High-Yield Savings Account Comparison

Chase Bank vs. Newtek Bank

Compare rates, requirements, and features side-by-side to find the best option for you.

Analysis by Aviel Fahl
Updated December 6, 2025
Advertising Disclosure: We may earn a commission from partner links.

Chase Bank

Chase Savings℠

0.01%
APY
Dec 6, 2025
FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person Access
Show Fine Print & Trends
Min. Deposit$0
Min. Balance$0
Maintenance Fee$5
Compound FreqMonthly
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 628)
EligibilityUnited States
Mobile Ratings
iOS:4.8Android:4.6
BBB Rating
A-(Not BBB Accredited)

Important Note

APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc.

Rate Stability

Very StableNo rate changes in last 90 days
Read Bank Overview

Newtek Bank

Personal High Yield Savings

4.35%
APY
Dec 6, 2025
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
Show Fine Print & Trends
Min. Deposit$0.01
Min. Balance$0.01
Maintenance Fee$0
Compound FreqDaily
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 18734)
EligibilityUnited States
Mobile Ratings
iOS:4.5Android:4.2
BBB Rating
A+(BBB Accredited)

Rate Stability

Very StableNo rate changes in last 90 days
Read Bank Overview

Comparison Analysis

Comparing Chase Bank vs. Newtek Bank

Updated: Dec 6, 2025

Why Chase Bank?

  • ✓Higher rated iOS app (4.8 vs 4.5)
  • ✓Higher rated Android app (4.6 vs 4.2)

Why Newtek Bank?

  • ✓Higher potential APY (4.35% vs 0.01%) on all balances
  • ✓No checking account or direct deposit required

— Key Feature Differences —

Better Returns at $10,000
Newtek Bank

Newtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $435 vs $1/yr).

Better Returns at $25,000
Newtek Bank

Newtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1087 vs $3/yr).

Best for Simplicity
Newtek Bank

Newtek Bank's Personal High Yield Savings offers 4.35% APY with no bundling, direct deposit requirement or caps.

Best Mobile App Experience
Chase Bank

Chase Bank offers an iOS app rated 4.8 (vs. 4.5) and Android app rated 4.6 (vs. 4.2)

Shared Benefits

Available Nationwide Available to New & Existing Customers
The Bottom Line

Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $434 more interest on a $10,000 balance than Chase Bank's Chase Savings℠.

Chase BankNewtek Bank
Automated Data Audit

Executive Summary

Newtek Bank stands out with its Personal High Yield Savings account, offering a competitive APY of 4.35%, significantly higher than Chase Bank's Chase Savings℠, which yields just 0.01%. Newtek's account requires a minimal deposit of $0.01 and has no maintenance fees, making it an attractive option for savers looking for better returns without complex requirements. In contrast, Chase Bank's account has a maintenance fee of $5, which can be waived under certain conditions. Additionally, Newtek Bank operates online-only, while Chase Bank provides access to physical branches, along with a highly rated mobile app experience.

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.

ExploreChase BankExploreNewtek Bank

Top Market Contenders

See who beats both Chase Bank and Newtek Bank.

Compare All High-Yield Savings Accounts
Pibank
Pibank Savings
FDIC InsuredNo Minimums
4.60% APY
+0.25% vs Newtek Bank
Better Rate
Pibank vs Chase BankPibank vs Newtek Bank
Neighbors Bank
Neighbors Savings Account
FDIC InsuredNo MinimumsGreat Android App
4.50% APY
+0.15% vs Newtek Bank
Better Rate
Neighbors Bank vs Chase BankNeighbors Bank vs Newtek Bank
TIMBR
Premium Savings Account
FDIC InsuredLow Minimums
4.40% APY
+0.05% vs Newtek Bank
Better Rate
TIMBR vs Chase BankTIMBR vs Newtek Bank
FeatureChase BankNewtek Bank
APY
0.01%
Verified: 12/6/2025
Stable (90d)
4.35%
Verified: 12/6/2025
Stable (90d)
Product NameChase Savings℠Personal High Yield Savings
Minimum Deposit$0$0.01
Min. Balance for APY$0$0.01
Monthly Fee$5$0
Branch AccessYesNone
Account Type
Online & Branches
Online Only
Direct Deposit Req.NoneNone
Checking BundleNoNo
Mobile Apps
iOS4.8
Android4.6
iOS4.5
Android4.2
BBB RatingA-A+
Important NotesAPY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc.-
Next Steps
- View Details
- View Details

Savings Comparison

Calculations based on current APY.
$
$

Newtek Bank earns $2,656.3 more than Chase Bank.

Chase Bank

Chase Savings℠

0.01% APY

Savings Breakdown

  • Interest Earned
    +$5.70(0.0%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$18,005.70

Effective APY
0.01%
View Details

Newtek Bank

Personal High Yield Savings

4.35% APY

Savings Breakdown

  • Interest Earned
    +$2,662.00(12.9%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,662.00

Effective APY
4.35%
View Details

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

📈 Compare Savings Rates Over Time

Historical Performance

Last 10 Months Analysis
MetricChase BankNewtek Bank
Chase Savings℠Personal High Yield Savings
Current APY
0.01%4.35%
Trend
 Stable Stable
Velocity (bps/mo)
-0.0-1.3
Days Since Change
311239
10-Month High
0.01%4.55%
10-Month Low
0.01%4.35%
Adjustments / Mo
0.000.19
Volatility Score
0.0000.013
How to read these metrics(Click to expand)

Trends & Velocity

  • Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
  • Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
  • Adjustments/Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

  • High/Low: The absolute ceiling and floor of the rate during the 311-day window.
  • Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
  • Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Compare Similar High-Yield Accounts

Compare Chase Bank vs...

Comparing against Standard Savings

vs Chase Bank
PibankNo Bundle Req
4.60%
APY
vs Chase Bank
Neighbors BankNo Bundle Req
4.50%
APY
vs Chase Bank
TIMBRNo Bundle Req
4.40%
APY

Compare Newtek Bank vs...

Comparing against Standard Savings

vs Newtek Bank
PibankNo Bundle Req
4.60%
APY
vs Newtek Bank
Neighbors BankNo Bundle Req
4.50%
APY
vs Newtek Bank
TIMBRNo Bundle Req
4.40%
APY

Higher Rates (With Checking)

Looking for something different? Check out these top-rated alternatives.

Checking Bundle
Axos Bank View Details
4.31%
APY
Checking Bundle
SoFi Bank View Details
4.30%
APY
Checking Bundle
Presidential Bank View Details
4.00%
APY

More Comparisons

Compare Chase Bank's APY of 0.01% with other banks
Bank PairCompetitor APYMin Deposit
Chase Bank vs Ally Bank3.30%$0
Chase Bank vs American Express3.40%$0
Chase Bank vs Axos Bank4.31%$0
Chase Bank vs Bank of America0.01%$100
Chase Bank vs Barclays4.00%$0
Chase Bank vs Bask Bank3.90%$0
Chase Bank vs BMO Alto3.25%$0
Chase Bank vs BrioDirect4.00%$5,000
Chase Bank vs Capital One3.40%$0
Chase Bank vs Chime3.50%$0
Chase Bank vs CIT Bank3.75%$100
Chase Bank vs Citibank3.30%$0
Chase Bank vs Citizens Access™3.35%$0.01
Chase Bank vs Climate First Bank4.21%$50
Chase Bank vs Discover Bank3.40%$0
Chase Bank vs Elevault4.08%$0
Chase Bank vs EverBank4.05%$0
Chase Bank vs Fitness Bank4.75%$100
Chase Bank vs FNBO Direct3.00%$1
Chase Bank vs Forbright Bank4.00%$0
Chase Bank vs FVCbank3.85%$500
Chase Bank vs GO2bank4.50%$0
Chase Bank vs Ivy Bank4.25%$2,500
Chase Bank vs LendingClub4.20%$0
Chase Bank vs Marcus by Goldman Sachs3.65%$0
Chase Bank vs Neighbors Bank4.50%$0
Chase Bank vs Openbank4.20%$500
Chase Bank vs Peak Bank4.20%$100
Chase Bank vs Pibank4.60%$0
Chase Bank vs PNC3.53%$0
Chase Bank vs Presidential Bank4.00%$5,000
Chase Bank vs Quontic Bank3.75%$100
Chase Bank vs Salem Five Direct3.71%$10
Chase Bank vs Santander Bank0.01%$25
Chase Bank vs SoFi Bank4.30%$0
Chase Bank vs Synchrony Bank3.65%$0
Chase Bank vs TIMBR4.40%$1,000
Chase Bank vs UFB Direct3.71%$5000
Chase Bank vs Valley Direct4.10%$1,000
Chase Bank vs Varo Bank5.00%$0
Chase Bank vs Vio Bank4.16%$100
Chase Bank vs Wealthfront4.15%$0
Chase Bank vs Wells Fargo0.05%$25
Chase Bank vs Zynlo Bank4.05%$10
Compare Newtek Bank's APY of 4.35% with other banks
Bank PairCompetitor APYMin Deposit
Newtek Bank vs Ally Bank3.30%$0
Newtek Bank vs American Express3.40%$0
Newtek Bank vs Axos Bank4.31%$0
Newtek Bank vs Bank of America0.01%$100
Newtek Bank vs Barclays4.00%$0
Newtek Bank vs Bask Bank3.90%$0
Newtek Bank vs BMO Alto3.25%$0
Newtek Bank vs BrioDirect4.00%$5,000
Newtek Bank vs Capital One3.40%$0
Newtek Bank vs Chime3.50%$0
Newtek Bank vs CIT Bank3.75%$100
Newtek Bank vs Citibank3.30%$0
Newtek Bank vs Citizens Access™3.35%$0.01
Newtek Bank vs Climate First Bank4.21%$50
Newtek Bank vs Discover Bank3.40%$0
Newtek Bank vs Elevault4.08%$0
Newtek Bank vs EverBank4.05%$0
Newtek Bank vs Fitness Bank4.75%$100
Newtek Bank vs FNBO Direct3.00%$1
Newtek Bank vs Forbright Bank4.00%$0
Newtek Bank vs FVCbank3.85%$500
Newtek Bank vs GO2bank4.50%$0
Newtek Bank vs Ivy Bank4.25%$2,500
Newtek Bank vs LendingClub4.20%$0
Newtek Bank vs Marcus by Goldman Sachs3.65%$0
Newtek Bank vs Neighbors Bank4.50%$0
Newtek Bank vs Openbank4.20%$500
Newtek Bank vs Peak Bank4.20%$100
Newtek Bank vs Pibank4.60%$0
Newtek Bank vs PNC3.53%$0
Newtek Bank vs Presidential Bank4.00%$5,000
Newtek Bank vs Quontic Bank3.75%$100
Newtek Bank vs Salem Five Direct3.71%$10
Newtek Bank vs Santander Bank0.01%$25
Newtek Bank vs SoFi Bank4.30%$0
Newtek Bank vs Synchrony Bank3.65%$0
Newtek Bank vs TIMBR4.40%$1,000
Newtek Bank vs UFB Direct3.71%$5000
Newtek Bank vs Valley Direct4.10%$1,000
Newtek Bank vs Varo Bank5.00%$0
Newtek Bank vs Vio Bank4.16%$100
Newtek Bank vs Wealthfront4.15%$0
Newtek Bank vs Wells Fargo0.05%$25
Newtek Bank vs Zynlo Bank4.05%$10