Bread Savings vs. Newtek Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Bread Savings
High-Yield Savings Account
4.10%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Bread Savings
High-Yield Savings Account
Newtek Bank
Personal High Yield Savings
4.35%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Newtek Bank
Personal High Yield Savings
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.
Bread Savings vs. Newtek Bank Savings Calculator
Newtek Bank earns $162.6 more than Bread Savings.
Bread Savings
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,499.40(12.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,499.40
Newtek Bank
Personal High Yield Savings
Savings Breakdown
- Interest Earned+$2,662.00(12.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,662.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Bread Savings vs. Newtek Bank
Why Bread Savings?
- ✓Higher rated Android app (4.5 vs 4.2)
Why Newtek Bank?
- ✓Higher potential APY (4.35% vs 4.10%) 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. $435 vs $410/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1088 vs $1025/yr).
Best for Simplicity
Newtek BankNewtek Bank's Personal High Yield Savings offers 4.35% 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 4.5 (vs. 4.2)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $25 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.
Executive Summary
Newtek Bank offers a Personal High Yield Savings account with a competitive APY of 4.35%, 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. In contrast, Bread Savings features a High-Yield Savings Account with an APY of 4.10%, also with no maintenance fees and a minimum deposit of $100. Both accounts are online-only and do not require direct deposit, but Newtek Bank stands out for its higher APY 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.
Top Market Contenders
See who beats both Bread Savings and Newtek Bank.
| Feature | Bread Savings | Newtek Bank |
|---|---|---|
| APY | 4.10% Verified: 12/10/2025 ↘︎ 0.15%90d Change | 4.35% Verified: 12/10/2025 Stable (90d) |
| 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 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.5 | iOS4.5 Android4.2 |
| BBB Rating | A+ | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bread Savings | Newtek Bank |
|---|---|---|
| High-Yield Savings Account | Personal High Yield Savings | |
Current APY | 4.10% | 4.35% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.7 | -2.0 |
Days Since Change | 5 | 243 |
12-Month High | 4.60% | 4.90% |
12-Month Low | 4.10% | 4.35% |
Adjustments / Mo | 0.67 | 0.34 |
Volatility Score | 0.022 | 0.021 |
How to read these metrics(Click to expand)
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