High-Yield Savings Account Comparison

Ally Bank vs. Newtek Bank

Compare rates, requirements, and features side-by-side to find the best option for you.

Analysis by Aviel Fahl
Updated December 6, 2025
Advertising Disclosure: We may earn a commission from partner links.

Ally Bank

Savings Account

3.30%
APY
Dec 6, 2025
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
Show Fine Print & Trends
Min. Deposit$0
Min. Balance$0
Maintenance Fee$0
Compound FreqDaily
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 57803)
EligibilityUnited States
Mobile Ratings
iOS:4.7Android:4.4
BBB Rating
A+(Not BBB Accredited)

Rate Stability

Rate Adjusted
-0.20%
Since 90 days ago
Read Bank Overview

Newtek Bank

Personal High Yield Savings

4.35%
APY
Dec 6, 2025
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
Show Fine Print & Trends
Min. Deposit$0.01
Min. Balance$0.01
Maintenance Fee$0
Compound FreqDaily
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 18734)
EligibilityUnited States
Mobile Ratings
iOS:4.5Android:4.2
BBB Rating
A+(BBB Accredited)

Rate Stability

Very StableNo rate changes in last 90 days
Read Bank Overview

Prefer In-Person Banking?

Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.

Find Branch Access

Comparison Analysis

Comparing Ally Bank vs. Newtek Bank

Updated: Dec 6, 2025

Why Ally Bank?

No distinct advantages found vs Newtek Bank.

Why Newtek Bank?

  • ✓Higher potential APY (4.35% vs 3.30%) on all balances

— Key Feature Differences —

Better Returns at $10,000
Newtek Bank

Newtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $435 vs $330/yr).

Better Returns at $25,000
Newtek Bank

Newtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1087 vs $825/yr).

Best for Simplicity
Newtek Bank

Newtek Bank's Personal High Yield Savings offers 4.35% APY with no bundling, direct deposit requirement or caps.

Best Mobile App Experience
Ally Bank

Ally Bank offers an iOS app rated 4.7 (vs. 4.5) and Android app rated 4.4 (vs. 4.2)

Shared Benefits

Both offer monthly maintenance-free account options Available Nationwide Available to New & Existing Customers
The Bottom Line

Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $105 more interest on a $10,000 balance than Ally Bank's Savings Account.

Ally BankNewtek Bank
Automated Data Audit

Executive Summary

Newtek Bank offers a superior Personal High Yield Savings account with an APY of 4.35%, making it the winner in this comparison. This account has no minimum deposit or balance requirements and does not require direct deposit, making it accessible and straightforward for users. In contrast, Ally Bank's Savings Account provides a lower APY of 3.30% and also features no minimum deposit or balance, alongside a maintenance fee of $0. Both banks operate online only, but Newtek Bank stands out for its higher returns and simplicity.

Analysis generated based on current Banksparency database records

* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.

ExploreAlly BankExploreNewtek Bank

Top Market Contenders

See who beats both Ally Bank and Newtek Bank.

Compare All High-Yield Savings Accounts
Pibank
Pibank Savings
FDIC InsuredNo Minimums
4.60% APY
+0.25% vs Newtek Bank
Better Rate
Pibank vs Ally BankPibank vs Newtek Bank
Neighbors Bank
Neighbors Savings Account
FDIC InsuredNo MinimumsGreat Android App
4.50% APY
+0.15% vs Newtek Bank
Better Rate
Neighbors Bank vs Ally BankNeighbors Bank vs Newtek Bank
TIMBR
Premium Savings Account
FDIC InsuredLow Minimums
4.40% APY
+0.05% vs Newtek Bank
Better Rate
TIMBR vs Ally BankTIMBR vs Newtek Bank
FeatureAlly BankNewtek Bank
APY
3.30%
Verified: 12/6/2025
↘︎ 0.20%90d Change
4.35%
Verified: 12/6/2025
Stable (90d)
Product NameSavings AccountPersonal High Yield Savings
Minimum Deposit$0$0.01
Min. Balance for APY$0$0.01
Monthly Fee$0$0
Branch AccessNoneNone
Account Type
Online Only
Online Only
Direct Deposit Req.NoneNone
Checking BundleNoNo
Mobile Apps
iOS4.7
Android4.4
iOS4.5
Android4.2
BBB RatingA+A+
Next Steps
- View Details
- View Details

Savings Comparison

Calculations based on current APY.
$
$

Newtek Bank earns $674.9 more than Ally Bank.

Ally Bank

Savings Account

3.30% APY

Savings Breakdown

  • Interest Earned
    +$1,987.10(9.9%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$19,987.10

Effective APY
3.30%
View Details

Newtek Bank

Personal High Yield Savings

4.35% APY

Savings Breakdown

  • Interest Earned
    +$2,662.00(12.9%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,662.00

Effective APY
4.35%
View Details

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

📈 Compare Savings Rates Over Time

Historical Performance

Last 10 Months Analysis
MetricAlly BankNewtek Bank
Savings AccountPersonal High Yield Savings
Current APY
3.30%4.35%
Trend
 Stable Stable
Velocity (bps/mo)
-4.3-1.3
Days Since Change
36239
10-Month High
3.80%4.55%
10-Month Low
3.30%4.35%
Adjustments / Mo
0.480.19
Volatility Score
0.0390.013
How to read these metrics(Click to expand)

Trends & Velocity

  • Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
  • Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
  • Adjustments/Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

  • High/Low: The absolute ceiling and floor of the rate during the 312-day window.
  • Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
  • Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Compare Similar High-Yield Accounts

Compare Ally Bank vs...

Comparing against Standard Savings

vs Ally Bank
PibankNo Bundle Req
4.60%
APY
vs Ally Bank
Neighbors BankNo Bundle Req
4.50%
APY
vs Ally Bank
TIMBRNo Bundle Req
4.40%
APY

Compare Newtek Bank vs...

Comparing against Standard Savings

vs Newtek Bank
PibankNo Bundle Req
4.60%
APY
vs Newtek Bank
Neighbors BankNo Bundle Req
4.50%
APY
vs Newtek Bank
TIMBRNo Bundle Req
4.40%
APY

Higher Rates (With Checking)

Looking for something different? Check out these top-rated alternatives.

Checking Bundle
Axos Bank View Details
4.31%
APY
Checking Bundle
SoFi Bank View Details
4.30%
APY
Checking Bundle
Presidential Bank View Details
4.00%
APY

More Comparisons

Compare Ally Bank's APY of 3.30% with other banks
Bank PairCompetitor APYMin Deposit
Ally Bank vs American Express3.40%$0
Ally Bank vs Axos Bank4.31%$0
Ally Bank vs Bank of America0.01%$100
Ally Bank vs Barclays4.00%$0
Ally Bank vs Bask Bank3.90%$0
Ally Bank vs BMO Alto3.25%$0
Ally Bank vs BrioDirect4.00%$5,000
Ally Bank vs Capital One3.40%$0
Ally Bank vs Chase Bank0.01%$0
Ally Bank vs Chime3.50%$0
Ally Bank vs CIT Bank3.75%$100
Ally Bank vs Citibank3.30%$0
Ally Bank vs Citizens Access™3.35%$0.01
Ally Bank vs Climate First Bank4.21%$50
Ally Bank vs Discover Bank3.40%$0
Ally Bank vs Elevault4.08%$0
Ally Bank vs EverBank4.05%$0
Ally Bank vs Fitness Bank4.75%$100
Ally Bank vs FNBO Direct3.00%$1
Ally Bank vs Forbright Bank4.00%$0
Ally Bank vs FVCbank3.85%$500
Ally Bank vs GO2bank4.50%$0
Ally Bank vs Ivy Bank4.25%$2,500
Ally Bank vs LendingClub4.20%$0
Ally Bank vs Marcus by Goldman Sachs3.65%$0
Ally Bank vs Neighbors Bank4.50%$0
Ally Bank vs Openbank4.20%$500
Ally Bank vs Peak Bank4.20%$100
Ally Bank vs Pibank4.60%$0
Ally Bank vs PNC3.53%$0
Ally Bank vs Presidential Bank4.00%$5,000
Ally Bank vs Quontic Bank3.75%$100
Ally Bank vs Salem Five Direct3.71%$10
Ally Bank vs Santander Bank0.01%$25
Ally Bank vs SoFi Bank4.30%$0
Ally Bank vs Synchrony Bank3.65%$0
Ally Bank vs TIMBR4.40%$1,000
Ally Bank vs UFB Direct3.71%$5000
Ally Bank vs Valley Direct4.10%$1,000
Ally Bank vs Varo Bank5.00%$0
Ally Bank vs Vio Bank4.16%$100
Ally Bank vs Wealthfront4.15%$0
Ally Bank vs Wells Fargo0.05%$25
Ally Bank vs Zynlo Bank4.05%$10
Compare Newtek Bank's APY of 4.35% with other banks
Bank PairCompetitor APYMin Deposit
Newtek Bank vs American Express3.40%$0
Newtek Bank vs Axos Bank4.31%$0
Newtek Bank vs Bank of America0.01%$100
Newtek Bank vs Barclays4.00%$0
Newtek Bank vs Bask Bank3.90%$0
Newtek Bank vs BMO Alto3.25%$0
Newtek Bank vs BrioDirect4.00%$5,000
Newtek Bank vs Capital One3.40%$0
Newtek Bank vs Chase Bank0.01%$0
Newtek Bank vs Chime3.50%$0
Newtek Bank vs CIT Bank3.75%$100
Newtek Bank vs Citibank3.30%$0
Newtek Bank vs Citizens Access™3.35%$0.01
Newtek Bank vs Climate First Bank4.21%$50
Newtek Bank vs Discover Bank3.40%$0
Newtek Bank vs Elevault4.08%$0
Newtek Bank vs EverBank4.05%$0
Newtek Bank vs Fitness Bank4.75%$100
Newtek Bank vs FNBO Direct3.00%$1
Newtek Bank vs Forbright Bank4.00%$0
Newtek Bank vs FVCbank3.85%$500
Newtek Bank vs GO2bank4.50%$0
Newtek Bank vs Ivy Bank4.25%$2,500
Newtek Bank vs LendingClub4.20%$0
Newtek Bank vs Marcus by Goldman Sachs3.65%$0
Newtek Bank vs Neighbors Bank4.50%$0
Newtek Bank vs Openbank4.20%$500
Newtek Bank vs Peak Bank4.20%$100
Newtek Bank vs Pibank4.60%$0
Newtek Bank vs PNC3.53%$0
Newtek Bank vs Presidential Bank4.00%$5,000
Newtek Bank vs Quontic Bank3.75%$100
Newtek Bank vs Salem Five Direct3.71%$10
Newtek Bank vs Santander Bank0.01%$25
Newtek Bank vs SoFi Bank4.30%$0
Newtek Bank vs Synchrony Bank3.65%$0
Newtek Bank vs TIMBR4.40%$1,000
Newtek Bank vs UFB Direct3.71%$5000
Newtek Bank vs Valley Direct4.10%$1,000
Newtek Bank vs Varo Bank5.00%$0
Newtek Bank vs Vio Bank4.16%$100
Newtek Bank vs Wealthfront4.15%$0
Newtek Bank vs Wells Fargo0.05%$25
Newtek Bank vs Zynlo Bank4.05%$10