FNBO Direct vs. Newtek Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
FNBO Direct
High-Yield Online Savings Account
3.00%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
FNBO Direct
High-Yield Online Savings Account
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 FNBO Direct vs. Newtek Bank
Why FNBO Direct?
- ✓Higher rated Android app (4.8 vs 4.2)
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. $1087 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.
Executive Summary
Newtek Bank offers a superior Personal High Yield Savings account with an APY of 4.35%, significantly higher than FNBO Direct's High-Yield Online Savings Account, which yields 3.00%. Both accounts require a minimum deposit of $0.01 and have no maintenance fees, but Newtek Bank's account compounds interest daily, providing a better return on savings. Additionally, Newtek Bank does not impose any direct deposit requirements, making it a straightforward choice for savers. FNBO Direct's account is also online-only and has a minimum balance requirement of $0.01, but its lower APY makes it a secondary option.
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 FNBO Direct and Newtek Bank.
| Feature | FNBO Direct | Newtek Bank |
|---|---|---|
| APY | 3.00% Verified: 12/6/2025 ↘︎ 0.25%90d Change | 4.35% Verified: 12/6/2025 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 Android4.2 |
| BBB Rating | A+ | A+ |
| Next Steps |
Savings Comparison
Newtek Bank earns $863.8 more than FNBO Direct.
FNBO Direct
High-Yield Online Savings Account
Savings Breakdown
- Interest Earned+$1,798.20(9.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,798.20
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 | 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) | -8.3 | -0.0 |
Days Since Change | 64 | 134 |
4-Month High | 3.25% | 4.35% |
4-Month Low | 3.00% | 4.35% |
Adjustments / Mo | 0.22 | 0.00 |
Volatility Score | 0.040 | 0.000 |
How to read these metrics(Click to expand)
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