Newtek Bank vs. TIMBR
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
TIMBR
Premium Savings Account
4.40%APYDec 6, 2025FDIC InsuredLow MinimumsShow Fine Print & Trends Hide Details
TIMBR
Premium Savings Account
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
Why Newtek Bank?
- ✓Higher rated iOS app (4.5 vs 0.0)
- ✓Higher rated Android app (4.2 vs 0.0)
Why TIMBR?
No distinct advantages found vs Newtek Bank.
— Key Feature Differences —
Best Mobile App Experience
Newtek BankNewtek Bank offers an iOS app rated 4.5 (vs. 0.0) and Android app rated 4.2 (vs. 0.0)
Shared Benefits
Over a 1-year period, TIMBR's Premium Savings Account pays $5 more interest on a $10,000 balance than Newtek Bank's Personal High Yield Savings.
Executive Summary
Newtek Bank offers a Personal High Yield Savings account with a competitive APY of 4.35%, making it the higher-yielding option compared to TIMBR's Premium Savings Account, which provides an APY of 4.40%. While both banks feature online-only services and no maintenance fees, Newtek Bank has a lower minimum deposit requirement of just $0.01, whereas TIMBR requires a minimum deposit of $1,000. Additionally, Newtek Bank is noted for its superior mobile app experience, with high ratings for both iOS and Android platforms.
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.
Top Market Contenders
See who beats both Newtek Bank and TIMBR.
| Feature | Newtek Bank | TIMBR |
|---|---|---|
| APY | 4.35% Verified: 12/6/2025 Stable (90d) | 4.40% Verified: 12/6/2025 Stable (90d) |
| 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 |
| 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 | iOS- Android- |
| BBB Rating | A+ | A+ |
| Next Steps |
Savings Comparison
TIMBR earns $32.7 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
TIMBR
Premium Savings Account
Savings Breakdown
- Interest Earned+$2,694.70(13.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,694.70
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 | TIMBR |
|---|---|---|
| Personal High Yield Savings | Premium Savings Account | |
Current APY | 4.35% | 4.40% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.9 | -1.3 |
Days Since Change | 239 | 236 |
10-Month High | 4.45% | 4.55% |
10-Month Low | 4.35% | 4.40% |
Adjustments / Mo | 0.10 | 0.10 |
Volatility Score | 0.009 | 0.013 |
How to read these metrics(Click to expand)
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