EverBank vs. Neighbors Bank
EverBank's Performance Savings pays 3.90% APY while Neighbors Bank's Neighbors Savings Account pays 4.10% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Neighbors Bank pays $20 more than EverBank annually ($410 vs $390).
Choose EverBank if you're an iPhone user, or you want Zelle for quick transfers. Choose Neighbors Bank if getting the best rate matters most.
| Metric | EverBankPerformance Savings Sep 14, 2026 | Neighbors BankNeighbors Savings Account Sep 14, 2026 |
|---|---|---|
| APY | 3.90% | 4.10% |
Earns in a year | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$205 $10,000+$410 $25,000+$1,025 |
Min. Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | Balances up to $250,000 earn the stated APY. Anything above will earn less. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingStable Rate | FDIC InsuredNo MinimumsGreat Android AppRate Changes Often |
Market Reality Check
Both of these institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.20% APY.
Comparison Analysis
Comparing EverBank vs. Neighbors Bank
Executive Summary
Neighbors Bank has offered the higher headline APY since March 30, 2026, by 20 basis points today. Neighbors Bank paid 3.33% on average on savings and money market deposits. Its savings account offers 4.1%. EverBank paid 3.32% on average on savings and money market deposits. Its savings account offers 3.9%. At a balance of $10,000, Neighbors Bank's rate remains 4.1%, while EverBank's rate is 3.9%.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why EverBank?
- No checking account or direct deposit required
- Higher rated iOS app (4.8 vs 3.3)
- Fast transfers via Zelle®
- Available Nationwide
Why Neighbors Bank?
- Higher potential APY (4.10% vs 3.90%) on all balances
Key Feature Differences
Better Returns at $10,000
Neighbors BankNeighbors Bank's Neighbors Savings Account earns more on smaller deposits (approx. $410 vs $390/yr).
Better Returns at $25,000
Neighbors BankNeighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1025 vs $975/yr).
Better for Simplicity
EverBankEverBank's Performance Savings offers 3.90% APY with no bundling, direct deposit requirement or caps.
Better Mobile App Experience
EverBankEverBank offers an iOS app rated 4.8 (vs. 3.3) and Android app rated 4.8 (vs. 4.6)
Shared Benefits
Over a 1-year period, Neighbors Bank's Neighbors Savings Account pays $20 more interest on a $10,000 balance than EverBank's Performance Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
EverBank vs. Neighbors Bank Savings Calculator
You earn $20 more with Neighbors Bank than EverBank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$390.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,390.00
Neighbors Bank
Neighbors Savings Account
Savings Breakdown
- Interest Earned+$410.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,410.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $385 a year in interest.
Both EverBank and Neighbors Bank advertise far more than that typical branch-bank rate.
| Feature | EverBank | Neighbors Bank |
|---|---|---|
| APY | 3.90% Observed: 9/14/2026 Stable over 90 days | 4.10% Observed: 9/14/2026 0.10%90-day change |
| Product Name | Performance Savings | Neighbors Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | N/A |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | 43 (CA, FL, MO, NY) | 1 (MO) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Native integration verified. | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | - | Balances up to $250,000 earn the stated APY. Anything above will earn less. |
| Next Steps | Visit SiteVerify at EverBank Non-sponsored link to official site | Visit SiteVerify at Neighbors Bank Non-sponsored link to official site |
What each bank pays on deposits
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
EverBank
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, EverBank paid a higher average rate on savings and money market deposits than 97% of banks that reported a figure (3,938 banks; FDIC call report). The all-bank median was 1.45%.
Each figure is that bank's own charter-level average across its whole deposit book, so the two are shown one after the other and are not a ranking.
Neighbors Bank
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Neighbors Bank paid a higher average rate on savings and money market deposits than 97% of banks that reported a figure (3,938 banks; FDIC call report). The all-bank median was 1.45%.
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the 3,938 banks that reported a figure for the quarter ending June 30, 2026.
CD rates, term by term
Neighbors Bank has no CD listed on Banksparency. EverBank lists 13 CD terms, from 3 to 60 months. Its highest rate is 4.10% APY on the 7-month CD. Each row below is one term, with the FDIC national average for that term beside it.
| Term | EverBank APY | FDIC average (Aug 2026) |
|---|---|---|
| 12 months | 3.50% APY$1,000 minimum | 1.71% |
| 3 months | 3.60% APY$1,000 minimum | 1.14% |
| 6 months | 3.60% APY$1,000 minimum | 1.41% |
| 7 months | 4.10% APY$1,000 minimum | 1.41%6-month average |
| 9 months | 3.40% APY$1,000 minimum | |
| 13 months | 3.60% APY$1,000 minimum | 1.71%12-month average |
| 18 months | 3.40% APY$1,000 minimum | |
| 24 months | 3.40% APY$1,000 minimum | 1.57% |
| 25 months | 3.65% APY$1,000 minimum | 1.57%24-month average |
| 30 months | 3.40% APY$1,000 minimum | |
| 36 months | 3.40% APY$1,000 minimum | 1.34% |
| 48 months | 3.40% APY$1,000 minimum | 1.27% |
| 60 months | 3.40% APY$1,000 minimum | 1.36% |
Neighbors Bank: no CD listed on Banksparency.
Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Neighbors Bank |
|---|---|---|
| Performance Savings | Neighbors Savings Account | |
Current APY | 3.90% | 4.10% |
Trend | Stable | Stable |
Speed of change | -0.04 | -0.07 |
Days Since Change | 269 | 131 |
12-Month High | 4.30% | 4.60% |
12-Month Low | 3.90% | 4.10% |
Changes per month | 0.16 | 0.33 |
Steadiness | 0.021 | 0.030 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 364-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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More Comparisons
Compare EverBank's APY of 3.90% with other banks
Compare Neighbors Bank's APY of 4.10% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Neighbors Bank vs Ally Bank | 3.00% | $0 |
| Neighbors Bank vs American Express | 3.00% | $0 |
| Neighbors Bank vs Axos Bank | 4.21% | $0 |
| Neighbors Bank vs Barclays | 3.65% | $0 |
| Neighbors Bank vs Capital One | 3.50% | $0 |
| Neighbors Bank vs Chime | 3.75% | $0 |
| Neighbors Bank vs CIT Bank | 3.75% | $100 |
| Neighbors Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Neighbors Bank vs Newtek Bank | 4.20% | $100 |
| Neighbors Bank vs Openbank | 3.80% | $500 |
| Neighbors Bank vs Pibank | 4.10% | $0 |
| Neighbors Bank vs SoFi Bank | 4.00% | $0 |
| Neighbors Bank vs Synchrony Bank | 3.30% | $0 |
| Neighbors Bank vs Varo Bank | 3.75% | $0 |
| Neighbors Bank vs Wealthfront | 3.95% | $0 |