Find the latest Newtek Bank CD Rates, Offers, and Promotions here.

Update 4/9/24: The 6 month term has decreased to 5.35% APY (from 5.55%). Minimum has decreased to $2500 (from $50K) and max increased to $250K (from $220K).

Best CD Rates: 5.55% APY 6-Month, 5.15% APY 12-Month, $2,500 minimum deposit, $250K maximum deposit.

Availability: Nationwide

Credit Inquiry: Hard Pull or Soft Pull? Let us know.

About Newtek Bank

Why Newtek Bank? They’re not reimagining banking. They’re redefining it.

Same offerings, different wording. Turns out reimagining banking doesn’t actually help businesses succeed. But redefining banking to provide businesses with the tools and services needed to accelerate their growth does.

That’s why they’ve created an institution that goes beyond banking to provide core solutions that enhance your bottom line. They are your partner for all things business.

*The above rates are accurate as of 7/24/2024*

Newtek Bank CD Rates

CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer a term, the higher APY rate you make. The interest is compounded and credited annually. You can get this interest money monthly by check or ACH to another bank account.

With an opening deposit of $50,000, you can invest in a Newtek Bank CD account to maximize your earnings. Compare their offers now to find the solutions that fit best with your savings goals. Be sure to also check out the CD rates below to potentially find even better rates for you!

• Minimum deposit: $50,000
• Maximum deposit: $220,000
• Early withdrawal penalty: Yes

(FDIC Insured)

Newtek Bank CD Features

• Guaranteed Return (Excluding Variable Rate CD). Lock in a fixed rate and earn more on your funds.
• Flexible Terms. Choose from a variety of terms to find one that works for your business needs.
• Competitive Rates. Reach your financial goals with rates that ensure you’re getting the biggest bang for your buck.
• Easy to Open. Open your CD account online in as little as 5 minutes.

Bottom Line

Newtek Bank offers you competitive CD rates. All you need to do is to pick your CD term, and have a minimum opening deposit of $50,000. Once your funds have matured, you can ACH back to your bank account or get a cashier’s check. They will give you 10 calendar days before automatic renewal.

This is ideal for accounts like Certificate of Deposits. Though the rates are worth checking out, be sure to still compare them with the nation’s best using our guides: CD Rates | Savings Rates.

*While Newtek Bank does have competitive rates compared to traditional banks, I still recommend you take a look at Discover Bank Promotions here

This is a great opportunity to invest in a high-interest CD with a low balance from Newtek Bank. However, you may want to compare them with our best CD Rates:

• Best 6-Month CD Rates
• Best 9-Month CD Rates
• Best 12-Month CD Rates
• Best 18-Month CD Rates
• Best 24-Month CD Rates
• Best 36-Month CD Rates
• Best 48-Month CD Rates
• Best 60-Month CD Rates
• Best No Penalty CD Rates

Be sure to apply as soon as you can to start your new account experience and start earning higher rates. Check back often for the latest Newtek Bank CD rates!

Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.