Newtek Bank vs. PNC
Newtek Bank's Personal High Yield Savings pays 4.20% APY while PNC's PNC High Yield Savings pays 3.15% 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 $105 more than PNC annually ($420 vs $315).
Choose Newtek Bank if getting the best rate matters most. Choose PNC if you value in-person banking, you're an Android user, or you want Zelle for quick transfers.
| Metric | Newtek BankPersonal High Yield Savings Sep 5, 2026 | PNCPNC High Yield Savings Sep 7, 2026 |
|---|---|---|
| APY | 4.20% | 3.15% |
Earns in a year | $5,000+$210 $10,000+$420 $25,000+$1,050 | $5,000+$158 $10,000+$315 $25,000+$788 |
Min. Deposit | $100 | $0 |
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. | Eligibility restricted to select states. |
| Features | FDIC InsuredLow MinimumsGreat iOS AppDaily CompoundingStable Rate | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedRate Changes Often |
Comparison Analysis
Comparing Newtek Bank vs. PNC
Executive Summary
Newtek Bank offers a Personal High Yield Savings account with a competitive APY of 4.20%, making it the standout option compared to PNC's highest APY of 3.15% from their High Yield Savings account. Newtek's account has no direct deposit requirement and allows for a minimum deposit of $10,000, although new applications are paused, and customers can only join a waitlist. In contrast, PNC's High Yield Savings is available in select states and requires a minimum deposit of $0, but has a lower yield. Overall, Newtek Bank provides significantly better returns for savers.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Newtek Bank?
- Higher potential APY (4.20% vs 3.15%) on all balances
- Available Nationwide
Why PNC?
- Physical branch access (Multiple branches in AL, AZ, CA, CO, DE, DC, FL, GA, IL, IN, KS, KY, MD, MA, MI, MO, NJ, NM, NY, NC, OH, PA, SC, TN, TX, VA, WV, WI)
- Higher rated iOS app (4.8 vs 4.5)
- Higher rated Android app (4.5 vs 3.9)
- Fast transfers via Zelle® (up to $2,000 a day)
Key Feature Differences
Better Returns at $10,000
Newtek BankNewtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $420 vs $315/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $788/yr).
Better for Simplicity
Newtek BankNewtek Bank's Personal High Yield Savings offers 4.20% APY with no bundling, direct deposit requirement or caps.
Better Mobile App Experience
PNCPNC offers an iOS app rated 4.8 (vs. 4.5) and Android app rated 4.5 (vs. 3.9)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $105 more interest on a $10,000 balance than PNC's PNC High Yield Savings.
*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
Newtek Bank vs. PNC Savings Calculator
You earn $105 more with Newtek Bank than PNC 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+$420.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,420.00
PNC
PNC High Yield Savings
Savings Breakdown
- Interest Earned+$315.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,315.00
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 $310 a year in interest.
Both Newtek Bank and PNC advertise far more than that typical branch-bank rate.
| Feature | Newtek Bank | PNC |
|---|---|---|
| APY | 4.20% Observed: 9/5/2026 Stable over 90 days | 3.15% Observed: 9/7/2026 0.10%90-day change |
| Product Name | Personal High Yield Savings | PNC High Yield Savings |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | $0.01 | $1 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Monthly |
| In-Branch Access | No | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | 1 (FL) | 2,420 (AL, AZ, CA, CO, DC, DE, FL, GA (+20 more)) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Limit: $2,000/dayCentral to Virtual Wallet suite. |
| 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. | Eligibility restricted to select states. |
| Next Steps | Visit SiteVerify at Newtek Bank Non-sponsored link to official site | Visit SiteVerify at PNC Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Newtek Bank | PNC | |
|---|---|---|---|
| Personal High Yield Savings | PNC High Yield Savings | Standard Savings | |
Current APY | 4.20% | 3.15% | 0.03% |
Trend | Stable | Stable | Stable |
Speed of change | -0.01 | -0.12 | -0.00 |
Days Since Change | 214 | 83 | 363 |
12-Month High | 4.35% | 3.95% | 0.03% |
12-Month Low | 4.20% | 3.15% | 0.03% |
Changes per month | 0.08 | 0.49 | 0.00 |
Steadiness | 0.004 | 0.067 | 0.000 |
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 364-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.
Compare Similar High-Yield Accounts
Compare Newtek Bank vs...
Comparing against Standard Savings
Compare PNC vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.
More Comparisons
Compare Newtek Bank's APY of 4.20% with other banks
Compare PNC's APY of 3.15% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| PNC vs Ally Bank | 3.00% | $0 |
| PNC vs American Express | 3.00% | $0 |
| PNC vs Axos Bank | 4.21% | $0 |
| PNC vs Barclays | 3.65% | $0 |
| PNC vs Capital One | 3.50% | $0 |
| PNC vs Chime | 3.75% | $0 |
| PNC vs CIT Bank | 3.75% | $100 |
| PNC vs EverBank | 3.90% | $0 |
| PNC vs Marcus by Goldman Sachs | 3.40% | $0 |
| PNC vs Openbank | 3.80% | $500 |
| PNC vs Pibank | 4.10% | $0 |
| PNC vs SoFi Bank | 4.00% | $0 |
| PNC vs Synchrony Bank | 3.30% | $0 |
| PNC vs Varo Bank | 3.75% | $0 |
| PNC vs Wealthfront | 3.95% | $0 |