Barclays vs. Newtek Bank
Comparing Barclays and Newtek Bank for high-yield savings: Barclays's Tiered Savings pays 3.75% APY while Newtek Bank's Personal High Yield Savings pays 4.20% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Newtek Bank pays $55 more than Barclays annually ($420 vs $365).
Choose Barclays if you're an Android user, or choose Newtek Bank if getting the best rate matters most.
| Metric | BarclaysTiered Savings Apr 21, 2026 | Newtek BankPersonal High Yield Savings Apr 21, 2026 |
|---|---|---|
| APY | 3.65% - 3.75% | 4.20% |
Est. Earnings | $5,000+$183 $10,000+$365 $25,000+$912 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $0 | $0.01 |
Snapshot view. Rates subject to change. | ||
Terms | The 3.75% APY is only available for balances over $250,000. For lower balances, the APY is 3.65%. | - |
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppDaily CompoundingRate Changes Often |
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.
Comparison Analysis
Comparing Barclays vs. Newtek Bank
Executive Summary
Newtek Bank offers a Personal High Yield Savings account with a competitive APY of 4.20%, making it the winner in this comparison. This account requires a minimal deposit of only $0.01 and has no maintenance fees or direct deposit requirements, making it ideal for simplicity. In contrast, Barclays provides a Tiered Savings account with an APY of 3.75% for balances over $250,000, and a lower APY of 3.65% for smaller balances. While Barclays boasts a strong mobile app experience, Newtek Bank's higher APY and lower entry barrier make it the more attractive option for savers.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Barclays?
- ✓Higher rated iOS app (4.9 vs 4.5)
- ✓Higher rated Android app (4.7 vs 3.9)
Why Newtek Bank?
- ✓Higher potential APY (4.20% vs 3.75%) on all balances
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
Newtek BankNewtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $420 vs $365/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $912/yr).
Best for Simplicity
Newtek BankNewtek Bank's Personal High Yield Savings offers 4.20% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
BarclaysBarclays offers an iOS app rated 4.9 (vs. 4.5) and Android app rated 4.7 (vs. 3.9)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $55 more interest on a $10,000 balance than Barclays's Tiered Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
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Barclays vs. Newtek Bank Savings Calculator
You earn $55 more with Newtek Bank than Barclays on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Barclays
Tiered Savings
Higher APY requires $250,000
Savings Breakdown
- Interest Earned+$365.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,365.00
Newtek Bank
Personal High Yield Savings
Savings Breakdown
- Interest Earned+$420.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,420.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $364 per year in interest.
Both Barclays and Newtek Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Barclays | Newtek Bank |
|---|---|---|
| APY | 3.75% Range: 3.65% - 3.75% Verified: 4/21/2026 ↘︎ 0.25%90d Change | 4.20% Verified: 4/21/2026 ↘︎ 0.15%90d Change |
| Product Name | Tiered Savings | Personal High Yield Savings |
| Minimum Deposit | $0 | $0.01 |
| Min. Balance for APY | $250,000 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | The 3.75% APY is only available for balances over $250,000. For lower balances, the APY is 3.65%. | - |
| Next Steps | Visit SiteVerify at Barclays Non-sponsored link to official site | Visit SiteVerify at Newtek Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Barclays | Newtek Bank | |
|---|---|---|---|
| Tiered Savings | Online Savings | Personal High Yield Savings | |
Current APY | 3.75% | 3.50% | 4.20% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.4 | -2.3 | -1.3 |
Days Since Change | 6 | 60 | 74 |
12-Month High | 4.40% | 3.90% | 4.35% |
12-Month Low | 3.75% | 3.50% | 4.20% |
Adjustments / Mo | 0.58 | 0.41 | 0.08 |
Volatility Score | 0.031 | 0.022 | 0.015 |
How to read these metrics(Click to expand)
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