Newtek Bank vs. Pibank
Compare rates, requirements, and features side-by-side to find the best option for you.
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
Pibank
Pibank Savings
4.60%APYDec 6, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
Pibank
Pibank 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 Newtek Bank vs. Pibank
Why Newtek Bank?
- ✓Higher rated iOS app (4.5 vs 2.4)
- ✓Higher rated Android app (4.2 vs 1.7)
Why Pibank?
- ✓Higher potential APY (4.60% vs 4.35%) on all balances
— Key Feature Differences —
Better Returns at $10,000
PibankPibank's Pibank Savings earns more on smaller deposits (approx. $460 vs $435/yr).
Better Returns at $25,000
PibankPibank's Pibank Savings pulls ahead with larger amounts (approx. $1150 vs $1087/yr).
Best for Simplicity
PibankPibank's Pibank Savings offers 4.60% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Newtek BankNewtek Bank offers an iOS app rated 4.5 (vs. 2.4) and Android app rated 4.2 (vs. 1.7)
Shared Benefits
Over a 1-year period, Pibank's Pibank Savings pays $25 more interest on a $10,000 balance than Newtek Bank's Personal High Yield Savings.
Executive Summary
Pibank offers a competitive savings product with a higher APY of 4.60% for its Pibank Savings account, making it the winner in this comparison. This account features no minimum deposit requirement, no maintenance fees, and compounds daily, providing a straightforward savings option. In contrast, Newtek Bank's Personal High Yield Savings account offers an APY of 4.35%, which is still attractive but slightly lower. Both banks operate online only and do not require direct deposit, with Newtek Bank noted for its superior mobile app experience.
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.
| Feature | Newtek Bank | Pibank |
|---|---|---|
| APY | 4.35% Verified: 12/6/2025 Stable (90d) | 4.60% Verified: 12/6/2025 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 |
| 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 | iOS2.4 Android1.7 |
| BBB Rating | A+ | A |
| Next Steps |
Savings Comparison
Pibank earns $163.8 more than Newtek Bank.
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
Pibank
Pibank Savings
Savings Breakdown
- Interest Earned+$2,825.80(13.6%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,825.80
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Newtek Bank | Pibank |
|---|---|---|
| Personal High Yield Savings | Pibank Savings | |
Current APY | 4.35% | 4.60% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.9 | -0.0 |
Days Since Change | 239 | 295 |
10-Month High | 4.55% | 4.60% |
10-Month Low | 4.35% | 4.60% |
Adjustments / Mo | 0.20 | 0.00 |
Volatility Score | 0.009 | 0.000 |
How to read these metrics(Click to expand)
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