Bread Savings vs. Newtek Bank
Comparing Bread Savings and Newtek Bank for high-yield savings: Bread Savings's High-Yield Savings Account pays 4.00% 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 $20 more than Bread Savings annually ($420 vs $400).
Choose Bread Savings if you're an Android user, or choose Newtek Bank if getting the best rate matters most.
| Metric | Bread SavingsHigh-Yield Savings Account Mar 24, 2026 | Newtek BankPersonal High Yield Savings Mar 24, 2026 |
|---|---|---|
| APY | 4.00% | 4.20% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $100 | $0.01 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat 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 Bread Savings 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 minimum deposit of just $0.01 and has no maintenance fees, providing better returns on both small and large deposits compared to Bread Savings. While Bread Savings features a High-Yield Savings Account with an APY of 4.00%, it is noted for its superior mobile app experience. Both accounts are online-only, and neither requires direct deposit, making them accessible options 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 Bread Savings?
- ✓Higher rated Android app (4.7 vs 4.0)
Why Newtek Bank?
- ✓Higher potential APY (4.20% vs 4.00%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Newtek BankNewtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $420 vs $400/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $1000/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
Bread SavingsBread Savings offers an iOS app rated 4.7 (vs. 4.5) and Android app rated 4.7 (vs. 4.0)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $20 more interest on a $10,000 balance than Bread Savings's High-Yield Savings Account.
*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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Bread Savings vs. Newtek Bank Savings Calculator
You earn $20 more with Newtek Bank than Bread Savings 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.
Bread Savings
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
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 $399 per year in interest.
Both Bread Savings and Newtek Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Bread Savings | Newtek Bank |
|---|---|---|
| APY | 4.00% Verified: 3/24/2026 ↘︎ 0.05%90d Change | 4.20% Verified: 3/24/2026 ↘︎ 0.15%90d Change |
| Product Name | High-Yield Savings Account | Personal High Yield Savings |
| Minimum Deposit | $100 | $0.01 |
| Min. Balance for APY | $0 | $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+ |
| Next Steps | Visit SiteVerify at Bread Savings 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 | Bread Savings | Newtek Bank |
|---|---|---|
| High-Yield Savings Account | Personal High Yield Savings | |
Current APY | 4.00% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.6 | -1.1 |
Days Since Change | 67 | 46 |
12-Month High | 4.40% | 4.45% |
12-Month Low | 4.00% | 4.20% |
Adjustments / Mo | 0.66 | 0.16 |
Volatility Score | 0.031 | 0.014 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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More Comparisons
Compare Bread Savings' APY of 4.00% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Bread Savings vs Ally Bank | 3.20% | $0 |
| Bread Savings vs American Express | 3.20% | $0 |
| Bread Savings vs Axos Bank | 4.21% | $0 |
| Bread Savings vs Barclays | 3.85% | $0 |
| Bread Savings vs Capital One | 3.20% | $0 |
| Bread Savings vs Chime | 3.00% | $0 |
| Bread Savings vs CIT Bank | 3.75% | $100 |
| Bread Savings vs Discover Bank | 3.30% | $0 |
| Bread Savings vs EverBank | 3.90% | $0 |
| Bread Savings vs Marcus by Goldman Sachs | 3.65% | $0 |
| Bread Savings vs Openbank | 4.09% | $500 |
| Bread Savings vs Pibank | 4.60% | $0 |
| Bread Savings vs SoFi Bank | 4.00% | $0 |
| Bread Savings vs Synchrony Bank | 3.50% | $0 |
| Bread Savings vs Varo Bank | 5.00% | $0 |
| Bread Savings vs Wealthfront | 4.20% | $0 |