Newtek Bank vs. Valley Direct
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
Valley Direct
High-Yield Savings Account
Up to4.10%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppRange: 3.50% – 4.10%Show Fine Print & Trends Hide Details
Valley Direct
High-Yield 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. Valley Direct
Why Newtek Bank?
- ✓Higher potential APY (4.35% vs 4.10%) on all balances
- ✓Available to New & Existing Customers
Why Valley Direct?
- ✓Higher rated Android app (4.5 vs 4.2)
— Key Feature Differences —
Better Returns at $10,000
Newtek BankNewtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $435 vs $410/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1087 vs $1025/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
Valley DirectValley Direct offers an iOS app rated 4.8 (vs. 4.5) and Android app rated 4.5 (vs. 4.2)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $25 more interest on a $10,000 balance than Valley Direct's High-Yield Savings Account.
Executive Summary
Newtek Bank offers a Personal High Yield Savings account with a competitive APY of 4.35%, making it the clear winner among the two banks. This account requires a minimum deposit of just $0.01 and does not mandate direct deposit, providing simplicity and accessibility for users. In contrast, Valley Direct's High-Yield Savings Account provides an APY of 4.10%, but this rate is limited to new customers, with existing customers receiving a lower rate of 3.50%. Both accounts are online-only, but Newtek Bank stands out for its higher yield and lack of restrictions.
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 Valley Direct.
| Feature | Newtek Bank | Valley Direct |
|---|---|---|
| APY | 4.35% Verified: 12/6/2025 Stable (90d) | 4.10% Range: 3.50% - 4.10% Verified: 12/6/2025 ↘︎ 0.20%90d Change |
| Product Name | Personal High Yield Savings | High-Yield Savings Account |
| Minimum Deposit | $0.01 | $1,000 |
| Min. Balance for APY | $0.01 | $0.01 |
| 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 | iOS4.8 Android4.5 |
| BBB Rating | A+ | A+ |
| Important Notes | - | Promo rate for new customers. 3.50% APY applies to existing customers. |
| Next Steps |
Savings Comparison
Newtek Bank earns $162.6 more than Valley Direct.
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
Valley Direct
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,499.40(12.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,499.40
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 | Valley Direct |
|---|---|---|
| Personal High Yield Savings | High-Yield Savings Account | |
Current APY | 4.35% | 4.10% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.0 | 1.9 |
Days Since Change | 239 | 71 |
12-Month High | 4.90% | 4.55% |
12-Month Low | 4.35% | 3.75% |
Adjustments / Mo | 0.34 | 0.68 |
Volatility Score | 0.022 | 0.049 |
How to read these metrics(Click to expand)
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