High-Yield Savings Account Comparison

GO2bank vs. Newtek Bank

Compare rates, requirements, and features side-by-side to find the best option for you.

Analysis by Aviel Fahl
Updated December 6, 2025
Advertising Disclosure: We may earn a commission from partner links.

GO2bank

High Yield Savings

Up to
4.50%
APY
Dec 6, 2025
FDIC InsuredChecking BundleNo MinimumsGreat iOS AppGreat Android App
Range: 0.00% – 4.50%
Show Fine Print & Trends
Min. Deposit$0
Min. Balance$0
Maintenance Fee$5 per month, unless you set up direct deposit
Compound FreqQuarterly
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 22653)
EligibilityUnited States
Mobile Ratings
iOS:4.8Android:4.5
BBB Rating
Not Rated(Not BBB Accredited)

Important Note

A GO2bank checking account is required to open a savings account. The 4.50% APY is up to $5,000. Balances above that earn no interest.

Rate Stability

Very StableNo rate changes in last 90 days
Read Bank Overview

Newtek Bank

Personal High Yield Savings

4.35%
APY
Dec 6, 2025
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
Show Fine Print & Trends
Min. Deposit$0.01
Min. Balance$0.01
Maintenance Fee$0
Compound FreqDaily
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 18734)
EligibilityUnited States
Mobile Ratings
iOS:4.5Android:4.2
BBB Rating
A+(BBB Accredited)

Rate Stability

Very StableNo rate changes in last 90 days
Read Bank Overview

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.

Find Branch Access

Comparison Analysis

Comparing GO2bank vs. Newtek Bank

Updated: Dec 6, 2025

Why GO2bank?

  • ✓Higher potential APY (4.50% vs 4.35%) on balances up to $5,000 (requires checking bundle)
  • ✓Higher rated Android app (4.5 vs 4.2)

Why Newtek Bank?

  • ✓No checking account or direct deposit required

— Key Feature Differences —

Better Returns at $10,000
Newtek Bank

Newtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $435 vs $225/yr).

Better Returns at $25,000
Newtek Bank

Newtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1087 vs $225/yr).

Best for Simplicity
Newtek Bank

Newtek Bank's Personal High Yield Savings offers 4.35% APY with no bundling, direct deposit requirement or caps.

Best Mobile App Experience
GO2bank

GO2bank offers an iOS app rated 4.8 (vs. 4.5) and Android app rated 4.5 (vs. 4.2)

Shared Benefits

Available Nationwide Available to New & Existing Customers
The Bottom Line

Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $210 more interest on a $10,000 balance than GO2bank's High Yield Savings.

GO2bankNewtek Bank
Automated Data Audit

Executive Summary

GO2bank offers a High Yield Savings account with an attractive APY of 4.50%, applicable to balances up to $5,000, while Newtek Bank provides a Personal High Yield Savings account with a slightly lower APY of 4.35%. Both accounts are online-only and do not require direct deposit, but GO2bank necessitates a checking account to open the savings account. Newtek Bank's product is noted for its simplicity, with no maintenance fees or caps on deposits, making it a strong alternative for those seeking straightforward savings options.

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.

ExploreGO2bankExploreNewtek Bank

Top Market Contenders

See who beats both GO2bank and Newtek Bank.

Compare All High-Yield Savings Accounts
Varo Bank
High-Yield Savings Account
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
5.00% APY
+0.50% vs GO2bank
Better Rate
Varo Bank vs GO2bankVaro Bank vs Newtek Bank
Fitness Bank
Fitness Elite Checking & Fitness Savings Combo
FDIC InsuredLow MinimumsChecking Bundle
4.75% APY
+0.25% vs GO2bank
Better Rate
Fitness Bank vs GO2bankFitness Bank vs Newtek Bank
Pibank
Pibank Savings
FDIC InsuredNo Minimums
4.60% APY
+0.10% vs GO2bank
Better Rate
Pibank vs GO2bankPibank vs Newtek Bank
FeatureGO2bankNewtek Bank
APY
4.50%
0
Verified: 12/6/2025
Stable (90d)
4.35%
Verified: 12/6/2025
Stable (90d)
Product NameHigh Yield SavingsPersonal High Yield Savings
Minimum Deposit$0$0.01
Min. Balance for APY$0$0.01
Monthly Fee$5 per month, unless you set up direct deposit$0
Branch AccessNoneNone
Account Type
Online Only
Online Only
Direct Deposit Req.NoneNone
Checking Bundle YesNo
Mobile Apps
iOS4.8
Android4.5
iOS4.5
Android4.2
BBB RatingNot RatedA+
Important NotesA GO2bank checking account is required to open a savings account. The 4.50% APY is up to $5,000. Balances above that earn no interest.-
Next Steps
- View Details
- View Details

Savings Comparison

Calculations based on current APY.
$
$

Newtek Bank earns $1,431.1 more than GO2bank.

GO2bank

High Yield Savings

4.50% APY

4.50% on first $5,000 and 0.00% thereafter.

Savings Breakdown

  • Interest Earned
    +$1,230.90(6.4%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$19,230.90

Effective APY
2.08%
View Details

Newtek Bank

Personal High Yield Savings

4.35% APY

Savings Breakdown

  • Interest Earned
    +$2,662.00(12.9%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,662.00

Effective APY
4.35%
View Details

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

📈 Compare Savings Rates Over Time

Historical Performance

Last 4 Months Analysis
MetricGO2bankNewtek Bank
High Yield SavingsPersonal High Yield Savings
Current APY
4.50%4.35%
Trend
 Stable Stable
Velocity (bps/mo)
0.0-0.0
Days Since Change
121121
4-Month High
4.50%4.35%
4-Month Low
4.50%4.35%
Adjustments / Mo
0.000.00
Volatility Score
0.0000.000
How to read these metrics(Click to expand)

Trends & Velocity

  • Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
  • Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
  • Adjustments/Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

  • High/Low: The absolute ceiling and floor of the rate during the 122-day window.
  • Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
  • Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Compare Similar Alternatives

Compare GO2bank vs...

Comparing against other Bundled Accounts

vs GO2bank
Axos BankChecking Bundle
4.31%
APY
vs GO2bank
SoFi BankChecking Bundle
4.30%
APY
vs GO2bank
Presidential BankChecking Bundle
4.00%
APY

Compare Newtek Bank vs...

Comparing against Standard Savings

vs Newtek Bank
PibankNo Bundle Req
4.60%
APY
vs Newtek Bank
Neighbors BankNo Bundle Req
4.50%
APY
vs Newtek Bank
TIMBRNo Bundle Req
4.40%
APY

More Comparisons

Compare GO2bank's APY of 4.50% with other banks
Bank PairCompetitor APYMin Deposit
GO2bank vs Ally Bank3.30%$0
GO2bank vs American Express3.40%$0
GO2bank vs Axos Bank4.31%$0
GO2bank vs Bank of America0.01%$100
GO2bank vs Barclays4.00%$0
GO2bank vs Bask Bank3.90%$0
GO2bank vs BMO Alto3.25%$0
GO2bank vs BrioDirect4.00%$5,000
GO2bank vs Capital One3.40%$0
GO2bank vs Chase Bank0.01%$0
GO2bank vs Chime3.50%$0
GO2bank vs CIT Bank3.75%$100
GO2bank vs Citibank3.30%$0
GO2bank vs Citizens Access™3.35%$0.01
GO2bank vs Climate First Bank4.21%$50
GO2bank vs Discover Bank3.40%$0
GO2bank vs Elevault4.08%$0
GO2bank vs EverBank4.05%$0
GO2bank vs Fitness Bank4.75%$100
GO2bank vs FNBO Direct3.00%$1
GO2bank vs Forbright Bank4.00%$0
GO2bank vs FVCbank3.85%$500
GO2bank vs Ivy Bank4.25%$2,500
GO2bank vs LendingClub4.20%$0
GO2bank vs Marcus by Goldman Sachs3.65%$0
GO2bank vs Neighbors Bank4.50%$0
GO2bank vs Openbank4.20%$500
GO2bank vs Peak Bank4.20%$100
GO2bank vs Pibank4.60%$0
GO2bank vs PNC3.53%$0
GO2bank vs Presidential Bank4.00%$5,000
GO2bank vs Quontic Bank3.75%$100
GO2bank vs Salem Five Direct3.71%$10
GO2bank vs Santander Bank0.01%$25
GO2bank vs SoFi Bank4.30%$0
GO2bank vs Synchrony Bank3.65%$0
GO2bank vs TIMBR4.40%$1,000
GO2bank vs UFB Direct3.71%$5000
GO2bank vs Valley Direct4.10%$1,000
GO2bank vs Varo Bank5.00%$0
GO2bank vs Vio Bank4.16%$100
GO2bank vs Wealthfront4.15%$0
GO2bank vs Wells Fargo0.05%$25
GO2bank vs Zynlo Bank4.05%$10
Compare Newtek Bank's APY of 4.35% with other banks
Bank PairCompetitor APYMin Deposit
Newtek Bank vs Ally Bank3.30%$0
Newtek Bank vs American Express3.40%$0
Newtek Bank vs Axos Bank4.31%$0
Newtek Bank vs Bank of America0.01%$100
Newtek Bank vs Barclays4.00%$0
Newtek Bank vs Bask Bank3.90%$0
Newtek Bank vs BMO Alto3.25%$0
Newtek Bank vs BrioDirect4.00%$5,000
Newtek Bank vs Capital One3.40%$0
Newtek Bank vs Chase Bank0.01%$0
Newtek Bank vs Chime3.50%$0
Newtek Bank vs CIT Bank3.75%$100
Newtek Bank vs Citibank3.30%$0
Newtek Bank vs Citizens Access™3.35%$0.01
Newtek Bank vs Climate First Bank4.21%$50
Newtek Bank vs Discover Bank3.40%$0
Newtek Bank vs Elevault4.08%$0
Newtek Bank vs EverBank4.05%$0
Newtek Bank vs Fitness Bank4.75%$100
Newtek Bank vs FNBO Direct3.00%$1
Newtek Bank vs Forbright Bank4.00%$0
Newtek Bank vs FVCbank3.85%$500
Newtek Bank vs Ivy Bank4.25%$2,500
Newtek Bank vs LendingClub4.20%$0
Newtek Bank vs Marcus by Goldman Sachs3.65%$0
Newtek Bank vs Neighbors Bank4.50%$0
Newtek Bank vs Openbank4.20%$500
Newtek Bank vs Peak Bank4.20%$100
Newtek Bank vs Pibank4.60%$0
Newtek Bank vs PNC3.53%$0
Newtek Bank vs Presidential Bank4.00%$5,000
Newtek Bank vs Quontic Bank3.75%$100
Newtek Bank vs Salem Five Direct3.71%$10
Newtek Bank vs Santander Bank0.01%$25
Newtek Bank vs SoFi Bank4.30%$0
Newtek Bank vs Synchrony Bank3.65%$0
Newtek Bank vs TIMBR4.40%$1,000
Newtek Bank vs UFB Direct3.71%$5000
Newtek Bank vs Valley Direct4.10%$1,000
Newtek Bank vs Varo Bank5.00%$0
Newtek Bank vs Vio Bank4.16%$100
Newtek Bank vs Wealthfront4.15%$0
Newtek Bank vs Wells Fargo0.05%$25
Newtek Bank vs Zynlo Bank4.05%$10