Newtek Bank Wins SBA Lender of the Year, NerdWallet Best Savings Account 2026
Newtek Bank received the SBA Bank Lender of the Year award and NerdWallet’s Best Savings Account 2026 honor after evaluations of over 100 institutions. The bank’s digital-friendly deposit accounts feature attractive rates, no fees, and a 4.6 Trustpilot score following its 2023 acquisition integration.
1. Awards for SBA Lending and Deposits
Newtek Bank was named SBA Bank Lender of the Year by The Coleman Report and awarded Best Savings Account 2026 by NerdWallet after evaluating over 100 institutions. These recognitions reflect the bank’s leading SBA lending volume and deposit product competitiveness.
2. Acquisition and Business Integration
Following its 2023 acquisition of Newtek Bank, NewtekOne transitioned SBA lending operations into the bank subsidiary, integrating business lending with a full suite of deposit products. This strategic move expanded the company’s service offerings to independent business owners nationwide.
3. Deposit Account Features and Customer Feedback
Newtek Bank’s deposit accounts feature attractive interest rates, no monthly fees, and a seamless digital onboarding process. The bank’s 4.6 Trustpilot score underscores high customer satisfaction and positions it favorably in the competitive retail banking market.