High-Yield Savings Account Comparison

Newtek Bank vs. Peak 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.

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 Freq	Daily
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 18734)
Eligibility	United States
Mobile Ratings	iOS:4.5 Android:4.2
BBB Rating	A+(BBB Accredited)

Rate Stability

Very StableNo rate changes in last 90 days

Read Bank Overview

Peak Bank

Envision High Yield Savings

4.20%

APY

Dec 6, 2025

FDIC InsuredLow MinimumsGreat iOS AppGreat Android App

Show Fine Print & Trends

Min. Deposit	$100
Min. Balance	$0
Maintenance Fee	$0
Compound Freq	Daily
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 58095)
Eligibility	United States
Mobile Ratings	iOS:4.8 Android:4.6
BBB Rating	A+(Not BBB Accredited)

Rate Stability

Rate Adjusted

-0.15%

Since 90 days ago

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.

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Comparison Analysis

Comparing Newtek Bank vs. Peak Bank

Updated: Dec 6, 2025

Why Newtek Bank?

✓Higher potential APY (4.35% vs 4.20%) on all balances

Why Peak Bank?

✓Higher rated Android app (4.6 vs 4.2)

— 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 $420/yr).

Better Returns at $25,000

Newtek Bank

Newtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1087 vs $1050/yr).

Best Mobile App Experience

Peak Bank

Peak Bank offers an iOS app rated 4.8 (vs. 4.5) and Android app rated 4.6 (vs. 4.2)

Shared Benefits

Both offer monthly maintenance-free account options Available Nationwide Available to New & Existing Customers

The Bottom Line

Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $15 more interest on a $10,000 balance than Peak Bank's Envision High Yield Savings.

Peak BankNewtek Bank

Automated Data Audit

Executive Summary

Newtek Bank offers a Personal High Yield Savings account with a competitive APY of 4.35%, making it the top choice for savers looking to maximize their returns, especially on smaller deposits. In contrast, Peak Bank's Envision High Yield Savings account provides a slightly lower APY of 4.20%. Both accounts are online-only and have no maintenance fees, but Newtek Bank's account requires a minimum deposit of just $0.01, while Peak Bank requires $100. Both banks do not require direct deposit, and Newtek Bank's offering is particularly advantageous for larger deposits, as evidenced by its higher annual returns.

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.

ExploreNewtek Bank ExplorePeak Bank

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4.40% APY

+0.05% vs Newtek Bank

Better Rate

TIMBR vs Newtek Bank TIMBR vs Peak Bank

Feature	Newtek Bank	Peak Bank
APY	4.35% Verified: 12/6/2025 Stable (90d)	4.20% Verified: 12/6/2025 ↘︎ 0.15%90d Change
Product Name	Personal High Yield Savings	Envision High Yield Savings
Minimum Deposit	$0.01	$100
Min. Balance for APY	$0.01	N/A
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 Android4.2	iOS4.8 Android4.6
BBB Rating	A+	A+
Next Steps	- View Details	- View Details

Savings Comparison

Calculations based on current APY.

Initial Deposit

Recurring Deposit

Frequency

Duration

Newtek Bank earns $97.7 more than Peak Bank.

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

Peak Bank

Envision High Yield Savings

4.20% APY

Savings Breakdown

Interest Earned
+$2,564.30(12.5%)
Total Contributions
$13,000
Initial Deposit
$5,000

Projected Balance

$20,564.30

Effective APY

4.20%

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 10 Months Analysis

Metric	Newtek Bank	Peak Bank
	Personal High Yield Savings	Envision High Yield Savings
Current APYMost recent advertised annual-percentage yield.	4.35%	4.20%
TrendDirection over the last 10 months (regression slope).	Stable	Stable
Velocity (bps/mo)Average monthly change; 10 bps = 0.10 pp.	-0.9	-3.7
Days Since ChangeRecency of the latest APY adjustment.	239	66
10-Month HighHighest APY in the last 295 days.	4.55%	4.54%
10-Month LowLowest APY in the last 295 days.	4.35%	4.20%
Adjustments / MoTypical number of APY moves per month.	0.20	0.41
Volatility ScoreCoefficient of variation (stdev ÷ mean). Lower is more stable.	0.009	0.028

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 295-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.

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More Comparisons

Compare Newtek Bank's APY of 4.35% with other banks

Bank Pair	Competitor APY	Min Deposit
Newtek Bank vs Ally Bank	3.30%	$0
Newtek Bank vs American Express	3.40%	$0
Newtek Bank vs Axos Bank	4.31%	$0
Newtek Bank vs Bank of America	0.01%	$100
Newtek Bank vs Barclays	4.00%	$0
Newtek Bank vs Bask Bank	3.90%	$0
Newtek Bank vs BMO Alto	3.25%	$0
Newtek Bank vs BrioDirect	4.00%	$5,000
Newtek Bank vs Capital One	3.40%	$0
Newtek Bank vs Chase Bank	0.01%	$0
Newtek Bank vs Chime	3.50%	$0
Newtek Bank vs CIT Bank	3.75%	$100
Newtek Bank vs Citibank	3.30%	$0
Newtek Bank vs Citizens Access™	3.35%	$0.01
Newtek Bank vs Climate First Bank	4.21%	$50
Newtek Bank vs Discover Bank	3.40%	$0
Newtek Bank vs Elevault	4.08%	$0
Newtek Bank vs EverBank	4.05%	$0
Newtek Bank vs Fitness Bank	4.75%	$100
Newtek Bank vs FNBO Direct	3.00%	$1
Newtek Bank vs Forbright Bank	4.00%	$0
Newtek Bank vs FVCbank	3.85%	$500
Newtek Bank vs GO2bank	4.50%	$0
Newtek Bank vs Ivy Bank	4.25%	$2,500
Newtek Bank vs LendingClub	4.20%	$0
Newtek Bank vs Marcus by Goldman Sachs	3.65%	$0
Newtek Bank vs Neighbors Bank	4.50%	$0
Newtek Bank vs Openbank	4.20%	$500
Newtek Bank vs Pibank	4.60%	$0
Newtek Bank vs PNC	3.53%	$0
Newtek Bank vs Presidential Bank	4.00%	$5,000
Newtek Bank vs Quontic Bank	3.75%	$100
Newtek Bank vs Salem Five Direct	3.71%	$10
Newtek Bank vs Santander Bank	0.01%	$25
Newtek Bank vs SoFi Bank	4.30%	$0
Newtek Bank vs Synchrony Bank	3.65%	$0
Newtek Bank vs TIMBR	4.40%	$1,000
Newtek Bank vs UFB Direct	3.71%	$5000
Newtek Bank vs Valley Direct	4.10%	$1,000
Newtek Bank vs Varo Bank	5.00%	$0
Newtek Bank vs Vio Bank	4.16%	$100
Newtek Bank vs Wealthfront	4.15%	$0
Newtek Bank vs Wells Fargo	0.05%	$25
Newtek Bank vs Zynlo Bank	4.05%	$10

Compare Peak Bank's APY of 4.20% with other banks

Bank Pair	Competitor APY	Min Deposit
Peak Bank vs Ally Bank	3.30%	$0
Peak Bank vs American Express	3.40%	$0
Peak Bank vs Axos Bank	4.31%	$0
Peak Bank vs Bank of America	0.01%	$100
Peak Bank vs Barclays	4.00%	$0
Peak Bank vs Bask Bank	3.90%	$0
Peak Bank vs BMO Alto	3.25%	$0
Peak Bank vs BrioDirect	4.00%	$5,000
Peak Bank vs Capital One	3.40%	$0
Peak Bank vs Chase Bank	0.01%	$0
Peak Bank vs Chime	3.50%	$0
Peak Bank vs CIT Bank	3.75%	$100
Peak Bank vs Citibank	3.30%	$0
Peak Bank vs Citizens Access™	3.35%	$0.01
Peak Bank vs Climate First Bank	4.21%	$50
Peak Bank vs Discover Bank	3.40%	$0
Peak Bank vs Elevault	4.08%	$0
Peak Bank vs EverBank	4.05%	$0
Peak Bank vs Fitness Bank	4.75%	$100
Peak Bank vs FNBO Direct	3.00%	$1
Peak Bank vs Forbright Bank	4.00%	$0
Peak Bank vs FVCbank	3.85%	$500
Peak Bank vs GO2bank	4.50%	$0
Peak Bank vs Ivy Bank	4.25%	$2,500
Peak Bank vs LendingClub	4.20%	$0
Peak Bank vs Marcus by Goldman Sachs	3.65%	$0
Peak Bank vs Neighbors Bank	4.50%	$0
Peak Bank vs Openbank	4.20%	$500
Peak Bank vs Pibank	4.60%	$0
Peak Bank vs PNC	3.53%	$0
Peak Bank vs Presidential Bank	4.00%	$5,000
Peak Bank vs Quontic Bank	3.75%	$100
Peak Bank vs Salem Five Direct	3.71%	$10
Peak Bank vs Santander Bank	0.01%	$25
Peak Bank vs SoFi Bank	4.30%	$0
Peak Bank vs Synchrony Bank	3.65%	$0
Peak Bank vs TIMBR	4.40%	$1,000
Peak Bank vs UFB Direct	3.71%	$5000
Peak Bank vs Valley Direct	4.10%	$1,000
Peak Bank vs Varo Bank	5.00%	$0
Peak Bank vs Vio Bank	4.16%	$100
Peak Bank vs Wealthfront	4.15%	$0
Peak Bank vs Wells Fargo	0.05%	$25
Peak Bank vs Zynlo Bank	4.05%	$10