Newtek Bank vs. Valley 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 | Valley DirectHigh-Yield Savings Account Jan 21, 2026 |
|---|---|---|
| APY | 4.35% | 3.40% - 4.00% |
Est. Earnings | $5,000+$217 $10,000+$435 $25,000+$1,088 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
Min Deposit | $0.01 | $1,000 |
Snapshot view. Rates subject to change. | ||
Terms | - | Promo rate for new customers. 3.40% APY applies to existing customers. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported |
Comparison Analysis
Comparing Newtek Bank vs. Valley 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 Valley Direct's 4.00% APY for its High-Yield Savings Account, with a minimum balance of $0.01.
Newtek Bank pays $35 more than Valley Direct on a $10,000 balance after one year. Newtek Bank pays $435, while Valley Direct pays $400 - an APY advantage for Newtek Bank.
Why Newtek Bank?
- ✓Higher potential APY (4.35% vs 4.00%) on all balances
- ✓Available to New & Existing Customers
Why Valley Direct?
- ✓Higher rated Android app (4.6 vs 4.0)
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
Newtek BankNewtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $435 vs $400/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1088 vs $1000/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 4.6 (vs. 4.0)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $35 more interest on a $10,000 balance than Valley Direct's High-Yield Savings Account.
*This comparison accounts for Valley Direct's introductory promotional rate, yet Newtek Bank's standard rate still yields a higher 1-year return.
Executive Summary as of
Newtek Bank offers a Personal High Yield Savings account with a competitive APY of 4.35%, making it a strong choice for savers, particularly as it requires no direct deposit and has no maintenance fees. This account is entirely online, allowing for easy access and management. In contrast, Valley Direct's High-Yield Savings Account provides a slightly lower APY of 4.00%, but is limited to new customers for the advertised rate, while existing customers receive a lower rate of 3.40%. Valley Direct also features a well-rated mobile app, enhancing user experience. Overall, Newtek Bank's higher APY and simpler terms position it as the preferred option.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
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Newtek Bank vs. Valley Direct Savings Calculator
You earn $35 more with Newtek Bank than Valley 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
Valley Direct
High-Yield Savings Account
Promo Rate: 4.00% for 12 months, then 3.40%.
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Newtek Bank | Valley Direct |
|---|---|---|
| APY | 4.35% Verified: 1/21/2026 Stable (90d) | 4.00% Range: 3.40% - 4.00% Verified: 1/21/2026 ↘︎ 0.10%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 | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.5 Android4.0 | iOS4.8 Android4.6 |
| Zelle® Support | Not Supported | Available Allows Zelle directly on HYSA. |
| BBB Rating | A+ | A+ |
| Important Notes | - | Promo rate for new customers. 3.40% APY applies to existing customers. |
| Next Steps | Visit SiteVerify at Newtek Bank Non-sponsored link to official site | Visit SiteVerify at Valley Direct Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Newtek Bank | Valley Direct |
|---|---|---|
| Personal High Yield Savings | High-Yield Savings Account | |
Current APY | 4.35% | 4.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -1.1 | -0.2 |
Days Since Change | 285 | 40 |
12-Month High | 4.55% | 4.40% |
12-Month Low | 4.35% | 3.75% |
Adjustments / Mo | 0.16 | 0.66 |
Volatility Score | 0.013 | 0.044 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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