Newtek Bank vs. Pibank
Comparing Newtek Bank and Pibank for high-yield savings: Newtek Bank's Personal High Yield Savings pays 4.20% APY while Pibank's Pibank Savings pays 4.60% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Pibank pays $40 more than Newtek Bank annually ($460 vs $420).
Choose Newtek Bank if mobile app quality matters, or choose Pibank if getting the best rate matters most.
| Metric | Newtek BankPersonal High Yield Savings Mar 7, 2026 | PibankPibank Savings Mar 7, 2026 |
|---|---|---|
| APY | 4.20% | 4.60% |
Est. Earnings | $5,000+$210 $10,000+$420 $25,000+$1,050 | $5,000+$230 $10,000+$460 $25,000+$1,150 |
Min Deposit | $0.01 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsDaily CompoundingStable Rate |
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 Newtek Bank vs. Pibank
Executive Summary
Pibank offers a competitive Personal Savings account with an APY of 4.60%, making it the winner in this comparison. This account requires a minimum balance of only $0.01 and does not impose any maintenance fees, providing better returns compared to Newtek Bank's Personal High Yield Savings, which has an APY of 4.20%. Both accounts are online-only and have no direct deposit requirements, but Pibank's higher yield positions it as the more attractive option for savers. Newtek's offering remains a viable alternative for those seeking a high-yield savings account.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Newtek Bank?
- ✓Higher rated iOS app (4.5 vs 2.2)
Why Pibank?
- ✓Higher potential APY (4.60% vs 4.20%) on all balances
— Key Feature Differences —
Better Returns at $10,000
PibankPibank's Pibank Savings earns more on smaller deposits (approx. $460 vs $420/yr).
Better Returns at $25,000
PibankPibank's Pibank Savings pulls ahead with larger amounts (approx. $1150 vs $1050/yr).
Best for Simplicity
PibankPibank's Pibank Savings offers 4.60% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Pibank's Pibank Savings pays $40 more interest on a $10,000 balance than Newtek Bank's Personal High Yield Savings.
*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
Top Market Contenders
Newtek Bank vs. Pibank Savings Calculator
You earn $40 more with Pibank than Newtek 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.
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
Pibank
Pibank Savings
Savings Breakdown
- Interest Earned+$460.00(4.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,460.00
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 $419 per year in interest.
Both Newtek Bank and Pibank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Newtek Bank | Pibank |
|---|---|---|
| APY | 4.20% Verified: 3/7/2026 ↘︎ 0.15%90d Change | 4.60% Verified: 3/7/2026 Stable (90d) |
| Product Name | Personal High Yield Savings | Pibank Savings |
| Minimum Deposit | $0.01 | $0 |
| Min. Balance for APY | $0.01 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A |
| Next Steps | Visit SiteVerify at Newtek Bank Non-sponsored link to official site | Visit SiteVerify at Pibank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Newtek Bank | Pibank |
|---|---|---|
| Personal High Yield Savings | Pibank Savings | |
Current APY | 4.20% | 4.60% |
Trend | Stable | Stable |
Velocity (bps/mo) | -1.0 | 0.0 |
Days Since Change | 29 | 365 |
12-Month High | 4.45% | 4.60% |
12-Month Low | 4.20% | 4.60% |
Adjustments / Mo | 0.16 | 0.00 |
Volatility Score | 0.013 | 0.000 |
How to read these metrics(Click to expand)
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