FNBO Direct vs. Newtek Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | FNBO DirectHigh-Yield Online Savings Account Jan 21, 2026 | Newtek BankPersonal High Yield Savings Jan 21, 2026 |
|---|---|---|
| APY | 3.00% | 4.35% |
Est. Earnings | $5,000+$150 $10,000+$300 $25,000+$750 | $5,000+$217 $10,000+$435 $25,000+$1,088 |
Min Deposit | $1 | $0.01 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported | 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 FNBO Direct vs. Newtek Bank
As of FNBO Direct offers an APY of 3.00% for its High-Yield Online 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 $135 more than FNBO Direct on a $10,000 balance after one year. FNBO Direct pays $300, while Newtek Bank pays $435 - an APY advantage for Newtek Bank.
Why FNBO Direct?
- ✓Higher rated Android app (4.8 vs 4.0)
- ✓Fast transfers via Zelle®
Why Newtek Bank?
- ✓Higher potential APY (4.35% vs 3.00%) 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 $300/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1088 vs $750/yr).
Best for Simplicity
Newtek BankNewtek Bank's Personal High Yield Savings offers 4.35% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $135 more interest on a $10,000 balance than FNBO Direct's High-Yield Online Savings Account.
*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%, significantly higher than FNBO Direct's High-Yield Online Savings Account, which has an APY of 3.00%. Both accounts have a minimum deposit of $0.01 and do not charge maintenance fees, making them accessible for savers. Newtek Bank's account is noted for its simplicity, requiring no bundling or direct deposit, and compounds daily, which may enhance earnings. In contrast, FNBO Direct's account compounds monthly and does not require direct deposit either, but its lower APY makes it a secondary option.
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
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FNBO Direct vs. Newtek Bank Savings Calculator
You earn $135 more with Newtek Bank than FNBO Direct 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.
FNBO Direct
High-Yield Online Savings Account
Savings Breakdown
- Interest Earned+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
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 | FNBO Direct | Newtek Bank |
|---|---|---|
| APY | 3.00% Verified: 1/21/2026 Stable (90d) | 4.35% Verified: 1/21/2026 Stable (90d) |
| Product Name | High-Yield Online Savings Account | Personal High Yield Savings |
| Minimum Deposit | $1 | $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 | iOS4.5 Android4.8 | iOS4.5 Android4.0 |
| Zelle® Support | Available Online division fully supports Zelle. | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at FNBO Direct 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 | FNBO Direct | Newtek Bank |
|---|---|---|
| High-Yield Online Savings Account | Personal High Yield Savings | |
Current APY | 3.00% | 4.35% |
Trend | Stable | Stable |
Velocity (bps/mo) | -5.7 | -0.0 |
Days Since Change | 110 | 180 |
6-Month High | 3.25% | 4.35% |
6-Month Low | 3.00% | 4.35% |
Adjustments / Mo | 0.17 | 0.00 |
Volatility Score | 0.038 | 0.000 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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