Which banks pay more than Newtek Bank?

Higher-paying tracked options include a top high-yield savings account (4.10%) and another competitive bank (4.10%).

Rate updated September 17, 2026 · 64 banks tracked

Newtek Bank savings account rate: 4.20% APY

Q: What is Newtek Bank's savings account interest rate?

Newtek Bank pays 4.20% APY on its Savings Account as of September 17, 2026, based on rates SwitchWize tracks across 64 banks.

Newtek Bank pays 4.20% on its savings account — ranking in the top 10th percentile of the 64 banks SwitchWize tracks, where the best available rate is 4.10%. (Updated September 17, 2026.)

Is Newtek Bank a good savings rate? Yes. At 4.20%, Newtek Bank meets or beats the best available rate, so there is no meaningful gap to close on a $25,000 balance.

Already competitive

Newtek Bank's 4.20% meets or beats the best available rate threshold. No gap on this one.

Is it safe to switch? Any FDIC-insured bank carries the same federal deposit protection — the same coverage big banks carry. Verify Newtek Bank and alternatives →

Frequently asked questions

What is Newtek Bank's savings account interest rate?▾

Newtek Bank pays 4.20% APY on its savings account as of September 17, 2026, based on rates SwitchWize tracks across 64 banks.

Is Newtek Bank's savings rate good?▾

Newtek Bank's 4.20% ranks in the top 10th percentile of tracked banks. The best available rate is 4.10% and the FDIC national average is 0.38%.

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General information only. Rates change frequently; verify directly with the institution before making financial decisions. SwitchWize is not a bank and does not provide financial advice.