Citizens Access™ vs. Newtek Bank
Comparing Citizens Access™ and Newtek Bank for high-yield savings: Citizens Access™'s Citizens Access® Savings pays 3.15% 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 $105 more than Citizens Access™ annually ($420 vs $315).
Choose Citizens Access™ if you're an Android user, or choose Newtek Bank if getting the best rate matters most.
| Metric | Citizens Access™Citizens Access® Savings Apr 6, 2026 | Newtek BankPersonal High Yield Savings Apr 21, 2026 |
|---|---|---|
| APY | 3.15% | 4.20% |
Est. Earnings | $5,000+$158 $10,000+$315 $25,000+$788 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $0.01 | $0.01 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo 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 Citizens Access™ vs. Newtek Bank
Executive Summary
Newtek Bank offers a competitive Personal High Yield Savings account with an 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 a straightforward savings option without any direct deposit requirements. In contrast, Citizens Access™ features a Citizens Access® Savings account with a lower APY of 3.15%, also requiring a minimum deposit of $0.01 and no maintenance fees. Both banks operate online-only and are FDIC insured, but Newtek Bank's higher yield positions it as the better choice 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 Citizens Access™?
- ✓Higher rated iOS app (4.8 vs 4.5)
- ✓Higher rated Android app (4.8 vs 3.9)
Why Newtek Bank?
- ✓Higher potential APY (4.20% vs 3.15%) 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 $315/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $788/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
Citizens Access™Citizens Access™ offers an iOS app rated 4.8 (vs. 4.5) and Android app rated 4.8 (vs. 3.9)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $105 more interest on a $10,000 balance than Citizens Access™'s Citizens Access® 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
Citizens Access™ vs. Newtek Bank Savings Calculator
You earn $105 more with Newtek Bank than Citizens Access™ 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.
Citizens Access™
Citizens Access® Savings
Savings Breakdown
- Interest Earned+$315.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,315.00
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 $314 per year in interest.
Both Citizens Access™ and Newtek Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Citizens Access™ | Newtek Bank |
|---|---|---|
| APY | 3.15% Verified: 4/6/2026 Stable (90d) | 4.20% Verified: 4/21/2026 ↘︎ 0.15%90d Change |
| Product Name | Citizens Access® Savings | Personal High Yield Savings |
| Minimum Deposit | $0.01 | $0.01 |
| Min. Balance for APY | $0.01 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | 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 Citizens Access™ 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 | Citizens Access™ | Newtek Bank |
|---|---|---|
| Citizens Access® Savings | Personal High Yield Savings | |
Current APY | 3.15% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -6.4 | -1.3 |
Days Since Change | 117 | 59 |
12-Month High | 3.70% | 4.45% |
12-Month Low | 3.15% | 4.20% |
Adjustments / Mo | 0.25 | 0.16 |
Volatility Score | 0.062 | 0.015 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Citizens Access™ vs...
Comparing against Standard Savings
Compare Newtek Bank vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.
More Comparisons
Compare Citizens Access™'s APY of 3.15% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Citizens Access™ vs Ally Bank | 3.10% | $0 |
| Citizens Access™ vs American Express | 3.20% | $0 |
| Citizens Access™ vs Axos Bank | 4.21% | $0 |
| Citizens Access™ vs Barclays | 3.75% | $0 |
| Citizens Access™ vs Capital One | 3.20% | $0 |
| Citizens Access™ vs Chime | 3.00% | $0 |
| Citizens Access™ vs CIT Bank | 3.75% | $100 |
| Citizens Access™ vs Discover Bank | 3.30% | $0 |
| Citizens Access™ vs EverBank | 3.90% | $0 |
| Citizens Access™ vs Marcus by Goldman Sachs | 3.50% | $0 |
| Citizens Access™ vs Openbank | 4.00% | $500 |
| Citizens Access™ vs Pibank | 4.40% | $0 |
| Citizens Access™ vs SoFi Bank | 4.00% | $0 |
| Citizens Access™ vs Synchrony Bank | 3.40% | $0 |
| Citizens Access™ vs Varo Bank | 5.00% | $0 |
| Citizens Access™ vs Wealthfront | 4.20% | $0 |