With the Newtek Bank High Yield Savings account, earn a competitive 4.90% APY on your money!
Update 12/4/24: The rate has decreased to 4.90% APY from 5.25%.
Newtek Bank HighYield Savings Review
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.
I’ll review Newtek Bank High Yield Savings below.
Newtek Bank High Yield Savings Rate
To earn Newtek Bank’s competitive rate, simply open a new account with any balance. That’s all it takes and you’ll get to enjoy earning the rate.
- Eligible account: High Yield Savings
- Credit inquiry: Unknown
- Where it’s available: Nationwide
- Opening Deposit: None
- Monthly fee: None
- Early Termination Fee: None listed
(FDIC Insured)
How to Earn Rate
- Open a Newtek Bank’s High Yield Savings account with any balance to earn the 4.90% APY rate.
| Balance Requirement | APY Rate |
| $0.01+ | 4.90% APY |
Newtek Bank Account Features
- 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.
 |
 |
Conclusion
Newtek Bank is offering an incredible rate for their High Yield Savings account.
Plus, with the rate from Newtek Bank, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Lastly, let us know about your experience with this bank and comment below.
Check back often to see the latest info on Newtek Bank High Yield Savings Account.
See disclosures here.
