Bank Of America vs Fitness Bank
High-Yield Savings Accounts Comparison
Last Updated: August 1, 2025
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Summary of Bank of America vs. Fitness Bank
As of August 1, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, compared to Fitness Bank's 4.85% APY for its Fitness Elite Checking & Fitness Savings Combo account.
Fitness Bank yields $484 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Fitness Bank pays $485 - an APY advantage for Fitness Bank.
In addition, Fitness Bank also offers 4.50% APY for the Fitness Savings Account account.
Bank of America
Strengths
- Bank of America offers a low minimum deposit of $100 for its Advantage Savings account.
- Bank of America has a strong App Store rating of 4.8.
- Bank of America has a solid BBB rating of A.
Potential Drawbacks
- Bank of America's current APY is only 0.01%, unchanged from 30 days ago.
- Bank of America charges an $8 maintenance fee, which can be waived under specific conditions.
Fitness Bank
Strengths
- Fitness Bank offers a competitive current APY of 4.85%, though it decreased from 5.00% in the last 30 days.
- Fitness Bank's Fitness Elite Checking & Fitness Savings Combo allows for high APY with specific activity requirements.
- Fitness Bank has an A+ BBB rating, indicating strong trustworthiness.
Potential Drawbacks
- Fitness Bank has a low App Store rating of 1.7 and no Google Play rating.
- Fitness Bank's accounts have a $10 maintenance fee, waived only with specific balance conditions.
Summary: Bank of America provides a very low APY of 0.01% for its Advantage Savings account, while Fitness Bank offers a significantly higher APY of 4.85% for its Fitness Elite Checking & Savings Combo, albeit with activity requirements. Both banks have a maintenance fee, but Fitness Bank's fee is higher. Additionally, Bank of America has better app ratings, contrasting with Fitness Bank's low ratings, despite its superior BBB rating.
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 8/1/2025) | 4.50% (as of 8/1/2025) | 4.85% (as of 8/1/2025) | |
| 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 5 Months)
| Bank of America | Fitness Bank | |||
|---|---|---|---|---|
| Product | Advantage Savings | vs | Fitness Elite Checking & Fitness Savings Combo | Fitness Savings Account |
| Latest APY | 0.01 % | 4.85 % | 4.50 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -0.2 | -0.1 | |
| Rate Changes / Mo | 0.00 | 0.22 | 0.22 | |
| Days Since Last Change | 138 | 1 | 1 | |
| High (-5 m) | 0.01 % | 5.00 % | 4.55 % | |
| Low (-5 m) | 0.01 % | 4.85 % | 4.50 % | |
| Draw-down from High | 0.0 % | -3.0 % | -1.1 % | |
| Volatility (CV) | 0.000 | 0.003 | 0.001 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 5 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 (-5 m)
- Highest APY in the last 139 days.
- Low (-5 m)
- Lowest APY in the last 139 days.
- Draw-down from High
- How far today sits below the 5-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 Bank of America vs Fitness Bank
All calculations are based on APY.
Bank of America
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
APY: 4.85%
Total savings breakdown:
- Interest earned: $2,990.9 (14.25%)
- Total contributions: $13,000 (61.93%)
- Initial deposit: $5,000 (23.82%)
Your total balance
$20,990.90
Effective APY: 4.85% (based on your deposit and contributions)
Total balance: $20,990.9
Earnings: $2,990.9
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,985.2 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 Bank of America's APY of 0.01% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Bank of America vs Ally Bank | 3.50% | $0 |
| Bank of America vs American Express | 3.50% | $0 |
| Bank of America vs Axos Bank | 4.46% | $0 |
| Bank of America vs Barclays | 4.10% | $0 |
| Bank of America vs Capital One | 3.50% | $0 |
| Bank of America vs Chase Bank | 0.01% | $0 |
| Bank of America vs Chime | 3.75% | $0 |
| Bank of America vs CIT Bank | 4.00% | $100 |
| Bank of America vs Discover Bank | 3.50% | $0 |
| Bank of America vs Marcus by Goldman Sachs | 3.65% | $0 |
| Bank of America vs Presidential Bank | 4.50% | $5,000 |
| Bank of America vs SoFi Bank | 3.80% | $0 |
| Bank of America vs Synchrony Bank | 3.80% | $0 |
| Bank of America vs UFB Direct | 4.21% | $5000 |
| Bank of America vs Varo Bank | 5.00% | $0 |
| Bank of America vs Wells Fargo | 2.51% | $25 |
Compare Fitness Bank's APY of 4.85% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Fitness Bank vs Ally Bank | 3.50% | $0 |
| Fitness Bank vs American Express | 3.50% | $0 |
| Fitness Bank vs Axos Bank | 4.46% | $0 |
| 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 Presidential Bank | 4.50% | $5,000 |
| Fitness Bank vs SoFi Bank | 3.80% | $0 |
| Fitness Bank vs Synchrony Bank | 3.80% | $0 |
| Fitness Bank vs UFB Direct | 4.21% | $5000 |
| Fitness Bank vs Varo Bank | 5.00% | $0 |
| Fitness Bank vs Wells Fargo | 2.51% | $25 |