Newtek Bank vs. UFB Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Newtek BankPersonal High Yield Savings Jan 21, 2026 | UFB DirectUFB Checking and Savings Bundle Jan 21, 2026 |
|---|---|---|
| APY | 4.35% | 3.26% - 3.46% |
Est. Earnings | $5,000+$217 $10,000+$435 $25,000+$1,088 | $5,000+$163 $10,000+$346 $25,000+$865 |
Min Deposit | $0.01 | $5000 |
Snapshot view. Rates subject to change. | ||
Terms | - | The regular savings or money market APY may be boosted up to 3.46% by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. The checking account earns 2% APY. See bank for full details. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDirect Deposit ReqChecking Bundle |
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. UFB Direct
As of Newtek Bank offers an APY of 4.35% for its Personal High Yield Savings account, with a minimum balance of $0.01, compared to UFB Direct's 3.46% APY for its UFB Checking and Savings Bundle account, with a minimum balance of $10,000.
Newtek Bank pays $89 more than UFB Direct on a $10,000 balance after one year. Newtek Bank pays $435, while UFB Direct pays $346 - an APY advantage for Newtek Bank.
In addition, UFB Direct also offers 3.26% APY for the UFB Portfolio Savings account, with a minimum balance of $0.
Why Newtek Bank?
- ✓Higher potential APY (4.35% vs 3.26%-3.46%) on all balances
Why UFB Direct?
- ✓Offers 2.00% APY on Checking Account in addition to the savings APY
- ✓Access to over 90,000 fee-free ATMs
- ✓Higher rated iOS app (4.8 vs 4.5)
- ✓Higher rated Android app (4.3 vs 4.0)
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
Newtek BankNewtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $435 vs $346/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1088 vs $865/yr).
Best for Simplicity
Newtek BankNewtek Bank's Personal High Yield Savings offers 4.35% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
UFB DirectUFB Direct offers an iOS app rated 4.8 (vs. 4.5) and Android app rated 4.3 (vs. 4.0)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $89 more interest on a $10,000 balance than UFB Direct's UFB Checking and Savings Bundle.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Newtek Bank offers a standout Personal High Yield Savings account with an impressive APY of 4.35%, making it a strong choice for savers looking for high returns without any direct deposit requirements or maintenance fees. In contrast, UFB Direct's highest APY is 3.46% through its Checking and Savings Bundle, which necessitates a direct deposit and a minimum balance of $10,000. While UFB Direct provides a solid mobile app experience, Newtek Bank's higher APY and simpler conditions position it as the preferable option for those prioritizing savings growth.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Newtek Bank vs. UFB Direct Savings Calculator
You earn $89 more with Newtek Bank than UFB Direct 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+$435.00(4.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,435.00
UFB Direct
UFB Checking and Savings Bundle
Savings Breakdown
- Interest Earned+$346.00(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,346.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Newtek Bank | UFB Direct |
|---|---|---|
| APY | 4.35% Verified: 1/21/2026 Stable (90d) | 3.46% Range: 3.26% - 3.46% Verified: 1/21/2026 ↘︎ 0.50%90d Change |
| Product Name | Personal High Yield Savings | UFB Checking and Savings Bundle |
| Minimum Deposit | $0.01 | $5000 |
| Min. Balance for APY | $0.01 | $10,000 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | Required |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.5 Android4.0 | iOS4.8 Android4.3 |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | - | The regular savings or money market APY may be boosted up to 3.46% by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. The checking account earns 2% APY. See bank for full details. |
| Next Steps | Visit SiteVerify at Newtek Bank Non-sponsored link to official site | Visit SiteGo to UFB Direct * Secure link to our partner |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Newtek Bank | UFB Direct | |
|---|---|---|---|
| Personal High Yield Savings | UFB Checking and Savings Bundle | UFB Portfolio Savings | |
Current APY | 4.35% | 3.46% | 3.26% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -1.1 | -6.9 | -6.2 |
Days Since Change | 285 | 15 | 15 |
12-Month High | 4.55% | 4.21% | 4.01% |
12-Month Low | 4.35% | 3.46% | 3.26% |
Adjustments / Mo | 0.16 | 0.41 | 0.41 |
Volatility Score | 0.013 | 0.067 | 0.070 |
How to read these metrics(Click to expand)
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