Newtek Bank High Yield Savings Account: 4.45% APY (Nationwide)

Available nationwide, Newtek Bankt is offers 4.45% APY on your funds by when you fund a High Yield Savings Account.

Update 2/20/25: The rate has decreased to 4.45% APY from 4.90%.

About Newtek Bank

Why Newtek Bank? They’re not reimagining banking. They’re redefining it.

Same offerings, different wording. Turns out reimagining banking doesn’t actually help businesses succeed. But redefining banking to provide businesses with the tools and services needed to accelerate their growth does.

That’s why they’ve created an institution that goes beyond banking to provide core solutions that enhance your bottom line. They are your partner for all things business.

Newtek Bank High Yield Savings Account

Here is your opportunity to earn a competitive rate on your funds. Open the account with any balance to start earning interest today!

• Account Type: High Yield Savings Account
• Rate Offer: 4.45% APY Rate
• Availability: Nationwide, Online
• Minimum Balance: None
• Maximum Balance: None
• Credit Inquiry: Hard Pull or Soft Pull? Let us know.
• Credit Funding: Unknown
• Monthly Fee: None
  
• Early Termination Fee: None listed

(FDIC Insured)

Newtek Bank Bank ACH Capabilities & Limits

Editor’s Note: Help us with the table above in the comment section if you have experience with Newtek Bank’s ACH capabilities.

Account Rates

Newtek Bank Savings Account Benefits

• No Minimum Balance. Open an account in as little as 2 minutes with no minimum deposit required.
• No Monthly Fees. Monthly service fees are a thing of the past.
• No hidden fees. No service charges or transaction fees.
• Easy Online Account Management. Access your account details any time, anywhere on our digital platform.
• Easy to Open. Open your savings account online in as little as 2 minutes.
• FDIC-Insured. Newtek Bank N.A. is a member of the FDIC. Your deposits are insured up to the maximum amount allowed by law, which is currently $250,000.

Author’s Verdict

If you’re looking for a savings account with a great return rate, consider Newtek Bank! If you know of any account similar to this or better, please let us know by commenting below!

In addition to the current rate from Newtek Bankt, you can also take advantage of a range of great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.

If you happen to know whether this account incurs a hard/soft pull, please let us know. Let us know about your thoughts and experience with this account! Be sure to check back on BankDealGuy for more bank rates!