Newtek Bank vs. TIMBR
Newtek Bank edges out TIMBR slightly at 4.20% vs 4.15% APY. On a $10,000 balance, the difference is just $5 per year—so other factors may matter more.
The Bottom Line
The Newtek Bank and TIMBR savings accounts are very similar. Choose Newtek Bank if you're an iPhone user (no iOS app for TIMBR), or you're an Android user (no Android app for TIMBR).
| Metric | Newtek BankPersonal High Yield Savings Mar 7, 2026 | TIMBRPremium Savings Account Mar 7, 2026 |
|---|---|---|
| APY | 4.20% | 4.15% |
Est. Earnings | $5,000+$210 $10,000+$420 $25,000+$1,050 | $5,000+$208 $10,000+$415 $25,000+$1,038 |
Min Deposit | $0.01 | $1,000 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppDaily CompoundingRate Changes Often | FDIC InsuredLow 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. TIMBR
Executive Summary
Newtek Bank offers a Personal High Yield Savings account with an attractive APY of 4.20%. This account requires a minimum deposit of just $0.01 and has no maintenance fees, making it accessible for most savers. On the other hand, TIMBR's Premium Savings Account provides a slightly lower APY of 4.15%, with a minimum deposit requirement of $1,000. Both accounts are online-only and do not require direct deposit, appealing to those looking for flexible savings options. Overall, Newtek Bank's higher APY positions it as the winner.
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 0.0)
Why TIMBR?
No distinct advantages found vs Newtek Bank.
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $5 more interest on a $10,000 balance than TIMBR's Premium Savings Account.
*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
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Newtek Bank vs. TIMBR Savings Calculator
You earn $5 more with Newtek Bank than TIMBR 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
TIMBR
Premium Savings Account
Savings Breakdown
- Interest Earned+$415.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,415.00
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 $414 per year in interest.
Both Newtek Bank and TIMBR dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Newtek Bank | TIMBR |
|---|---|---|
| APY | 4.20% Verified: 3/7/2026 ↘︎ 0.15%90d Change | 4.15% Verified: 3/7/2026 ↘︎ 0.25%90d Change |
| Product Name | Personal High Yield Savings | Premium Savings Account |
| Minimum Deposit | $0.01 | $1,000 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | N/A |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS- Android- | |
| 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 TIMBR Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Newtek Bank | TIMBR |
|---|---|---|
| Personal High Yield Savings | Premium Savings Account | |
Current APY | 4.20% | 4.15% |
Trend | Stable | Stable |
Velocity (bps/mo) | -1.0 | -2.4 |
Days Since Change | 29 | 58 |
12-Month High | 4.45% | 4.55% |
12-Month Low | 4.20% | 4.15% |
Adjustments / Mo | 0.16 | 0.16 |
Volatility Score | 0.013 | 0.026 |
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 TIMBR's APY of 4.15% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| TIMBR vs Ally Bank | 3.20% | $0 |
| TIMBR vs American Express | 3.30% | $0 |
| TIMBR vs Axos Bank | 4.21% | $0 |
| TIMBR vs Bank of America | 0.01% | $100 |
| TIMBR vs Barclays | 3.85% | $0 |
| TIMBR vs Capital One | 3.30% | $0 |
| TIMBR vs Chase Bank | 0.01% | $0 |
| TIMBR vs Chime | 3.00% | $0 |
| TIMBR vs CIT Bank | 3.75% | $100 |
| TIMBR vs Citibank | 3.20% | $0 |
| TIMBR vs Discover Bank | 3.30% | $0 |
| TIMBR vs EverBank | 3.90% | $0 |
| TIMBR vs Marcus by Goldman Sachs | 3.65% | $0 |
| TIMBR vs Openbank | 4.09% | $500 |
| TIMBR vs Pibank | 4.60% | $0 |
| TIMBR vs SoFi Bank | 4.00% | $0 |
| TIMBR vs Synchrony Bank | 3.50% | $0 |
| TIMBR vs Varo Bank | 5.00% | $0 |
| TIMBR vs Wealthfront | 4.20% | $0 |
| TIMBR vs Wells Fargo | 0.05% | $25 |