 9/5/2025) | 0.05% - 2.51% (as of 9/5/2025) | |
| 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 4.60% APY. Anything above will earn 0.05% APY. | This is a tiered savings account where rates vary based on the balance. The 2.51% 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+ | F | ||
Comparative Historical APY Insights (Last 2 Months)
| Neighbors Bank | Wells Fargo | |||
|---|---|---|---|---|
| Product | Neighbors Savings Account | vs | Platinum Savings | Way2Save Savings |
| Latest APY | 4.60 % | 2.51 % | 0.01 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -0.0 | 0.0 | 0.0 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.00 | |
| Days Since Last Change | 51 | 52 | 51 | |
| High (-2 m) | 4.60 % | 2.51 % | 0.01 % | |
| Low (-2 m) | 4.60 % | 2.51 % | 0.01 % | |
| Draw-down from High | 0.0 % | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 2 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 (-2 m)
- Highest APY in the last 52 days.
- Low (-2 m)
- Lowest APY in the last 52 days.
- Draw-down from High
- How far today sits below the 2-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.
Calculate Savings Growth for Neighbors Bank vs Wells Fargo
All calculations are based on APY.
Neighbors Bank
APY: 4.60%
Total savings breakdown:
- Interest earned: $2,825.8 (13.57%)
- Total contributions: $13,000 (62.42%)
- Initial deposit: $5,000 (24.01%)
Your total balance
$20,825.80
Effective APY: 4.60% (based on your deposit and contributions)
Total balance: $20,825.8
Earnings: $2,825.8
Bank OverviewWells Fargo
APY: 2.51%
⚠️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 OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Neighbors Bank's total earnings would be $2,797.2 higher than Wells Fargo's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Neighbors Bank's APY of 4.60% with other banks
Compare Wells Fargo's APY of 2.51% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Wells Fargo vs Ally Bank | 3.50% | $0 |
| Wells Fargo vs American Express | 3.50% | $0 |
| Wells Fargo vs Axos Bank | 4.46% | $0 |
| Wells Fargo vs Bank of America | 0.01% | $100 |
| Wells Fargo vs Barclays | 4.10% | $0 |
| Wells Fargo vs BrioDirect | 4.30% | $5,000 |
| Wells Fargo vs Capital One | 3.50% | $0 |
| Wells Fargo vs Chase Bank | 0.01% | $0 |
| Wells Fargo vs Chime | 3.75% | $0 |
| Wells Fargo vs CIT Bank | 4.00% | $100 |
| Wells Fargo vs Discover Bank | 3.50% | $0 |
| Wells Fargo vs Elevault | 4.60% | $0 |
| Wells Fargo vs EverBank | 4.30% | $0 |
| Wells Fargo vs Fitness Bank | 4.75% | $100 |
| Wells Fargo vs FVCbank | 4.35% | $500 |
| Wells Fargo vs GO2bank | 4.50% | $0 |
| Wells Fargo vs Marcus by Goldman Sachs | 3.65% | $0 |
| Wells Fargo vs Newtek Bank | 4.35% | $0 |
| Wells Fargo vs Peak Bank | 4.35% | $100 |
| Wells Fargo vs Pibank | 4.60% | $0 |
| Wells Fargo vs Presidential Bank | 4.50% | $5,000 |
| Wells Fargo vs Santander Bank | 0.03% | $25 |
| Wells Fargo vs SoFi Bank | 3.80% | $0 |
| Wells Fargo vs Synchrony Bank | 3.80% | $0 |
| Wells Fargo vs TIMBR | 4.40% | $1,000 |
| Wells Fargo vs UFB Direct | 4.21% | $5000 |
| Wells Fargo vs Varo Bank | 5.00% | $0 |
| Wells Fargo vs Zynlo Bank | 4.35% | $10 |