Climate First Bank vs. Newtek Bank
Comparing Climate First Bank and Newtek Bank for high-yield savings: Climate First Bank's Super Duper Savings Account pays 4.01% 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 $19 more than Climate First Bank annually ($420 vs $401).
Choose Climate First Bank 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 | Climate First BankSuper Duper Savings Account Apr 21, 2026 | Newtek BankPersonal High Yield Savings Apr 21, 2026 |
|---|---|---|
| APY | 4.01% | 4.20% |
Est. Earnings | $5,000+$200 $10,000+$401 $25,000+$1,002 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $50 | $0.01 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedStable Rate | FDIC InsuredNo MinimumsGreat iOS AppDaily CompoundingRate Changes Often |
Comparison Analysis
Comparing Climate First Bank vs. Newtek Bank
Executive Summary
Newtek Bank offers a Personal High Yield Savings account with an APY of 4.20%, making it the winner in this comparison. This account is online-only and requires a minimum deposit of just $0.01, with no maintenance fees. In contrast, Climate First Bank's Super Duper Savings Account provides a slightly lower APY of 4.01% and requires a minimum deposit of $50. While both accounts do not require direct deposit and are FDIC insured, Newtek Bank stands out with better returns at various deposit levels.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Climate First Bank?
- ✓Physical branch access (3 locations in Florida (St. Petersburg, Mount Dora, Winter Park), and one coming soon in Orlando, FL)
- ✓Higher rated iOS app (4.9 vs 4.5)
- ✓Higher rated Android app (4.6 vs 3.9)
- ✓Fast transfers via Zelle®
Why Newtek Bank?
- ✓Higher potential APY (4.20% vs 4.01%) 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 $401/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $1002/yr).
Best Mobile App Experience
Climate First BankClimate First Bank offers an iOS app rated 4.9 (vs. 4.5) and Android app rated 4.6 (vs. 3.9)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $19 more interest on a $10,000 balance than Climate First Bank's Super Duper Savings Account.
*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
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Climate First Bank vs. Newtek Bank Savings Calculator
You earn $19 more with Newtek Bank than Climate First Bank 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.
Climate First Bank
Super Duper Savings Account
Savings Breakdown
- Interest Earned+$401.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,401.00
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 $400 per year in interest.
Both Climate First Bank and Newtek Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Climate First Bank | Newtek Bank |
|---|---|---|
| APY | 4.01% Verified: 4/21/2026 ↘︎ 0.20%90d Change | 4.20% Verified: 4/21/2026 ↘︎ 0.15%90d Change |
| Product Name | Super Duper Savings Account | Personal High Yield Savings |
| Minimum Deposit | $50 | $0.01 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0, if electronic statements selected, otherwise $5 | $0 |
| Compound Frequency | N/A | Daily |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Physical Branches | 3 locations in Florida (St. Petersburg, Mount Dora, Winter Park), and one coming soon in Orlando, FL | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Verified in Climate First Bank Personal app. | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Climate First Bank 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 | Climate First Bank | Newtek Bank |
|---|---|---|
| Super Duper Savings Account | Personal High Yield Savings | |
Current APY | 4.01% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -5.6 | -4.6 |
Days Since Change | 53 | 74 |
5-Month High | 4.21% | 4.35% |
5-Month Low | 4.01% | 4.20% |
Adjustments / Mo | 0.20 | 0.20 |
Volatility Score | 0.023 | 0.018 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Climate First Bank's APY of 4.01% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Climate First Bank vs Ally Bank | 3.10% | $0 |
| Climate First Bank vs American Express | 3.20% | $0 |
| Climate First Bank vs Axos Bank | 4.21% | $0 |
| Climate First Bank vs Barclays | 3.75% | $0 |
| Climate First Bank vs Capital One | 3.20% | $0 |
| Climate First Bank vs Chime | 3.00% | $0 |
| Climate First Bank vs CIT Bank | 3.75% | $100 |
| Climate First Bank vs Discover Bank | 3.30% | $0 |
| Climate First Bank vs EverBank | 3.90% | $0 |
| Climate First Bank vs Marcus by Goldman Sachs | 3.50% | $0 |
| Climate First Bank vs Openbank | 4.00% | $500 |
| Climate First Bank vs Pibank | 4.40% | $0 |
| Climate First Bank vs SoFi Bank | 4.00% | $0 |
| Climate First Bank vs Synchrony Bank | 3.40% | $0 |
| Climate First Bank vs Varo Bank | 5.00% | $0 |
| Climate First Bank vs Wealthfront | 4.20% | $0 |