Charles Schwab Bank vs. Fitness Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Charles Schwab Bank
Schwab Bank Investor Savings™
0.15%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppIn-Person AccessShow Fine Print & Trends Hide Details
Charles Schwab Bank
Schwab Bank Investor Savings™
Fitness Bank
Fitness Elite Checking & Fitness Savings Combo
4.75%APYDec 10, 2025FDIC InsuredChecking BundleLow MinimumsShow Fine Print & Trends Hide Details
Fitness Bank
Fitness Elite Checking & Fitness Savings Combo
Charles Schwab Bank vs. Fitness Bank Savings Calculator
Fitness Bank earns $2,838.6 more than Charles Schwab Bank.
Charles Schwab Bank
Schwab Bank Investor Savings™
Savings Breakdown
- Interest Earned+$86.10(0.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,086.10
Fitness Bank
Fitness Elite Checking & Fitness Savings Combo
Savings Breakdown
- Interest Earned+$2,924.70(14.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,924.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. Fitness Bank
Why Charles Schwab Bank?
- ✓Higher rated iOS app (4.8 vs 1.7)
Why Fitness Bank?
- ✓Higher potential APY (4.45%-4.75% vs 0.15%) 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 $15/yr).
Better Returns at $25,000
Fitness BankFitness Bank's Fitness Elite Checking & Fitness Savings Combo pulls ahead with larger amounts (approx. $1188 vs $38/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.
Shared Benefits
Over a 1-year period, Fitness Bank's Fitness Elite Checking & Fitness Savings Combo pays $460 more interest on a $10,000 balance than Charles Schwab Bank's Schwab Bank Investor Savings™.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Fitness Bank offers a notable advantage with its Fitness Elite Checking & Fitness Savings Combo, providing an impressive APY of 4.75%. This account requires maintaining an average minimum balance of $5,000 in the checking account and completing 15 debit card transactions each period, alongside tracking steps with the FitnessBank app. For those seeking a simpler option, the Fitness Savings Account yields 4.45% APY without such requirements. In contrast, Charles Schwab Bank's Schwab Bank Investor Savings™ offers a much lower APY of 0.15%, with no minimum deposit or maintenance fees, but does not match the competitive rates of Fitness Bank. Both banks are FDIC insured and online-only.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
| Feature | Charles Schwab Bank | Fitness Bank |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 4.75% Verified: 12/10/2025 Stable (90d) |
| Product Name | Schwab Bank Investor Savings™ | Fitness Elite Checking & Fitness Savings Combo |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $0.01 | $100 |
| Monthly Fee | $0 | $10. Waived for average daily balances > $100 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.8 Android2.9 | iOS1.7 Android0.0 |
| 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 |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | Fitness Bank | |
|---|---|---|---|
| Schwab Bank Investor Savings™ | Fitness Elite Checking & Fitness Savings Combo | Fitness Savings Account | |
Current APY | 0.15% | 4.75% | 4.45% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -4.0 | -1.6 |
Days Since Change | 268 | 98 | 98 |
9-Month High | 0.15% | 5.00% | 4.55% |
9-Month Low | 0.15% | 4.75% | 4.45% |
Adjustments / Mo | 0.00 | 0.22 | 0.22 |
Volatility Score | 0.000 | 0.024 | 0.010 |
How to read these metrics(Click to expand)
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