Neighbors Bank is based in Missouri and offers a competitive high-yield online savings account. Founded in 1945, the bank has developed a niche lending to first-time home buyers in 49 states using industry-leading technology.
Neighbors Bank’s high-yield online savings account offers an attractive APY, no monthly service fee, and deposits and withdrawals through ACH. Neighbors Bank offers mobile apps for iOS and Android and a convenient online banking platform.
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Savings Rates
i had spoken to the Mgr and they will hold 1.7 % rates for new account holders Neighbors Bank suspended new accounts for the 1.7 % rates back in May 2020 until further notice.
Setting up accounts are easy and sending money to your account is 3 day fast as long as you use your neighbors account for the transfer, and up to 50,000 a day if you need to. I am not going to say much more until i have been a customer for awhile but so far i have a good feeling about this bank. Workers at this bank respond quickly with answers to questions.
Easy Opening
Process is simple and smooth. Hopefully they hold the rate of 1.7% on this account for a while.
Very Disappointed
Highly do NOT recommend Neighbors Bank. I’ve tried everything I can to get ahold of them and request a new loan officer (as I was not getting any answers or questions met)...made some phone calls and his boss called me back out of obligation. Said he was taking over and I could email and text the same email given and phone number and I still haven’t heard back weeks later. Absolutely horrible experience with multiple employees, I’m very disappointed in Neighbors Bank.
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 16247 |
| Year Established | 1945 |
| Employees | 95 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 5.84% |
| Return on Equity - YTD | 49.33% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $80.5MM$31.6MM |
| Loans | Q4 2020vs Q4 2019 | $28.1MM$18.5MM |
| Deposits | Q4 2020vs Q4 2019 | $69.2MM$26.8MM |
| Equity Capital | Q4 2020vs Q4 2019 | $10.0MM$4.4MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $130.00K$111.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $17.00K$19.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |