Ally Bank vs Fitness Bank
High-Yield Savings Accounts Comparison
Last Updated: September 16, 2025
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Summary of Ally Bank vs. Fitness Bank
As of September 16, 2025 Ally Bank offers an APY of 3.50% for its Savings Account, with a minimum balance of $0, compared to Fitness Bank's 4.75% APY for its Fitness Elite Checking & Fitness Savings Combo account, with a minimum balance of $100.
Fitness Bank yields $125 more than Ally Bank on a $10,000 balance after one year. Ally Bank pays $350, while Fitness Bank pays $475 - an APY advantage for Fitness Bank.
In addition, Fitness Bank also offers 4.45% APY for the Fitness Savings Account account.
Ally Bank
Strengths
- Ally Bank offers a straightforward Savings Account with a competitive APY of 3.50%.
- No maintenance fees or minimum balance requirements at Ally Bank.
- Ally Bank has a strong App Store rating of 4.7.
Potential Drawbacks
- Ally Bank's APY has remained unchanged at 3.50% over the past 30 days.
Fitness Bank
Strengths
- Fitness Bank's Fitness Elite Checking & Savings Combo offers a high APY of 4.75%.
- Fitness Bank's Fitness Savings Account has an APY of 4.45%, competitive for tiered accounts.
- Fitness Bank's BBB rating is A+, indicating trustworthiness.
Potential Drawbacks
- Fitness Bank's APY decreased from 4.85% over the past 30 days.
- Fitness Bank requires tracking steps and maintaining high balances for top APY tiers.
- Fitness Bank has low App Store and Google Play ratings of 1.7 and 0.0, respectively.
Summary: Ally Bank provides a stable 3.50% APY with no fees, while Fitness Bank offers higher APYs of 4.75% and 4.45% but requires maintaining conditions for those rates. Fitness Bank's recent APY drop and low app ratings may concern potential customers, whereas Ally Bank's consistent performance and higher ratings could be more appealing for straightforward savings.
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 9/16/2025) | 4.45% (as of 9/16/2025) | 4.75% (as of 9/16/2025) | |
| 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 | 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. | ||
| 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 6 Months)
| Ally Bank | Fitness Bank | |||
|---|---|---|---|---|
| Product | Savings Account | vs | Fitness Elite Checking & Fitness Savings Combo | Fitness Savings Account |
| Latest APY | 3.50 % | 4.75 % | 4.45 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -3.1 | -3.4 | -1.3 | |
| Rate Changes / Mo | 0.33 | 0.33 | 0.33 | |
| Days Since Last Change | 90 | 13 | 13 | |
| High (-6 m) | 3.70 % | 5.00 % | 4.55 % | |
| Low (-6 m) | 3.50 % | 4.75 % | 4.45 % | |
| Draw-down from High | -5.4 % | -5.0 % | -2.2 % | |
| Volatility (CV) | 0.017 | 0.016 | 0.007 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 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 (-6 m)
- Highest APY in the last 184 days.
- Low (-6 m)
- Lowest APY in the last 184 days.
- Draw-down from High
- How far today sits below the 6-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: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewFitness Bank
APY: 4.75%
Total savings breakdown:
- Interest earned: $2,924.7 (13.98%)
- Total contributions: $13,000 (62.13%)
- Initial deposit: $5,000 (23.90%)
Your total balance
$20,924.70
Effective APY: 4.75% (based on your deposit and contributions)
Total balance: $20,924.7
Earnings: $2,924.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Ally Bank's total earnings would be $810.6 lower than Fitness Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Ally Bank's APY of 3.50% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Ally Bank vs American Express | 3.50% | $0 |
| Ally Bank vs Axos Bank | 4.46% | $0 |
| Ally Bank vs Bank of America | 0.01% | $100 |
| Ally Bank vs Barclays | 4.10% | $0 |
| Ally Bank vs BrioDirect | 4.30% | $5,000 |
| 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 Elevault | 4.60% | $0 |
| Ally Bank vs EverBank | 4.30% | $0 |
| Ally Bank vs FVCbank | 4.35% | $500 |
| Ally Bank vs GO2bank | 4.50% | $0 |
| Ally Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Ally Bank vs Neighbors Bank | 4.60% | $0 |
| Ally Bank vs Newtek Bank | 4.35% | $0 |
| Ally Bank vs Peak Bank | 4.35% | $100 |
| Ally Bank vs Pibank | 4.60% | $0 |
| Ally Bank vs Presidential Bank | 4.50% | $5,000 |
| Ally Bank vs Santander Bank | 0.03% | $25 |
| Ally Bank vs SoFi Bank | 4.50% | $0 |
| Ally Bank vs Synchrony Bank | 3.80% | $0 |
| Ally Bank vs TIMBR | 4.40% | $1,000 |
| Ally Bank vs UFB Direct | 4.21% | $5000 |
| Ally Bank vs Varo Bank | 5.00% | $0 |
| Ally Bank vs Wells Fargo | 2.51% | $25 |
| Ally Bank vs Zynlo Bank | 4.35% | $10 |