Newtek Bank vs. Vio Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Newtek Bank vs. Vio Bank
Key Metrics at a Glance
| Feature | Newtek Bank | Vio Bank |
|---|---|---|
| Top Savings APY | 4.35% Personal High Yield Savings | 4.21% Online Savings Account |
| Minimum to Open | $0 | $100 |
| Minimum Balance for Top APY | $0.01 | $0 |
Newtek Bank
Strengths
- Newtek Bank offers a higher APY of 4.35% compared to Vio Bank's 4.21%.
- Newtek Bank has no minimum deposit requirement for its high yield savings account.
- Newtek Bank has a solid App Store rating of 4.5.
Potential Drawbacks
- Newtek Bank has no physical branches available.
- Newtek Bank's Google Play rating is lower at 4.2 compared to Vio Bank.
Vio Bank
Strengths
- Vio Bank's App Store rating is slightly higher at 4.6.
- Vio Bank offers a maintenance fee waiver with electronic statements.
Potential Drawbacks
- Vio Bank's APY of 4.21% is lower than Newtek Bank's 4.35%.
- Vio Bank requires a minimum deposit of $100 to open an account.
→ As of November 12, 2025 Newtek Bank offers an APY of 4.35% for its Personal High Yield Savings account, with a minimum balance of $0.01, compared to Vio Bank's 4.21% APY for its Online Savings Account, with a minimum balance of $0.
→ Newtek Bank yields $14 more than Vio Bank on a $10,000 balance after one year. Newtek Bank pays $435, while Vio Bank pays $421 - an APY advantage for Newtek Bank.
Calculate Savings Growth for Newtek Bank vs Vio Bank
Newtek Bank - Personal High Yield Savings
Total savings breakdown:
- Interest earned: $2,662 (12.88%)
- Total contributions: $13,000 (62.92%)
- Initial deposit: $5,000 (24.20%)
Your total balance
$20,662.00
Total balance: $20,662
Earnings: $2,662
Bank OverviewVio Bank - Online Savings Account
Total savings breakdown:
- Interest earned: $2,570.8 (12.50%)
- Total contributions: $13,000 (63.20%)
- Initial deposit: $5,000 (24.31%)
Your total balance
$20,570.80
Total balance: $20,570.8
Earnings: $2,570.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Newtek Bank's total earnings would be $91.2 higher than Vio Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Newtek Bank's vs Vio Bank's Savings Accounts
| Newtek Bank | Vio Bank | ||
|---|---|---|---|
| Product | Personal High Yield Savings | vs | Online Savings Account |
| APY | 4.35% (as of 11/12/2025) | 4.21% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $100 | |
| Minimum Balance for APY | $0.01 | $0 | |
| Maintenance Fee | $0 | $0, if electronic statements selected, otherwise $5 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 4.5/5 | 4.6/5 | |
| Google Play Rating | 4.2/5 | 3.3/5 | |
| BBB Rating | A+ | A+ |
No historical data available.