Newtek Bank vs. Zynlo Bank
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
Zynlo Bank
Tomorrow Savings Account
4.05%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppShow Fine Print & Trends Hide Details
Zynlo Bank
Tomorrow 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. Zynlo Bank
Why Newtek Bank?
- ✓Higher potential APY (4.35% vs 4.05%) on all balances
- ✓Higher rated iOS app (4.5 vs 4.0)
- ✓Higher rated Android app (4.2 vs 3.5)
Why Zynlo Bank?
No distinct advantages found vs Newtek Bank.
— Key Feature Differences —
Better Returns at $10,000
Newtek BankNewtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $435 vs $405/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1087 vs $1013/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
Newtek BankNewtek Bank offers an iOS app rated 4.5 (vs. 4.0) and Android app rated 4.2 (vs. 3.5)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $30 more interest on a $10,000 balance than Zynlo Bank's Tomorrow Savings Account.
Executive Summary
Newtek Bank offers a competitive Personal High Yield Savings account with an APY of 4.35%, which is higher than Zynlo Bank's Tomorrow Savings Account, which has an APY of 4.05%. Newtek's account stands out for its simplicity, requiring no direct deposit and having no maintenance fees, making it a strong choice for savers. Additionally, it provides better returns on larger deposits compared to Zynlo Bank. Both banks operate online only, and Newtek Bank also boasts a better-rated mobile app experience. Zynlo Bank's account, while slightly lower in APY, still requires a minimum deposit of $10.
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 Zynlo Bank.
| Feature | Newtek Bank | Zynlo Bank |
|---|---|---|
| APY | 4.35% Verified: 12/6/2025 Stable (90d) | 4.05% Verified: 12/6/2025 ↘︎ 0.30%90d Change |
| Product Name | Personal High Yield Savings | Tomorrow Savings Account |
| Minimum Deposit | $0.01 | $10 |
| 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 | iOS4.0 Android3.5 |
| BBB Rating | A+ | A+ |
| Next Steps |
Savings Comparison
Newtek Bank earns $195 more than Zynlo Bank.
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
Zynlo Bank
Tomorrow Savings Account
Savings Breakdown
- Interest Earned+$2,467.00(12.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,467.00
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 | Zynlo Bank |
|---|---|---|
| Personal High Yield Savings | Tomorrow Savings Account | |
Current APY | 4.35% | 4.05% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.6 | -2.6 |
Days Since Change | 239 | 14 |
9-Month High | 4.45% | 4.35% |
9-Month Low | 4.35% | 4.05% |
Adjustments / Mo | 0.11 | 0.23 |
Volatility Score | 0.007 | 0.022 |
How to read these metrics(Click to expand)
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