Neighbors Bank


Overview / Commentary
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.

Related Posts

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"

No Limit On Savings Account Withdrawals - 6/2/2020

Message from Neighbors Bank about its online savings account, “There is a federal regulation on savings withdrawals that has been suspended at this time due to the new care act. There is not a limit currently.”

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Reviews (2)

Savings Rates

Posted by: |

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

Posted by: |

Process is simple and smooth. Hopefully they hold the rate of 1.7% on this account for a while.



Health
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 Established1945
Employees77
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD6.51%
Return on Equity - YTD55.88%
Annual Interest Income$835.00K
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$78.5MM$31.1MM
LoansQ3 2020vs Q3 2019$38.8MM$12.4MM
DepositsQ3 2020vs Q3 2019$68.1MM$26.6MM
Equity CapitalQ3 2020vs Q3 2019$9.1MM$4.2MM
Loan Loss AllowanceQ3 2020vs Q3 2019$130.00K$131.00K
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$18.00K$0
Real Estate OwnedQ3 2020vs Q3 2019$0$0
Rates

Sorry, we do not have rate data for Neighbors Bank.

Locations


Neighbors Bank Locations
Clarence State Bank101 East ChestnutClarence, MO 63437

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