Citizens Access™ vs. Newtek Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Citizens Access™Citizens Access® Savings Jan 20, 2026 | Newtek BankPersonal High Yield Savings Jan 21, 2026 |
|---|---|---|
| APY | 3.15% | 4.35% |
Est. Earnings | $5,000+$158 $10,000+$315 $25,000+$788 | $5,000+$217 $10,000+$435 $25,000+$1,088 |
Min Deposit | $0.01 | $0.01 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App |
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
As of Citizens Access™ offers an APY of 3.15% for its Citizens Access® Savings account, with a minimum balance of $0.01, compared to Newtek Bank's 4.35% APY for its Personal High Yield Savings account, with a minimum balance of $0.01.
Newtek Bank pays $120 more than Citizens Access™ on a $10,000 balance after one year. Citizens Access™ pays $315, while Newtek Bank pays $435 - an APY advantage for Newtek Bank.
Why Citizens Access™?
- ✓Higher rated iOS app (4.8 vs 4.5)
- ✓Higher rated Android app (4.9 vs 4.0)
Why Newtek Bank?
- ✓Higher potential APY (4.35% 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. $435 vs $315/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1088 vs $788/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 4.9 (vs. 4.0)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $120 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.
Executive Summary as of
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 provides better returns on both smaller and larger deposits, with no direct deposit requirement, maintenance fees, or caps, ensuring simplicity for users. In contrast, Citizens Access™ features a Citizens Access® Savings account with a lower APY of 3.15%. While Citizens Access™ is noted for its superior mobile app experience, it does not match the higher yield of Newtek Bank's offering. Both accounts require a minimum deposit of $0.01 and are online-only.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Citizens Access™ vs. Newtek Bank Savings Calculator
You earn $120 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+$435.00(4.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,435.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Citizens Access™ | Newtek Bank |
|---|---|---|
| APY | 3.15% Verified: 1/20/2026 ↘︎ 0.35%90d Change | 4.35% Verified: 1/21/2026 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 Android4.9 | iOS4.5 Android4.0 |
| 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% | 4.35% |
Trend | Stable | Stable |
Velocity (bps/mo) | -5.0 | -1.0 |
Days Since Change | 42 | 285 |
12-Month High | 3.70% | 4.55% |
12-Month Low | 3.15% | 4.35% |
Adjustments / Mo | 0.25 | 0.17 |
Volatility Score | 0.055 | 0.012 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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