Many banks that offer the best certificates of deposit often provide a term or two that hits or exceeds 3.00% annual percentage yield (APY). Solid return rates like that aren’t necessarily uncommon.
TL;DR
- Newtek Bank offers competitive CD rates, with five terms exceeding 3.00% APY.
- Standard and Business CDs are available with terms from three months to five years.
- Minimum opening deposit for Newtek Bank CDs is $2,500, with varying early withdrawal penalties.
- Newtek Bank is a digital bank with no physical branches, offering 24/7 customer support.
While it's unusual for a bank to provide five distinct CD durations that all surpass that threshold, Newtek Bank accomplishes this, presenting an excellent choice for individuals aiming to construct a profitable CD ladder.
Newtek Bank presents itself as a strong contender for the highest APY on CDs, despite its minimum opening deposit requirements and absence of physical branches.
Here’s what you need to know about Newtek Bank CD rates.
Rates are current as of Nov. 7, 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 offers standard CDs with eight distinct term options, ranging from six months up to five years. The CDs that usually yield the most are identified as “limited time”—however, what CD rates aren't?
Newtek Bank standard CD rates
| Term length | APY |
|---|---|
| 6 months | 4.20% |
| 9 months | 4.00% |
| 12 months | 4.00% |
| 18 months | 3.95% |
| 24 months | 3.90% |
| 36 months | 3.80% |
| 48 months | 2.00% |
| 60 months | 2.00% |
| 6 months | |
|---|---|
| APY | 4.20% |
| 9 months | |
| APY | 4.00% |
| 12 months | |
| APY | 4.00% |
| 18 months | |
| APY | 3.95% |
| 24 months | |
| APY | 3.90% |
| 36 months | |
| APY | 3.80% |
| 48 months | |
| APY | 2.00% |
| 60 months | |
| APY | 2.00% |
Bank details checked Nov. 7, 2025
Business CDs
For business owners aiming to expand their company's savings, Business CDs represent a prudent, low-risk investment. Newtek Bank provides business owners with eight term length selections, much like its regular CDs, but with minor adjustments to the options. A three-month choice is available instead of a nine-month one.
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 |
|---|---|
| 3 months | 3.50% |
| 6 months | 4.00% |
| 12 months | 4.00% |
| 18 months | 3.95% |
| 24 months | 3.75% |
| 36 months | 3.50% |
| 48 months | 1.00% |
| 60 months | 1.00% |
| 3 months | |
|---|---|
| APY | 3.50% |
| 6 months | |
| APY | 4.00% |
| 12 months | |
| APY | 4.00% |
| 18 months | |
| APY | 3.95% |
| 24 months | |
| APY | 3.75% |
| 36 months | |
| APY | 3.50% |
| 48 months | |
| APY | 1.00% |
| 60 months | |
| APY | 1.00% |
Bank details checked Nov. 7, 2025
Newtek Bank's standing against its main rivals
When contrasted with conventional full-service financial institutions, Newtek Bank's CD rates stand out as superior. Nevertheless, certain durations might offer even more advantageous rates. This analysis compares Newtek Bank against its rivals.
 Newtek Bank |  Discover Bank |  Northern Bank Direct |
|---|---|---|
| 6 months | 6 months | 6 months |
| 4.20% | 3.50% | 4.00% |
| 9 months | 9 months | 9 months |
| dynamic]Newtek-Standard-9monthCD-APY[/dynamic] | 3.50% | |
| 12 months | 12 months | 12 months |
| 4.00% | 4.05% | 3.25% |
| 18 months | 18 months | 18 months |
| 3.95% | 3.70% | 3.50 |
| 24 months | 24 months | 24 months |
| 3.90% | 3.50% | 3.25% |
| Learn more | Learn more | Learn more |
| View offer at MoneyLion | View offer at Discover | View offer at Northern Bank Direct |
Bank details checked Nov. 7, 2025
Learn more about Newtek Bank
Newtek Bank, a digital financial institution with its main office in Miami, Florida, was originally founded in 1963 and now holds over $1.2 billion in combined assets.
Operating without physical locations allows the bank to provide highly competitive APY by reducing overhead. While in-person account servicing isn't an option, customer support is accessible around the clock.
Frequently asked questions
The smallest amount needed to open a Newtek Bank CD is $500.
To open a Newtek Bank CD, you must deposit a minimum of $2,500. This is the lowest amount required to be eligible for APY earnings.
Newtek Bank CDs do not have an early withdrawal penalty.
Newtek Bank CDs have an early withdrawal penalty that varies based on your account's term length. Depending on the withdrawal amount, you might face a penalty equivalent to 30 to 180 days of interest.
Does Newtek Bank provide automatic CD renewal options?
Yes, Newtek Bank will automatically renew your CD unless you request otherwise.
Newtek Bank provides jumbo CD rates.
Newtek Bank does not offer jumbo CD rates. Still, you can add up to $250,000 per account.
Yes, Newtek Bank CDs are FDIC insured.
Yes, Newtek Bank CDs are FDIC insured up to $250,000 per account holder.