Neighbors Bank


Overview / Commentary
833-514-4190
109 East St
Columbia, MO 63437

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

Neighbors Bank Increased To 5.30% APY (New Account Sign-Ups Still Suspended) - 11/8/2023

For anyone like me who still has a Neighbors Bank savings account, the rate was increased today to 5.31% APY. The prior rate was 5.21% APY. A minimum balance of $25,000 is still required to get the 5.30% APY, and as of this writing, Neighbors Bank has still suspended new account sign-ups. If balance falls below $25,000, the rate is 0.50% APY.

Neighbors Bank Savings Account Increased To 5.21% APY - 8/1/2023

For anyone like me who still has an account at Neighbors Bank, they raised the savings account rate from 5.02% to 5.21% APY. A $25,000 minimum balance is required to get the rate. If balance falls below $25,000, the rate is 0.50% APY. Neighbors Bank is still not accepting new applications for the savings account. Also, Neighbors Bank is still enforcing Regulation D. Neighbors Bank maintained one of the highest savings account rates during the zero interest pandemic days, never falling below 0.70% APY.

Neighbors Bank Savings Account Increased To 5.01% APY For $25,000+ - 5/27/2023

For anyone like myself who still has money in the Neighbors Bank Savings Account, the rate went up today to 5.01% APY for balances $25,000+. The APY will be paid on the entire balance. The APR is 4.90%. As of this writing, Neighbors Bank is still not open to new sign-ups. Neighbors Bank maintained one of the highest APY's during the zero-interest-rate period, bottoming out at 0.70% APY.

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A True Neighbor

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!!

Great Customer Service

Posted by: |

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.

Horrible Experience

We are out THOUSANDS because of your company. There was so much back and forth over these 10 weeks. We were even told we were approved and then got a call saying it was denied over something that should have been seen by them FROM THE BEGINNING! We got the clear to close, paid the closing costs, and had it all ripped away in an instant. We feel like we were scammed by this awful company! Why on earth would they tell us we are approved and give us the clear to close then slap us with a denial THE DAY BEFORE CLOSING?!?! We are filing a formal complaint to the BBB and possibly pursuing legal action after talking to my lawyer. We put in an offer on June 19th on this house, and august 31st they denied it. So much money and time wasted. We were packed, had utilities switched to our name, paid closing costs, escrow….everything. All of it for NOTHING! It should have never made it this far. I don’t recommend an internet lender ever because they don’t care about you at all.

Extremely Easy On All Fronts

Posted by: |

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!

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Health
C+
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, and a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #16247
Year Established1945
Employees161
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-5.95%
Return on Equity - YTD-39.85%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$66.2MM$61MM
LoansQ3 2023vs Q3 2022$41.2MM$28.6MM
DepositsQ3 2023vs Q3 2022$54.2MM$47.9MM
Equity CapitalQ3 2023vs Q3 2022$9.7MM$11.2MM
Loan Loss AllowanceQ3 2023vs Q3 2022$182K$182K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$69K$173K
Real Estate OwnedQ3 2023vs Q3 2022$280K$0
Rates

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

Locations


Neighbors Bank Locations
Clarence State Bank101 E Chestnut StClarence, MO 63437

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.