American Express vs Fitness Bank
High-Yield Savings Accounts Comparison
Last Updated: July 7, 2025
Summary of American Express vs. Fitness Bank
As of July 7, 2025 American Express offers an APY of 3.60% for its High Yield Savings Account account, compared to Fitness Bank's 5.00% APY for its Fitness Elite Checking & Fitness Savings Combo account.
Fitness Bank yields $140 more than American Express on a $10,000 balance after one year. American Express pays $360, 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.
American Express
Strengths
- American Express offers a competitive APY of 3.60% with no direct deposit requirement.
- No maintenance fees or minimum balance requirements for American Express's High Yield Savings Account.
- High App Store rating of 4.9 for American Express.
Potential Drawbacks
- American Express has a BBB rating of F and is not BBB Accredited.
- No branches available for American Express customers.
- Google Play rating of 3.8 is lower than ideal.
Fitness Bank
Strengths
- Fitness Bank offers a higher APY of 5.00% for the Fitness Elite Checking & Fitness Savings Combo.
- Fitness Bank has a strong BBB rating of A+.
- No branches available for Fitness Bank customers.
Potential Drawbacks
- Fitness Bank has a low App Store rating of 1.7.
- Google Play rating of 0.0 indicates significant user dissatisfaction for Fitness Bank.
- Fitness Bank accounts have strict requirements to earn the highest APY.
Summary: American Express provides a solid APY of 3.60% with no fees, but has a poor BBB rating. In contrast, Fitness Bank offers a higher APY of 5.00%, backed by an A+ BBB rating, but has stringent requirements and low app ratings, indicating potential user issues. Both banks operate online only and lack physical branches.
Compare American Express' vs Fitness Bank's Savings Accounts
| American Express | Fitness Bank | |||
|---|---|---|---|---|
| Product | High Yield Savings Account | vs | Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo |
| APY | 3.60% (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 | High Yield Savings Account | Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo | |
| App Store Rating | 4.9/5 | 1.7/5 | ||
| Google Play Rating | 3.8/5 | No | ||
| BBB Rating | F | A+ | ||
Comparative Historical APY Insights (Last 4 Months)
| American Express | Fitness Bank | |||
|---|---|---|---|---|
| Product | High Yield Savings Account | vs | Fitness Elite Checking & Fitness Savings Combo | Fitness Savings Account |
| Latest APY | 3.60 % | 5.00 % | 4.55 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -4.0 | 0.0 | -0.0 | |
| Rate Changes / Mo | 0.27 | 0.00 | 0.00 | |
| Days Since Last Change | 60 | 112 | 112 | |
| High (-4 m) | 3.70 % | 5.00 % | 4.55 % | |
| Low (-4 m) | 3.60 % | 5.00 % | 4.55 % | |
| Draw-down from High | -2.7 % | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.014 | 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 American Express vs Fitness Bank
All calculations are based on APY.
American Express
APY: 3.60%
Total savings breakdown:
- Interest earned: $36 (3.47%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.53%)
Your total balance
$1,036.00
Effective APY: 3.60% (based on your deposit and contributions)
Total balance: $1,036
Earnings: $36
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 American Express would earn you $14 less than Fitness Bank.
More Comparisons
Compare American Express' APY of 3.60% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| American Express vs Ally Bank | 3.50% | $0 |
| American Express vs Axos Bank | 4.66% | $0 |
| American Express vs Bank of America | 0.01% | $100 |
| American Express vs Barclays | 4.10% | $0 |
| American Express vs Capital One | 3.50% | $0 |
| American Express vs Chase Bank | 0.01% | $0 |
| American Express vs Chime | 3.75% | $0 |
| American Express vs CIT Bank | 4.00% | $100 |
| American Express vs Discover Bank | 3.50% | $0 |
| American Express vs Marcus by Goldman Sachs | 3.65% | $0 |
| American Express vs SoFi Bank | 3.80% | $0 |
| American Express vs Synchrony Bank | 3.80% | $0 |
| American Express 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 Ally Bank | 3.50% | $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 |