Citizens Access™ vs. Newtek Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Citizens Access™
Citizens Access® Savings
3.35%APYDec 5, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Citizens Access™
Citizens Access® 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
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
Why Citizens Access™?
- ✓Higher rated iOS app (4.8 vs 4.5)
- ✓Higher rated Android app (4.8 vs 4.2)
Why Newtek Bank?
- ✓Higher potential APY (4.35% vs 3.35%) 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 $335/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1087 vs $838/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
Citizens Access™Citizens Access™ offers an iOS app rated 4.8 (vs. 4.5) and Android app rated 4.8 (vs. 4.2)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $100 more interest on a $10,000 balance than Citizens Access™'s Citizens Access® Savings.
Executive Summary
Newtek Bank offers a competitive Personal High Yield Savings account with a notable APY of 4.35%, making it the winner in this comparison. This account requires no direct deposit and has no maintenance fees, providing better returns for both smaller and larger deposits compared to Citizens Access™, which offers a savings account with a lower APY of 3.35%. Both banks provide online-only services with a minimum deposit of $0.01 and daily compounding. While Citizens Access™ is recognized for its superior mobile app experience, Newtek Bank stands out for its simplicity and higher yield.
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 Citizens Access™ and Newtek Bank.
| Feature | Citizens Access™ | Newtek Bank |
|---|---|---|
| APY | 3.35% Verified: 12/5/2025 ↘︎ 0.15%90d Change | 4.35% Verified: 12/6/2025 Stable (90d) |
| 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 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.8 | iOS4.5 Android4.2 |
| BBB Rating | A+ | A+ |
| Next Steps |
Savings Comparison
Newtek Bank earns $643.2 more than Citizens Access™.
Citizens Access™
Citizens Access® Savings
Savings Breakdown
- Interest Earned+$2,018.80(10.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,018.80
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 | Citizens Access™ | Newtek Bank |
|---|---|---|
| Citizens Access® Savings | Personal High Yield Savings | |
Current APY | 3.35% | 4.35% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.8 | -1.3 |
Days Since Change | 37 | 239 |
10-Month High | 3.70% | 4.55% |
10-Month Low | 3.35% | 4.35% |
Adjustments / Mo | 0.19 | 0.19 |
Volatility Score | 0.037 | 0.013 |
How to read these metrics(Click to expand)
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