Newtek Bank Certificate of Deposit
Savers who can confirm current rates directly with Newtek before committing $2,500 or more.
Anyone needing transparent, immediately verifiable CD rates and terms online.
We can't give this CD a fair rating right now — and that's the honest takeaway. The product page is down (404), VERIFIED_APY was not supplied, and no rate data could be extracted from the page text. What we do know: Newtek requires a $2,500 minimum deposit, caps accounts at $250,000, and imposes early withdrawal penalties of an unspecified amount. With the Fed Funds Rate sitting at 3.63%, the CD market remains competitive, and top-yielding CDs in our database are clustering well above that benchmark for short and mid-term maturities. Without a confirmed APY, we cannot tell you whether Newtek is above, at, or below the category average — and that matters when you're locking money up. Until the product page is restored and a rate is confirmed, we recommend treating this listing as incomplete. Call Newtek directly at 888-681-7238 to get current APY quotes before making any commitment. We will update this review as soon as rate data becomes available.
Confirm the rate and term are still available. Review the early-withdrawal penalty in the fee schedule — it can erase months of interest.
Jun 14, 2026
SwitchWize Research Desk · methodology
- No monthly maintenance fee
- FDIC insured up to $250,000
- Opening deposit required: $2,500
| Term | APY |
|---|---|
| 6 months | 4.00% |
| 1 year | 4.00% |
| 1.5 years | 3.90% |
| 2 years | 3.80% |
| 3 years | 3.80% |
| 5 years | 2.00% |
The dedicated CD page is currently returning a 404 error. Prospective customers can call 888-681-7238, visit the general open-account page at newtekbank.com/open-account, or navigate directly to the personal or business CD sub-pages linked in the site footer.
We can't give this CD a fair rating right now — and that's the honest takeaway. The product page is down (404), VERIFIED_APY was not supplied, and no rate data could be extracted from the page text. What we do know: Newtek requires a $2,500 minimum deposit, caps accounts at $250,000, and imposes early withdrawal penalties of an unspecified amount. With the Fed Funds Rate sitting at 3.63%, the CD market remains competitive, and top-yielding CDs in our database are clustering well above that benchmark for short and mid-term maturities. Without a confirmed APY, we cannot tell you whether Newtek is above, at, or below the category average — and that matters when you're locking money up. Until the product page is restored and a rate is confirmed, we recommend treating this listing as incomplete. Call Newtek directly at 888-681-7238 to get current APY quotes before making any commitment. We will update this review as soon as rate data becomes available.
What happens if I withdraw from a CD early?
Most CDs charge an early-withdrawal penalty — typically 60 to 150 days of interest depending on the term. Breaking a 12-month CD at month 3 with a 90-day penalty can reduce your effective yield to near zero. Always read the fee schedule before opening.
Is a CD FDIC insured?
Yes. Certificates of deposit at FDIC-member banks are insured up to $250,000 per depositor. The fixed rate and FDIC coverage make CDs one of the safest places to hold cash you can afford to leave untouched for the full term.
What is a CD ladder?
A CD ladder splits your savings across multiple CDs with staggered maturities — for example, 3-month, 6-month, and 12-month terms. As each CD matures, you reinvest at the current rate, giving you the higher rates of longer terms and regular access to a portion of your cash.
Can the CD rate change after I open it?
No. The APY on a standard CD is locked at the opening rate for the full term. This is the main advantage over a high-yield savings account: you know exactly what you will earn, regardless of future Fed rate cuts.
Rates are sourced from Bankrate and verified by SwitchWize. SwitchWize may earn a referral fee when you click through to a partner. Content is for informational purposes only and does not constitute financial advice. Verify current rates directly with the institution before opening an account.