Ally Bank vs Fitness Bank
High-Yield Savings Accounts Comparison
Last Updated: July 7, 2025
Summary of Ally Bank vs. Fitness Bank
As of July 7, 2025 Ally Bank offers an APY of 3.50% for its Savings Account account, compared to Fitness Bank's 5.00% APY for its Fitness Elite Checking & Fitness Savings Combo account.
Fitness Bank yields $150 more than Ally Bank on a $10,000 balance after one year. Ally Bank pays $350, while Fitness Bank pays $500 - an APY advantage for Fitness Bank.
In addition, Fitness Bank also offers 4.55% APY for the Fitness Savings Account account.
Ally Bank
Strengths
- Ally Bank offers a competitive APY of 3.50%, though it decreased from 3.60% in the last 30 days.
- No maintenance fees or minimum balance requirements with Ally Bank's savings account.
- Ally Bank has a strong App Store rating of 4.7.
Potential Drawbacks
- Ally Bank's APY is lower than Fitness Bank's highest tier APY of 5.00%.
- Ally Bank has no physical branches.
Fitness Bank
Strengths
- Fitness Bank offers a high APY of 5.00% for qualifying accounts.
- Fitness Bank has a tiered savings account that rewards active users.
- Fitness Bank's Fitness Savings Account also has a competitive APY of 4.55%.
Potential Drawbacks
- Fitness Bank has a low App Store rating of 1.7 and a Google Play rating of 0.0.
- Fitness Bank requires a minimum deposit and balance of $100 for its accounts.
- Maintenance fees apply unless conditions are met with Fitness Bank.
Summary: Ally Bank provides a solid APY of 3.50% with no fees or minimums, while Fitness Bank leads with a 5.00% APY but imposes conditions and fees. Ally Bank enjoys higher app ratings, indicating better user satisfaction. Fitness Bank's tiered structure may appeal to active users, but its low app ratings could deter potential customers.
Compare Ally Bank's vs Fitness Bank's Savings Accounts
| Ally Bank | Fitness Bank | |||
|---|---|---|---|---|
| Product | Savings Account | vs | Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo |
| APY | 3.50% (as of 7/7/2025) | 4.55% (as of 7/7/2025) | 5.00% (as of 7/7/2025) | |
| Bundled Account | No | No | Yes | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $100 | $100 | |
| Minimum Balance for APY | $0 | $100 | $100 | |
| Maintenance Fee | $0 | $10. Waived for average daily balances > $100 | $10. Waived for average daily balances > $100 | |
| Direct Deposit Required | No | No | No | |
| Note | N/A | This is a tiered account. To earn the highest tier you must track at least 12,500 avg. daily steps using the FitnessBank Step Tracker app as well as maintain a balance of $100. Failure to do so will result in a lower APY. See bank for more details and all tiers. | This is a tiered account. To earn the highest tier you must make 15 debit card transactions per Account Period, maintain $5,000 avg. minimum balance in the Elite Checking account, track at least 10,000 avg. daily steps using the FitnessBank Step Tracker app, as well as maintain a savings balance of $100. Failure to do so will result in a lower APY. See bank for more details and all tiers. | |
| Visit Bank | Savings Account | Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo | |
| App Store Rating | 4.7/5 | 1.7/5 | ||
| Google Play Rating | 4.4/5 | No | ||
| BBB Rating | A+ | A+ | ||
Comparative Historical APY Insights (Last 4 Months)
| Ally Bank | Fitness Bank | |||
|---|---|---|---|---|
| Product | Savings Account | vs | Fitness Elite Checking & Fitness Savings Combo | Fitness Savings Account |
| Latest APY | 3.50 % | 5.00 % | 4.55 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -3.8 | 0.0 | -0.0 | |
| Rate Changes / Mo | 0.53 | 0.00 | 0.00 | |
| Days Since Last Change | 19 | 112 | 112 | |
| High (-4 m) | 3.70 % | 5.00 % | 4.55 % | |
| Low (-4 m) | 3.50 % | 5.00 % | 4.55 % | |
| Draw-down from High | -5.4 % | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.015 | 0.000 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 4 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-4 m)
- Highest APY in the last 113 days.
- Low (-4 m)
- Lowest APY in the last 113 days.
- Draw-down from High
- How far today sits below the 4-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Calculate Savings Growth for Ally Bank vs Fitness Bank
All calculations are based on APY.
Ally Bank
APY: 3.50%
Total savings breakdown:
- Interest earned: $35 (3.38%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.62%)
Your total balance
$1,035.00
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $1,035
Earnings: $35
Bank DetailsFitness Bank
APY: 5.00%
Total savings breakdown:
- Interest earned: $50 (4.76%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (95.24%)
Your total balance
$1,050.00
Effective APY: 5.00% (based on your deposit and contributions)
Total balance: $1,050
Earnings: $50
Bank DetailsAfter 1 year Ally Bank would earn you $15 less than Fitness Bank.
More Comparisons
Compare Ally Bank's APY of 3.50% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Ally Bank vs American Express | 3.60% | $0 |
| Ally Bank vs Axos Bank | 4.66% | $0 |
| Ally Bank vs Bank of America | 0.01% | $100 |
| Ally Bank vs Barclays | 4.10% | $0 |
| Ally Bank vs Capital One | 3.50% | $0 |
| Ally Bank vs Chase Bank | 0.01% | $0 |
| Ally Bank vs Chime | 3.75% | $0 |
| Ally Bank vs CIT Bank | 4.00% | $100 |
| Ally Bank vs Discover Bank | 3.50% | $0 |
| Ally Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Ally Bank vs SoFi Bank | 3.80% | $0 |
| Ally Bank vs Synchrony Bank | 3.80% | $0 |
| Ally Bank vs Varo Bank | 5.00% | $0 |
Compare Fitness Bank's APY of 5.00% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Fitness Bank vs American Express | 3.60% | $0 |
| Fitness Bank vs Axos Bank | 4.66% | $0 |
| Fitness Bank vs Bank of America | 0.01% | $100 |
| Fitness Bank vs Barclays | 4.10% | $0 |
| Fitness Bank vs Capital One | 3.50% | $0 |
| Fitness Bank vs Chase Bank | 0.01% | $0 |
| Fitness Bank vs Chime | 3.75% | $0 |
| Fitness Bank vs CIT Bank | 4.00% | $100 |
| Fitness Bank vs Discover Bank | 3.50% | $0 |
| Fitness Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Fitness Bank vs SoFi Bank | 3.80% | $0 |
| Fitness Bank vs Synchrony Bank | 3.80% | $0 |
| Fitness Bank vs Varo Bank | 5.00% | $0 |