Bank Of America vs. Fitness Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 1, 2025
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Summary of Bank of America vs. Fitness Bank
Key Metrics at a Glance
| Feature | Bank of America | Fitness Bank |
|---|---|---|
| Top Savings APY | 0.01% Advantage Savings | 4.75% Fitness Elite Checking & Fitness Savings Combo |
| Minimum to Open | $100 | $100 |
| Minimum Balance for Top APY | $100 | |
| Note | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | 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. |
Bank of America
Strengths
- Bank of America has a high App Store rating of 4.8.
- No direct deposit requirement for Advantage Savings account.
Potential Drawbacks
- Advantage Savings offers a low APY of 0.01%.
- Monthly maintenance fee of $8 may apply.
Fitness Bank
Strengths
- Fitness Bank offers a high APY of 4.75% for Fitness Elite Checking & Fitness Savings Combo.
- Fitness Savings Account has a competitive APY of 4.45%.
Potential Drawbacks
- Fitness Bank has a low App Store rating of 1.7.
- Requires 15 debit card transactions and step tracking for highest APY.
Summary: Bank of America provides a basic savings account with a low APY of 0.01% and an $8 maintenance fee, but has a high App Store rating. In contrast, Fitness Bank offers significantly higher APYs of 4.75% and 4.45% for its accounts, but imposes conditions like debit transactions and step tracking. However, Fitness Bank's app ratings are notably poor, indicating potential user dissatisfaction.
→ As of November 1, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , 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 $474 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, 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 Bank of America vs Fitness Bank
All calculations are based on APY.
Bank of America - Advantage Savings
Top APY: 0.01%
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Effective APY: 0.01% (based on your deposit and contributions)
Total balance: $18,005.7
Earnings: $5.7
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, Bank of America's total earnings would be $2,919 lower than Fitness Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bank of America's vs Fitness Bank's Savings Accounts
| Bank of America | Fitness Bank | |||
|---|---|---|---|---|
| Product | Advantage Savings | vs | Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo |
| APY | 0.01% (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 | No | Yes | Yes | |
| Compound Frequency | Monthly | Daily | Daily | |
| Minimum Deposit | $100 | $100 | $100 | |
| Minimum Balance for APY | N/A | $100 | $100 | |
| Maintenance Fee | $8 | $10. Waived for average daily balances > $100 | $10. Waived for average daily balances > $100 | |
| Direct Deposit Required | No | No | No | |
| Note | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | 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 | 4.8/5 | 1.7/5 | ||
| Google Play Rating | 4.6/5 | No | ||
| BBB Rating | A+ | A+ | ||
Comparative Historical APY Insights (Last 8 Months)
| Bank of America | Fitness Bank | |||
|---|---|---|---|---|
| Product | Advantage Savings | vs | Fitness Elite Checking & Fitness Savings Combo | Fitness Savings Account |
| Latest APY | 0.01 % | 4.75 % | 4.45 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -0.0 | -4.3 | -1.7 | |
| Rate Changes / Mo | 0.00 | 0.26 | 0.26 | |
| Days Since Last Change | 229 | 59 | 59 | |
| High (-8 m) | 0.01 % | 5.00 % | 4.55 % | |
| Low (-8 m) | 0.01 % | 4.75 % | 4.45 % | |
| Draw-down from High | 0.0 % | -5.0 % | -2.2 % | |
| Volatility (CV) | 0.000 | 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.