Carver Bank vs. Fitness Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Carver BankHigh Yield Savings Jan 7, 2026 | Fitness BankFitness Elite Checking & Fitness Savings Combo Jan 7, 2026 |
|---|---|---|
| APY | 4.00% | 4.75% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$238 $10,000+$475 $25,000+$1,188 |
Min Deposit | $5,000 | $100 |
Snapshot view. Rates subject to change. | ||
Terms | - | 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. |
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredLow MinimumsChecking Bundle |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Carver Bank vs. Fitness Bank
As of Carver Bank offers an APY of 4.00% for its High Yield Savings account, with a minimum balance of $5,000, 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 pays $75 more than Carver Bank on a $10,000 balance after one year. Carver Bank pays $400, 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, with a minimum balance of $100.
Why Carver Bank?
- ✓Higher rated iOS app (4.7 vs 1.7)
- ✓Higher rated Android app (4.5 vs 0.0)
- ✓Fast transfers via Zelle®
Why Fitness Bank?
- ✓Higher potential APY (4.45%-4.75% vs 4.00%) on all balances
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
Fitness BankFitness Bank's Fitness Elite Checking & Fitness Savings Combo earns more on smaller deposits (approx. $475 vs $400/yr).
Better Returns at $25,000
Fitness BankFitness Bank's Fitness Elite Checking & Fitness Savings Combo pulls ahead with larger amounts (approx. $1188 vs $1000/yr).
Best for Simplicity
Fitness BankFitness Bank's Fitness Savings Account offers 4.45% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
Fitness BankFitness Bank's Fitness Elite Checking & Fitness Savings Combo pays a superior APY for customers who also open a checking account.
Best Mobile App Experience
Carver BankCarver Bank offers an iOS app rated 4.7 (vs. 1.7) and Android app rated 4.5 (vs. 0.0)
Shared Benefits
Over a 1-year period, Fitness Bank's Fitness Elite Checking & Fitness Savings Combo pays $75 more interest on a $10,000 balance than Carver Bank's High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Fitness Bank offers a higher APY of 4.75% through its Fitness Elite Checking & Fitness Savings Combo, making it the winner in this comparison. This account requires maintaining a minimum balance and completing specific activities to earn the top rate. Alternatively, Fitness Bank's Fitness Savings Account provides a solid APY of 4.45% without the need for bundling or direct deposit, catering to those seeking simplicity. In contrast, Carver Bank's High Yield Savings account offers a lower APY of 4.00% and requires a $5,000 minimum deposit. Both banks operate online only, with no physical branch access.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Carver Bank vs. Fitness Bank Savings Calculator
You earn $75 more with Fitness Bank than Carver Bank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Carver Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
Fitness Bank
Fitness Elite Checking & Fitness Savings Combo
Savings Breakdown
- Interest Earned+$475.00(4.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,475.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Carver Bank | Fitness Bank |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 4.75% Verified: 1/7/2026 Stable (90d) |
| Product Name | High Yield Savings | Fitness Elite Checking & Fitness Savings Combo |
| Minimum Deposit | $5,000 | $100 |
| Min. Balance for APY | $5,000 | $100 |
| Monthly Fee | $0, of minimum balance requirement met. Otherwise $6. | $10. Waived for average daily balances > $100 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.7 Android4.5 | iOS1.7 Android0.0 |
| Zelle® Support | Available Full native integration in digital banking. | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | - | 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. |
| Next Steps | Visit SiteVerify at Carver Bank Non-sponsored link to official site | Visit SiteVerify at Fitness Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Carver Bank | Fitness Bank | |
|---|---|---|---|
| High Yield Savings | Fitness Elite Checking & Fitness Savings Combo | Fitness Savings Account | |
Current APY | 4.00% | 4.75% | 4.45% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -3.7 | -1.5 |
Days Since Change | 296 | 126 | 126 |
10-Month High | 4.00% | 5.00% | 4.55% |
10-Month Low | 4.00% | 4.75% | 4.45% |
Adjustments / Mo | 0.00 | 0.20 | 0.20 |
Volatility Score | 0.000 | 0.024 | 0.011 |
How to read these metrics(Click to expand)
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