Newtek Bank vs. Presidential Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of Newtek Bank vs. Presidential Bank
Key Metrics at a Glance
| Feature | Newtek Bank | Presidential Bank |
|---|---|---|
| Top Savings APY | 4.35% Personal High Yield Savings | 4.50% Advantage Savings |
| Minimum to Open | $0 | $5,000 |
| Minimum Balance for Top APY | $0.01 | N/A |
Newtek Bank
Strengths
- Newtek Bank offers a higher APY of 4.35% for its Personal High Yield Savings account.
- Newtek Bank has no direct deposit requirement for its savings account.
- Newtek Bank has an A+ BBB rating and is BBB Accredited.
Potential Drawbacks
- Newtek Bank has no physical branches.
- Newtek Bank's savings account requires a minimum balance of $0.01.
Presidential Bank
Strengths
- Presidential Bank provides access to 10 physical branches in Maryland, Virginia, and Washington D.C.
- Presidential Bank has a higher App Store rating of 4.8.
Potential Drawbacks
- Presidential Bank's Advantage Savings account requires a $5,000 minimum deposit.
- To earn the higher APY of 4.5%, a direct deposit into an Advantage Checking Account is mandatory.
- Presidential Bank has an A- BBB rating and is not BBB Accredited.
→ As of October 21, 2025 Newtek Bank offers an APY of 4.35% for its Personal High Yield Savings account, with a minimum balance of $0.01, compared to Presidential Bank's 4.50% APY for its Advantage Savings account, with a minimum balance of N/A.
→ Presidential Bank yields $15 more than Newtek Bank on a $10,000 balance after one year. Newtek Bank pays $435, while Presidential Bank pays $450 - an APY advantage for Presidential Bank.
Calculate Savings Growth for Newtek Bank vs Presidential Bank
Newtek Bank - Personal High Yield Savings
Total savings breakdown:
- Interest earned: $2,662 (12.88%)
- Total contributions: $13,000 (62.92%)
- Initial deposit: $5,000 (24.20%)
Your total balance
$20,662.00
Total balance: $20,662
Earnings: $2,662
Bank OverviewPresidential Bank - Advantage Savings
Total savings breakdown:
- Interest earned: $2,760.1 (13.30%)
- Total contributions: $13,000 (62.62%)
- Initial deposit: $5,000 (24.08%)
Your total balance
$20,760.10
Total balance: $20,760.1
Earnings: $2,760.1
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Newtek Bank's total earnings would be $98.1 lower than Presidential Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Newtek Bank's vs Presidential Bank's Savings Accounts
| Newtek Bank | Presidential Bank | ||
|---|---|---|---|
| Product | Personal High Yield Savings | vs | Advantage Savings |
| APY | 4.35% (as of 10/21/2025) | 4.00% - 4.50% (as of 10/21/2025) | |
| Bundled Account | No | Yes | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | No | |
| Compound Frequency | Daily | Monthly | |
| Minimum Deposit | $0 | $5,000 | |
| Minimum Balance for APY | $0.01 | N/A | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | Yes. To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. | |
| App Store Rating | 4.5/5 | 4.8/5 | |
| Google Play Rating | 4.2/5 | 4.2/5 | |
| BBB Rating | A+ | A- |
Comparative Historical APY Insights (Last 10 Months)
| Newtek Bank | Presidential Bank | ||
|---|---|---|---|
| Product | Personal High Yield Savings | vs | Advantage Savings |
| Latest APY | 4.35 % | 4.50 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -2.8 | 0.0 | |
| Rate Changes / Mo | 0.39 | 0.00 | |
| Days Since Last Change | 193 | 306 | |
| High (-10 m) | 4.90 % | 4.50 % | |
| Low (-10 m) | 4.35 % | 4.50 % | |
| Draw-down from High | -11.2 % | 0.0 % | |
| Volatility (CV) | 0.023 | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-10 m)
- Highest APY in the last 308 days.
- Low (-10 m)
- Lowest APY in the last 308 days.
- Draw-down from High
- How far today sits below the 10-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.