Available nationwide, Fitness Bank Savings is offering a competitive 4.90% APY Rate when you meet a step requirement. If you keep reading, you can find out everything you need to know about the attractive account and rate.
Update 12/4/24: The rate has decreased to 4.90% APY from 5.00%. Great account to earn a competitive rate while getting some physical activity daily!
Fitness Bank Savings Review
FitnessBank is a new online, lifestyle bank servicing clients across the United States. You can get the highest APY interest rate on a Fitness Savings Account while living your current, active lifestyle. Additionally, they offer a step-tracking app that ties activity goals to the highest interest rate on the planet — with the protection of an FDIC-Member bank.
I’ll review the Fitness Bank Savings account below.
Fitness Bank Savings Rate
Once you download the bank’s Step Tracker app, it will keep track of your physical steps that you take when you walk or run and you can earn high-interest rates according to how many steps you’ve taken.
- Eligible account: Savings Account
- Credit Inquiry: Soft Pull or Hard Pull? Let us know
- Where it’s available: Nationwide (Online Bank)
- Opening Deposit: $100
- Monthly fee: Unknown
- Early Termination Fee: None listed, check with local CSR
(FDIC Insured)
How to Earn Rate
- Open a Savings Account from Fitness Bank online
- Input your information:
- Personal info
- Social Security number
- Driver license
- Fund the account with a minimum of $100 to get started
- Meet step requirement to earn the tiered rate.
| Step Requirement | APY Rate |
| 12,500 steps or more | 4.90% APY |
| 10,000-12,499 steps | 3.00% APY |
| 7,500-9,999 steps | 1.00% APY |
| 5,000-7,499 steps | 0.75% APY |
| 0-4,999 steps | 0.50% APY |
Fitness Bank Savings Account Features
- The highest rate for a nationally available savings account
- Online banking to efficiently make transfers and payments
- Fitness incentive/motivation to exercise
- FDIC insures your funds so you can have peace of mind
- Earn a high rate on low balance
Is Fitness Bank for You?
If you enjoy online banking and you’re an active individual or looking to be more active, Fitness Bank may be your calling. You’ll enjoy banking with Fitness Bank if you:
- Enjoy the idea of intertwining your fitness goals and being rewarded in interest based on those goals.
- You’re already making an average of 12,500 daily steps (to earn the highest tier APY)
- You prefer mobile and online banking
- Looking for an online savings account with competitive rates that you can pair with your other accounts from other banks/credit unions/financial institutions.
Are My Deposits Safe?
Yes, your deposits are within the protection of a fully accredited, FDIC-Member bank.
Fitness Bank Referral Bonus
Fitness Bank is offering a $25 or $100 bonus when you refer friends/family to open a new account. Get $100 bonus when you refer friends/family to open a checking account and/or $25 bonus when they open savings account.
Terms:
- Bonus is not available if referred person has an active account or has had one within the past 12 months.
- Accounts must be in good standing at time of payment and qualification must be met
- Qualifications are that the account has maintained the $100.00 minimum balance.
- Bonus payment will be transferred into the newly established account and the account of the person making the referral within 45 days after the end of the 90-day qualification period that begins after account opening.
- Bonus may be subject to tax reporting, applicable 1099 may be sent for tax purposes and the customer is responsible for any applicable taxes.
- Due to privacy concerns, we cannot discuss the status of the referred account with the referrer.
- At time of application the referred person must enter in the promo code field the word Bonus + the referrer’s name with no spaces. Example – BonusJaneDoe.
- All accounts are subject to Bank approval.
- FitnessBank reserves the right to amend or cancel any part of this offer at any time without notice.
- Regular account fees apply and are subject to change at any time.
- Only one new account per customer is eligible for this Bonus.
- Existing customers may make referrals to multiple new customers.
Fitness Bank Savings Account $50 Bonus (Expired)
For the Free $50 Bonus Deposit when opening an account before December 31, 2022 use promo code : STRONG2022
(FDIC Insured)
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Conclusion
If you want to earn a high rate and are looking for a motivator to be more active, then this is the perfect account for you. However, I would only recommend checking out this account if you average more than 10,000 steps a day.
In addition to the rate from Fitness Bank, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Let us know about your experience with this bank and comment below.
Check back often to see the latest info on Fitness Bank Savings Account.
I AM LOOKING TO TRANSFER $135,000 I R A.
WHAT TYPE ACCOUNT DO YOU OFFER ?
I REQUIRE $800.00 WITHDRAWN MONTHLY.