Rate (APY)
4.20% APY
Term
9 months
Minimum Deposit
$2,500
Promotion
N/A
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Rate (APY):
4.20% APY
Term:
9 months
Promotion:
N/A
Minimum Deposit:
$2,500
Newtek Bank shines for its 9-month CD offering a competitive 4.20% APY, making it an excellent choice for those looking for a short-term investment with a high yield. However, the $2,500 minimum deposit may be a barrier for some savers.
Pros:
- High APY
- Short term option
Cons:
- Higher minimum deposit
- Early withdrawal penalties apply
Overall, Newtek Bank's 9-month CD is ideal for investors seeking a short-term, high-yield option, though the $2,500 minimum deposit may limit accessibility for some savers. It's a solid choice for those who can meet the deposit requirement and want to benefit from competitive interest rates.