Newtek Bank business CD rates
Newtek Bank offers 8 business CD terms. The highest rate is 4.30% APY on the 6 months CD, which needs $2,500 to open. Rates were last checked November 9, 2026.
Rates by term
| Term | APY | Open with | Early withdrawal |
|---|---|---|---|
| 3 months | 3.50% | $2,500 | 90 days of interest |
| 6 months | 4.30% | $2,500 | 90 days of interest |
| 1 year | 4.00% | $2,500 | 180 days of interest |
| 18 months | 3.95% | $2,500 | 180 days of interest |
| 2 years | 3.75% | $2,500 | 180 days of interest |
| 3 years | 3.50% | $2,500 | 180 days of interest |
| 4 years | 1.00% | $2,500 | 180 days of interest |
| 5 years | 1.00% | $2,500 | 180 days of interest |
APY means the yearly yield with compounding. The bank can change rates on new CDs at any time. A CD you already hold keeps its rate until the term ends.
How it works
- Minimum to open
- $2,500
- Maximum deposit
- $250,000
- Interest
- Compounded daily, paid monthly
- Rate type
- Fixed
- At the end of the term
- Renews on its own; 7 days to withdraw without penalty
- Adding money later
- Not allowed
- How to open
- Online
- Deposit insurance
- Insured by the FDIC
What the bank says about early withdrawal: More than 30 days and less than 12 months 90 days' simple interest on the amount withdrawn. 12 months or more 180 days' simple interest on the amount withdrawn.
Check these before you open
- Confirm today's rate with the bank. Rates change without notice.
- Make sure your type of business can open one.
- Write down the maturity date and the number of days you get to withdraw without a penalty.
- Read the bank's account agreement.
Common questions
What are Newtek Bank's business CD rates?
3 months 3.50%, 6 months 4.30%, 1 year 4.00%, 18 months 3.95%, 2 years 3.75%, 3 years 3.50%, 4 years 1.00%, 5 years 1.00% APY, as of November 9, 2026.
How much does it cost to open a Newtek Bank business CD?
The page we read says $2,500 to open.
What if I take money out of a Newtek Bank business CD early?
The bank says: More than 30 days and less than 12 months 90 days' simple interest on the amount withdrawn. 12 months or more 180 days' simple interest on the amount withdrawn.
Where this comes from
Each fact was copied from the bank's own page. Where the bank allows it, we check it against the page again on a schedule.
- https://www.newtekbank.com/wp-content/uploads/2026/07/Deposit-Agreement-_v2_Revised-Final-05.20.26.pdf
Used for: Early withdrawal penalty, Rate type, Renewal, Adding money later, Monthly fee, How interest is paid
- https://www.newtekbank.com/business/certificate-of-deposit/
Used for: How to open
- https://www.newtekbank.com/rates-disclosure/
Used for: Deposit insurance, Rate (APY), Minimum to open, Maximum deposit