Many banks that offer the best certificates of deposit often provide a term or two that hits or exceeds 4.00% annual percentage yield (APY). Solid return rates like that aren’t necessarily uncommon.
It is, however, uncommon for a bank to offer five different CD terms which all exceed that mark. Newtek Bank does just that—making it an incredible option for those who want to create a lucrative CD ladder.
If you can get past a few limitations, such as its minimum opening deposits and lack of physical branches, Newtek Bank is a contender as top dog when it comes to APY on your CDs.
Here’s what you need to know about Newtek Bank CD rates.
Rates are current as of July 16, 2025 and are subject to change.
Newtek Bank CD rates and products
Newtek Bank issues just two CD types—standard and business. It doesn’t offer the more specialty account options, such as flexible, jumbo, bump-up, or IRA CDs. If you’re simply looking for a low-risk investment for your money, Newtek Bank will almost certainly meet your needs.
Standard CDs
Newtek Bank’s standard CDs come in eight different term lengths, from six months to five years. The two highest earners are its six and nine month terms, both of which are labeled “limited time” as of this writing—but what CD rates aren’t?
Newtek Bank standard CD rates
| Term length | APY |
|---|---|
| 6 months | 4.40% |
| 9 months | 4.40% |
| 12 months | 4.25% |
| 18 months | 4.20% |
| 24 months | 4.20% |
| 36 months | 3.90% |
| 48 months | 2.00% |
| 60 months | 2.00% |
| 6 months | |
|---|---|
| APY | 4.40% |
| 9 months | |
| APY | 4.40% |
| 12 months | |
| APY | 4.25% |
| 18 months | |
| APY | 4.20% |
| 24 months | |
| APY | 4.20% |
| 36 months | |
| APY | 3.90% |
| 48 months | |
| APY | 2.00% |
| 60 months | |
| APY | 2.00% |
Bank details checked July 16, 2025
Business CDs
Business CDs are a smart low-risk investment for business owners trying to grow their establishment’s savings. Similar to its standard CDs, Newtek Bank offers eight term lengths for business owners but with slightly tweaked choices. You’ll get a three-month option in place of a nine-month option.
We will note that business CDs offer lower APY in some cases than standard CDs at Newtek.
Newtek Bank Business CD rates
| Term length | APY |
|---|---|
| 6 months | 4.25% |
| 9 months | 4.25% |
| 12 months | 4.15% |
| 18 months | 4.00% |
| 24 months | 3.75% |
| 36 months | 3.50% |
| 48 months | 1.00% |
| 60 months | 1.00% |
| 6 months | |
|---|---|
| APY | 4.25% |
| 9 months | |
| APY | 4.25% |
| 12 months | |
| APY | 4.15% |
| 18 months | |
| APY | 4.00% |
| 24 months | |
| APY | 3.75% |
| 36 months | |
| APY | 3.50% |
| 48 months | |
| APY | 1.00% |
| 60 months | |
| APY | 1.00% |
Bank details checked July 16, 2025
Compare Newtek Bank to top competitors
Newtek Bank CD rates are excellent when compared to traditional full-service banks. But it’s possible to find higher rates for select terms. Here’s a look at Newtek Bank beside its competitors.
 Newtek Bank |  Discover Bank |  Northern Bank Direct |
|---|---|---|
| 6 months | 6 months | 6 months |
| 4.40% | 3.50% | 4.25% |
| 9 months | 9 months | 9 months |
| 4.40% | 3.50% | 4.35% |
| 12 months | 12 months | 12 months |
| 4.25% | 4.00% | 4.30% |
| 18 months | 18 months | 18 months |
| 4.20% | 3.80% | 3.50% |
| 24 months | 24 months | 24 months |
| 4.20% | 3.60% | 3.50% |
| Learn more | Learn more | Learn more |
| View offer at MoneyLion | View offer at Discover | View offer at Northern Bank Direct |
Bank details checked July 16, 2025
Learn more about Newtek Bank
Newtek Bank is a digital bank headquartered in Miami, Florida. First established in 1963, it currently possesses more than $1.2 billion in consolidated assets.
The bank has no physical branches, giving it the ability to offer super competitive APY by streamlining operational costs. Though you can’t service your accounts in-person, its customer service representatives are available 24 hours.
Frequently asked questions
What is the minimum deposit for a Newtek Bank CD?
The minimum deposit for a Newtek Bank CD is $2,500. You’ll need to keep at least that much money in your account to earn APY.
What is the early withdrawal penalty for Newtek Bank CDs?
The early withdrawal penalty for Newtek Bank CDs depends on the length of your account’s term. You could be charged as little as 30 days or as much as 180 days of interest on the amount you withdraw.
Does Newtek Bank offer automatic CD renewal?
Yes, Newtek Bank will automatically renew your CD unless you request otherwise.
Does Newtek Bank offer jumbo CD rates?
Newtek Bank does not offer jumbo CD rates. Still, you can add up to $250,000 per account.
Are Newtek Bank CDs FDIC insured?
Yes, Newtek Bank CDs are FDIC insured up to $250,000 per account holder.