Newtek Bank vs. Wealthfront
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Newtek Bank vs. Wealthfront
Key Metrics at a Glance
| Feature | Newtek Bank | Wealthfront |
|---|---|---|
| Top Savings APY | 4.35% Personal High Yield Savings | 4.15% Cash Account |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0.01 | $0 |
| Note | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. |
Newtek Bank
Strengths
- Newtek Bank offers a higher APY of 4.35% compared to Wealthfront's 4.15%.
- Newtek Bank has an A+ BBB rating and is BBB Accredited.
- Newtek Bank has no maintenance fees or minimum balance requirements.
Potential Drawbacks
- Newtek Bank has no physical branches.
- Newtek Bank's APY has not changed in the last 30 days.
Wealthfront
Strengths
- Wealthfront has a higher App Store rating of 4.8 compared to Newtek Bank's 4.5.
- Wealthfront has a higher Google Play rating of 4.9 compared to Newtek Bank's 4.2.
Potential Drawbacks
- Wealthfront has a lower APY of 4.15% compared to Newtek Bank's 4.35%.
- Wealthfront has an F BBB rating and is not BBB Accredited.
→ 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 Wealthfront's 4.15% APY for its Cash Account, with a minimum balance of $0.
→ Newtek Bank yields $20 more than Wealthfront on a $10,000 balance after one year. Newtek Bank pays $435, while Wealthfront pays $415 - an APY advantage for Newtek Bank.
Calculate Savings Growth for Newtek Bank vs Wealthfront
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 OverviewWealthfront - Cash Account
Total savings breakdown:
- Interest earned: $2,531.8 (12.33%)
- Total contributions: $13,000 (63.32%)
- Initial deposit: $5,000 (24.35%)
Your total balance
$20,531.80
Total balance: $20,531.8
Earnings: $2,531.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Newtek Bank's total earnings would be $130.2 higher than Wealthfront's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Newtek Bank's vs Wealthfront's Savings Accounts
| Newtek Bank | Wealthfront | ||
|---|---|---|---|
| Product | Personal High Yield Savings | vs | Cash Account |
| APY | 4.35% (as of 11/12/2025) | 3.50% - 4.15% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0.01 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Note | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. | ||
| App Store Rating | 4.5/5 | 4.8/5 | |
| Google Play Rating | 4.2/5 | 4.9/5 | |
| BBB Rating | A+ | F |
No historical data available.