Neighbors Bank

Overview / Commentary

www.neighborsbank.com

833-514-4190

1801 Westfall Drive, Suite 105
Columbia, MO 65202

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.

Rate Drop For Neighbors Bank Savings Account - 2/16/2021

For anyone with a Neighbors Bank Savings Account, here will be the new rate, effective 2/18/21. Tier 1 - If your daily balance is $25,000.00 or more, the interest rate paid on the entire balance in your account will be 0.70%. Tier 2 - If your daily balance is $24,999.99 or less, the interest rate paid on the entire balance in your account will be 0.50%.

Big Rate Drop at Neighbors Bank To 0.95% - 11/17/2020

On 11/19/20, the Neighbors Bank savings account rate will drop from 1.45% to 0.95% APY for balances $25,000 and up.

Neighbors Bank Drops To 1.45% APY 8/5/2020 - 8/4/2020

From Neighbors Bank: "Due to evolving market conditions, our savings rate will change from 1.70% APY to 1.45% APY on balances $25,000 and over, effective August 5, 2020"

View all posts from:

2021
2020

2/16 - Rate Drop For Neighbors Bank Savings Account

11/17 - Big Rate Drop at Neighbors Bank To 0.95%
8/4 - Neighbors Bank Drops To 1.45% APY 8/5/2020
6/2 - No Limit On Savings Account Withdrawals
5/27 - Neighbors Bank No Longer Opening New Savings Accounts
5/13 - Neighbors Bank Offers Nationally Available Savings Account

Reviews (11)

Extremely Easy On All Fronts

Posted by: AlexBlum | Jun 24, 2021

I have been working with Neighbors for over a year now and all the products and people have been extremely easy to work with. I have a savings account with them and also decided to close on my new home with Neighbors too. With all their transactions the process seems very straightforward and whenever I have a question their staff responds immediately and addresses any concerns.

Also it does not hurt that they seem to have very competitive rates across the board!

Comment

A True Neighbor

Posted by: lschulte1917 | Jun 9, 2021

I have never been this happy with a bank before. The customer service is incredible. Neighbors Bank has my best interest at heart AND the best interest!!

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Great Customer Service

Posted by: DiscGolfer | Jun 9, 2021

I opened a savings account with Neighbors Bank a while back and I could not be happier. Everyone there I have talked to has been super helpful. I am about to start shopping for a home and plan to use Neighbors for my mortgage as well. I definitely would recommend.

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Very Happy Customer

Posted by: RandyRaw | Jun 14, 2021

I have had a savings account here for a couple of years and am very happy with the bank. Their mortgage rates are competitive and they make it feel like they are one of your Neighbors!

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Health

Data as of Q1 2021

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Neighbors Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	16247
Year Established	1945
Employees	135
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	3.12%
Return on Equity - YTD	24.63%
Annual Interest Income	$306.00K

Assets and Liabilities
Assets	Q1 2021vs Q1 2020	$79.6MM$40.6MM
Loans	Q1 2021vs Q1 2020	$31.0MM$20.6MM
Deposits	Q1 2021vs Q1 2020	$67.8MM$32.5MM
Equity Capital	Q1 2021vs Q1 2020	$10.3MM$4.7MM
Loan Loss Allowance	Q1 2021vs Q1 2020	$130.00K$130.00K
Unbacked Noncurrent Loans	Q1 2021vs Q1 2020	$17.00K$19.00K
Real Estate Owned	Q1 2021vs Q1 2020	$0$0