Newtek Bank vs. PNC
Comparing Newtek Bank and PNC for high-yield savings: Newtek Bank's Personal High Yield Savings pays 4.20% APY while PNC's PNC High Yield Savings pays 3.25% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Newtek Bank pays $95 more than PNC annually ($420 vs $325).
Choose Newtek Bank if getting the best rate matters most. Choose PNC if you value in-person banking, you're an Android user, or you want Zelle for quick transfers.
| Metric | Newtek BankPersonal High Yield Savings Apr 7, 2026 | PNCPNC High Yield Savings Apr 7, 2026 |
|---|---|---|
| APY | 4.20% | 3.25% |
Est. Earnings | $5,000+$210 $10,000+$420 $25,000+$1,050 | $5,000+$163 $10,000+$325 $25,000+$813 |
Min Deposit | $0.01 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | Eligibility restricted to select states. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedRate Changes Often |
Comparison Analysis
Comparing Newtek Bank vs. PNC
Executive Summary
Newtek Bank's Personal High Yield Savings account stands out with an APY of 4.20%, offering competitive returns without requiring a direct deposit or minimum balance, making it an attractive option for savers. In contrast, PNC's highest yielding product, the PNC High Yield Savings, offers a significantly lower APY of 3.25%, although it has no minimum deposit requirement and no maintenance fees. Additionally, PNC's Standard Savings account provides an even lower APY of 0.03%. While PNC boasts a strong mobile app experience, Newtek Bank's higher APY makes it the preferred choice for those seeking better savings returns.
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 potential APY (4.20% vs 3.25%) on all balances
- ✓Available Nationwide
Why PNC?
- ✓Physical branch access (Multiple branches in AL, AZ, CA, CO, DE, DC, FL, GA, IL, IN, KS, KY, MD, MA, MI, MO, NJ, NM, NY, NC, OH, PA, SC, TN, TX, VA, WV, WI)
- ✓Higher rated iOS app (4.9 vs 4.5)
- ✓Higher rated Android app (4.6 vs 3.9)
- ✓Fast transfers via Zelle® (up to $2,000 a day)
— Key Feature Differences —
Better Returns at $10,000
Newtek BankNewtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $420 vs $325/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $813/yr).
Best for Simplicity
Newtek BankNewtek Bank's Personal High Yield Savings offers 4.20% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
PNCPNC offers an iOS app rated 4.9 (vs. 4.5) and Android app rated 4.6 (vs. 3.9)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $95 more interest on a $10,000 balance than PNC's PNC 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. PNC Savings Calculator
You earn $95 more with Newtek Bank than PNC 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
PNC
PNC High Yield Savings
Savings Breakdown
- Interest Earned+$325.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,325.00
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 $324 per year in interest.
Both Newtek Bank and PNC dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Newtek Bank | PNC |
|---|---|---|
| APY | 4.20% Verified: 4/7/2026 ↘︎ 0.15%90d Change | 3.25% Verified: 4/7/2026 ↘︎ 0.05%90d Change |
| Product Name | Personal High Yield Savings | PNC High Yield Savings |
| Minimum Deposit | $0.01 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Monthly |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | None | Multiple branches in AL, AZ, CA, CO, DE, DC, FL, GA, IL, IN, KS, KY, MD, MA, MI, MO, NJ, NM, NY, NC, OH, PA, SC, TN, TX, VA, WV, WI |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Limit: $2,000/dayCentral to Virtual Wallet suite. |
| BBB Rating | A+ | A+ |
| Important Notes | - | Eligibility restricted to select states. |
| Next Steps | Visit SiteVerify at Newtek Bank Non-sponsored link to official site | Visit SiteVerify at PNC Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Newtek Bank | PNC | |
|---|---|---|---|
| Personal High Yield Savings | PNC High Yield Savings | Standard Savings | |
Current APY | 4.20% | 3.25% | 0.03% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -1.2 | -7.8 | 0.1 |
Days Since Change | 60 | 32 | 341 |
12-Month High | 4.45% | 3.95% | 0.03% |
12-Month Low | 4.20% | 3.25% | 0.01% |
Adjustments / Mo | 0.16 | 0.41 | 0.08 |
Volatility Score | 0.014 | 0.082 | 0.164 |
How to read these metrics(Click to expand)
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Comparing against Standard Savings
High Rates (With Checking Bundle)
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More Comparisons
Compare Newtek Bank's APY of 4.20% with other banks
Compare PNC's APY of 3.25% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| PNC vs Ally Bank | 3.20% | $0 |
| PNC vs American Express | 3.20% | $0 |
| PNC vs Axos Bank | 4.21% | $0 |
| PNC vs Barclays | 3.85% | $0 |
| PNC vs Capital One | 3.20% | $0 |
| PNC vs Chime | 3.00% | $0 |
| PNC vs CIT Bank | 3.75% | $100 |
| PNC vs Discover Bank | 3.30% | $0 |
| PNC vs EverBank | 3.90% | $0 |
| PNC vs Marcus by Goldman Sachs | 3.65% | $0 |
| PNC vs Openbank | 4.00% | $500 |
| PNC vs Pibank | 4.60% | $0 |
| PNC vs SoFi Bank | 4.00% | $0 |
| PNC vs Synchrony Bank | 3.50% | $0 |
| PNC vs Varo Bank | 5.00% | $0 |
| PNC vs Wealthfront | 4.20% | $0 |