American Express vs. Fitness Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 1, 2025
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Summary of American Express vs. Fitness Bank
Key Metrics at a Glance
| Feature | American Express | Fitness Bank |
|---|---|---|
| Top Savings APY | 3.50% High Yield Savings Account | 4.75% Fitness Elite Checking & Fitness Savings Combo |
| Minimum to Open | $0 | $100 |
| Minimum Balance for Top APY | $0 | $100 |
| Note | 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. |
American Express
Strengths
- American Express offers a High Yield Savings Account with a competitive APY of 3.50%.
- No maintenance fees or minimum balance requirements for American Express's High Yield Savings Account.
- American Express has a high App Store rating of 4.9.
Potential Drawbacks
- American Express has a BBB rating of F and is not accredited.
- No branches available for American Express customers.
- American Express's Google Play rating is only 3.7.
Fitness Bank
Strengths
- Fitness Bank offers a higher APY of 4.75% for its Fitness Elite Checking & Fitness Savings Combo.
- Fitness Bank has a strong BBB rating of A+.
- Fitness Bank's Fitness Savings Account also offers a competitive APY of 4.45%.
Potential Drawbacks
- Fitness Bank has a low App Store rating of 1.7.
- Fitness Bank's Google Play rating is 0.0, indicating poor user feedback.
- Maintenance fees apply for Fitness Bank accounts unless balance requirements are met.
Summary: American Express provides a solid APY of 3.50% with no fees, but has a poor BBB rating. In contrast, Fitness Bank offers higher APYs of 4.75% and 4.45%, alongside an A+ BBB rating, but has significant user dissatisfaction reflected in low app ratings and maintenance fees. Overall, Fitness Bank may appeal to those seeking higher returns, while American Express is better for fee-sensitive customers.
→ As of November 1, 2025 American Express offers an APY of 3.50% for its High Yield 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 American Express on a $10,000 balance after one year. American Express 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.
Calculate Savings Growth for American Express vs Fitness Bank
All calculations are based on APY.
American Express - High Yield Savings Account
Top 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 - Fitness Elite Checking & Fitness Savings Combo
Top 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, American Express'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.
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 | 3.50% (as of 11/1/2025) | 4.45% (as of 11/1/2025) | 4.75% (as of 11/1/2025) | |
| 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 | 4.9/5 | 1.7/5 | ||
| Google Play Rating | 3.7/5 | No | ||
| BBB Rating | F | A+ | ||
Comparative Historical APY Insights (Last 8 Months)
| American Express | Fitness Bank | |||
|---|---|---|---|---|
| Product | High Yield 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) | -3.3 | -4.3 | -1.7 | |
| Rate Changes / Mo | 0.26 | 0.26 | 0.26 | |
| Days Since Last Change | 101 | 59 | 59 | |
| High (-8 m) | 3.70 % | 5.00 % | 4.55 % | |
| Low (-8 m) | 3.50 % | 4.75 % | 4.45 % | |
| Draw-down from High | -5.4 % | -5.0 % | -2.2 % | |
| Volatility (CV) | 0.022 | 0.023 | 0.010 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 8 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 (-8 m)
- Highest APY in the last 230 days.
- Low (-8 m)
- Lowest APY in the last 230 days.
- Draw-down from High
- How far today sits below the 8-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.