Capital One vs. Newtek Bank
Comparing Capital One and Newtek Bank for high-yield savings: Capital One's 360 Performance Savings pays 3.20% 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 $100 more than Capital One annually ($420 vs $320).
Choose Capital One if you value in-person banking, you're an Android user, or you want Zelle for quick transfers. Choose Newtek Bank if getting the best rate matters most.
| Metric | Capital One360 Performance Savings Apr 21, 2026 | Newtek BankPersonal High Yield Savings Apr 21, 2026 |
|---|---|---|
| APY | 3.20% | 4.20% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $0 | $0.01 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppDaily CompoundingRate Changes Often |
Comparison Analysis
Comparing Capital One vs. Newtek Bank
Executive Summary
Newtek Bank offers a Personal High Yield Savings account with a competitive APY of 4.20%, making it the clear 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 simplicity for users. In contrast, Capital One's 360 Performance Savings account has an APY of 3.20%, which, while lower, also requires no minimum balance or maintenance fees. Both banks provide FDIC insurance, but Newtek Bank stands out for its higher returns, particularly beneficial for larger deposits.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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 (4.8 vs 4.5)
- ✓Higher rated Android app (4.5 vs 3.9)
- ✓Fast transfers via Zelle® (up to $2,500 a day)
Why Newtek Bank?
- ✓Higher potential APY (4.20% vs 3.20%) 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 $320/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $800/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
Capital OneCapital One offers an iOS app rated 4.8 (vs. 4.5) and Android app rated 4.5 (vs. 3.9)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $100 more interest on a $10,000 balance than Capital One's 360 Performance 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
Top Market Contenders
Capital One vs. Newtek Bank Savings Calculator
You earn $100 more with Newtek Bank than Capital One 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.
Capital One
360 Performance Savings
Savings Breakdown
- Interest Earned+$320.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,320.00
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 $319 per year in interest.
Both Capital One and Newtek Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Capital One | Newtek Bank |
|---|---|---|
| APY | 3.20% Verified: 4/21/2026 ↘︎ 0.10%90d Change | 4.20% Verified: 4/21/2026 ↘︎ 0.15%90d Change |
| 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 |
| Compound Frequency | Monthly | Daily |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Physical Branches | Over 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C. | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Limit: $2,500/dayAvailable for 360 Checking accounts. | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Capital One 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 | Capital One | Newtek Bank |
|---|---|---|
| 360 Performance Savings | Personal High Yield Savings | |
Current APY | 3.20% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.5 | -1.3 |
Days Since Change | 40 | 74 |
12-Month High | 3.60% | 4.35% |
12-Month Low | 3.20% | 4.20% |
Adjustments / Mo | 0.33 | 0.08 |
Volatility Score | 0.037 | 0.015 |
How to read these metrics(Click to expand)
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