Capital One vs. Newtek Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Capital One
360 Performance Savings
3.40%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Capital One
360 Performance Savings
Newtek Bank
Personal High Yield Savings
4.35%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Newtek Bank
Personal High Yield Savings
Comparison Analysis
Comparing Capital One vs. Newtek Bank
Why Capital One?
- ✓Physical branch access (Over 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C.)
- ✓Higher rated iOS app (4.9 vs 4.5)
- ✓Higher rated Android app (4.5 vs 4.2)
Why Newtek Bank?
- ✓Higher potential APY (4.35% vs 3.40%) 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 $340/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1087 vs $850/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
Capital OneCapital One offers an iOS app rated 4.9 (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 $95 more interest on a $10,000 balance than Capital One's 360 Performance Savings.
Executive Summary
Newtek Bank offers a competitive Personal High Yield Savings account with an APY of 4.35%, making it the winner in this comparison. This account is online-only and requires a minimum deposit of just $0.01, with no maintenance fees or direct deposit requirements, providing a straightforward savings option. In contrast, Capital One's 360 Performance Savings account offers a lower APY of 3.40% and also has no minimum deposit or maintenance fees. However, it is not exclusively online, which may appeal to some customers. Overall, 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.
Top Market Contenders
See who beats both Capital One and Newtek Bank.
| Feature | Capital One | Newtek Bank |
|---|---|---|
| APY | 3.40% Verified: 12/6/2025 ↘︎ 0.10%90d Change | 4.35% Verified: 12/6/2025 Stable (90d) |
| Product Name | 360 Performance Savings | Personal High Yield Savings |
| Minimum Deposit | $0 | $0.01 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.5 | iOS4.5 Android4.2 |
| BBB Rating | A+ | A+ |
| Next Steps |
Savings Comparison
Newtek Bank earns $611.5 more than Capital One.
Capital One
360 Performance Savings
Savings Breakdown
- Interest Earned+$2,050.50(10.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,050.50
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.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Capital One | Newtek Bank |
|---|---|---|
| 360 Performance Savings | Personal High Yield Savings | |
Current APY | 3.40% | 4.35% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.6 | -1.4 |
Days Since Change | 66 | 239 |
10-Month High | 3.80% | 4.55% |
10-Month Low | 3.40% | 4.35% |
Adjustments / Mo | 0.38 | 0.19 |
Volatility Score | 0.033 | 0.014 |
How to read these metrics(Click to expand)
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