Climate First Bank vs. Newtek Bank
Climate First Bank's Super Duper Savings Account pays 4.01% APY while Newtek Bank's Personal High Yield Savings pays 4.20% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Newtek Bank pays $19 more than Climate First Bank annually ($420 vs $401).
Choose Climate First Bank if you value in-person banking, or you want Zelle for quick transfers. Choose Newtek Bank if getting the best rate matters most, you're an iPhone user (no iOS app for Climate First Bank), or you're an Android user (no Android app for Climate First Bank).
| Metric | Climate First BankSuper Duper Savings Account Sep 5, 2026 | Newtek BankPersonal High Yield Savings Sep 5, 2026 |
|---|---|---|
| APY | 4.01% | 4.20% |
Earns in a year | $5,000+$200 $10,000+$401 $25,000+$1,002 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min. Deposit | $50 | $100 |
Snapshot view. Rates subject to change. | ||
Terms | - | Newtek Bank has paused new applications for this account. New customers can only join a waitlist. The advertised APY applies to existing accounts. |
| Features | FDIC InsuredLow MinimumsIn-Person AccessZelle® SupportedDaily CompoundingStable Rate | FDIC InsuredLow MinimumsGreat iOS AppDaily CompoundingStable Rate |
Comparison Analysis
Comparing Climate First Bank vs. Newtek Bank
Executive Summary
Newtek Bank offers a Personal High Yield Savings account with an APY of 4.20%, which is slightly lower than Climate First Bank's Business Money Market account at 4.26%. However, Newtek Bank has paused new applications for this account, limiting access to existing customers who can join a waitlist. Climate First Bank's Business Money Market account requires a primary business checking relationship to qualify, while its Super Duper Savings Account offers a competitive APY of 4.01% for those who meet the minimum deposit requirement of $5,000. Both banks provide FDIC insurance and are available nationally, but Newtek Bank operates online only.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Climate First Bank?
- Physical branch access (3 locations in Florida (St. Petersburg, Mount Dora, Winter Park), and one coming soon in Orlando, FL)
- Offers 3 different high-yield savings options
- Fast transfers via Zelle®
Why Newtek Bank?
- Higher potential APY (4.20% vs 3.56%-4.01%) on all balances
- Higher rated iOS app (4.5 vs 0.0)
Key Feature Differences
Better Returns at $10,000
Newtek BankNewtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $420 vs $401/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $1002/yr).
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $19 more interest on a $10,000 balance than Climate First Bank's Super Duper Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Climate First Bank vs. Newtek Bank Savings Calculator
You earn $19 more with Newtek Bank than Climate First Bank 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.
Climate First Bank
Super Duper Savings Account
Savings Breakdown
- Interest Earned+$401.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,401.00
Newtek Bank
Personal High Yield Savings
Savings Breakdown
- Interest Earned+$420.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,420.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $396 a year in interest.
Both Climate First Bank and Newtek Bank advertise far more than that typical branch-bank rate.
| Feature | Climate First Bank | Newtek Bank |
|---|---|---|
| APY | 4.01% Observed: 9/5/2026 Stable over 90 days | 4.20% Observed: 9/5/2026 Stable over 90 days |
| Product Name | Super Duper Savings Account | Personal High Yield Savings |
| Minimum Deposit | $50 | $100 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0, if electronic statements selected, otherwise $5 | $0 |
| Compound Frequency | daily | Daily |
| In-Branch Access | Yes | No |
| Account Type | Online & Branches | Online Only |
| Physical Branches | 4 (FL) | 1 (FL) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Verified in Climate First Bank Personal app. | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | - | Newtek Bank has paused new applications for this account. New customers can only join a waitlist. The advertised APY applies to existing accounts. |
| Next Steps | Visit SiteVerify at Climate First Bank Non-sponsored link to official site | Visit SiteVerify at Newtek Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Climate First Bank | Newtek Bank | |
|---|---|---|---|
| Business Money Market | Super Duper Savings Account | Personal High Yield Savings | |
Current APY | 4.26% | 4.01% | 4.20% |
Trend | Stable | Stable | Stable |
Speed of change | -0.03 | -0.02 | -0.02 |
Days Since Change | 149 | 190 | 212 |
9-Month High | 4.51% | 4.21% | 4.35% |
9-Month Low | 4.26% | 4.01% | 4.20% |
Changes per month | 0.11 | 0.11 | 0.11 |
Steadiness | 0.023 | 0.009 | 0.006 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 284-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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High Rates (With Checking Bundle)
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More Comparisons
Compare Climate First Bank's APY of 4.01% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Climate First Bank vs Ally Bank | 3.00% | $0 |
| Climate First Bank vs American Express | 3.00% | $0 |
| Climate First Bank vs Axos Bank | 4.21% | $0 |
| Climate First Bank vs Barclays | 3.65% | $0 |
| Climate First Bank vs Capital One | 3.50% | $0 |
| Climate First Bank vs Chime | 3.75% | $0 |
| Climate First Bank vs CIT Bank | 3.75% | $100 |
| Climate First Bank vs EverBank | 3.90% | $0 |
| Climate First Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Climate First Bank vs Openbank | 3.80% | $500 |
| Climate First Bank vs Pibank | 4.10% | $0 |
| Climate First Bank vs SoFi Bank | 4.00% | $0 |
| Climate First Bank vs Synchrony Bank | 3.30% | $0 |
| Climate First Bank vs Varo Bank | 3.75% | $0 |
| Climate First Bank vs Wealthfront | 3.95% | $0 |