Rate (APY)
4.00% APY
Term
6 months
Minimum Deposit
$2,500
Promotion
N/A
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Rate (APY):
4.00% APY
Term:
6 months
Promotion:
N/A
Minimum Deposit:
$2,500
What sets Newtek Bank apart is its straightforward offering of a 4.00% APY for a 6-month CD, which is accessible for both personal and business accounts. This flexibility, along with a solid interest rate, makes it a strong contender for those looking to maximize their savings.
Pros:
- High APY
- Available for personal and business accounts
Cons:
- Higher minimum deposit required
Overall, Newtek Bank is an excellent choice for individuals and businesses seeking a competitive 4.00% APY on a 6-month CD, particularly for those who can meet the $2,500 minimum deposit requirement. Its straightforward terms and solid interest rate make it an attractive option for maximizing savings.