Rate (APY)
4.00% APY
Term
12 months
Minimum Deposit
$2,500
Promotion
N/A
Apply Now →on Newtek Bank CD's website
Rate (APY):
4.00% APY
Term:
12 months
Promotion:
N/A
Minimum Deposit:
$2,500
The standout feature here is Newtek Bank's competitive rates, which appeal to online savers seeking strong returns without monthly fees. However, the higher minimum deposit requirement may deter some potential customers.
Pros:
- Competitive rates
- No monthly fees
Cons:
- Higher minimum deposit
- Limited term options
Overall, Newtek Bank CD is an excellent choice for online savers looking for a solid return with a competitive 4.00% APY, making it ideal for those who can meet the $2,500 minimum deposit. However, potential customers should consider whether the higher minimum fits their savings strategy.