Chime vs Fitness Bank
High-Yield Savings Accounts Comparison
Last Updated: June 16, 2025
Summary of Chime vs. Fitness Bank
As of June 16, 2025 Chime offers an APY of 3.75% for its Chime Savings Account account, compared to Fitness Bank's 5.00% APY for its Fitness Elite Checking & Fitness Savings Combo account.
Fitness Bank yields $125 more than Chime on a $10,000 balance after one year. Chime pays $375, while Fitness Bank pays $500 - an APY advantage for Fitness Bank.
In addition, Fitness Bank also offers 4.55% APY for the Fitness Savings Account account.
Chime
Strengths
- Chime offers a competitive APY of 3.75%, unchanged over the past 30 days.
- Chime has a higher App Store rating of 4.8 compared to Fitness Bank's 1.7.
- Chime has no maintenance fees or minimum balance requirements.
Potential Drawbacks
- Chime requires a direct deposit of $200 to qualify for the 3.75% APY.
- Chime has a lower BBB rating of B- compared to Fitness Bank's A+.
- Chime's Google Play rating is 4.7, while Fitness Bank has 0.0.
Fitness Bank
Strengths
- Fitness Bank offers a higher APY of 5.00% for its Elite Checking & Savings Combo.
- Fitness Bank has no direct deposit requirement for its accounts.
- Fitness Bank has a superior BBB rating of A+.
Potential Drawbacks
- Fitness Bank charges a $10 maintenance fee unless balance requirements are met.
- Fitness Bank has an App Store rating of only 1.7, indicating user dissatisfaction.
- Fitness Bank's Google Play rating is 0.0, suggesting potential issues with the app.
Summary: Chime offers a 3.75% APY but requires a $200 direct deposit, while Fitness Bank provides a higher 5.00% APY with no direct deposit requirement. Fitness Bank has an A+ BBB rating, significantly better than Chime's B-, but it imposes maintenance fees. Chime excels in app ratings with 4.8 on the App Store compared to Fitness Bank's low ratings, indicating user experience differences. Overall, Fitness Bank may appeal to those prioritizing higher APY without direct deposit constraints.
Compare Chime's vs Fitness Bank's Savings Accounts
| Chime | Fitness Bank | |||
|---|---|---|---|---|
| Product | Chime Savings Account | vs | Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo |
| APY | 1.25% - 3.75% (as of 6/16/2025) | 4.55% (as of 6/16/2025) | 5.00% (as of 6/16/2025) | |
| Bundled Account | Yes | 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 | $0.01 | $100 | $100 | |
| Maintenance Fee | $0 | $10. Waived for average daily balances > $100 | $10. Waived for average daily balances > $100 | |
| Direct Deposit Required | Yes. You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days | No | No | |
| Note | Chime® is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. To open a savings account you must first open a checking account. To qualify for Chime+ with the 3.75% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.25%. | 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. | |
| Visit Bank | Chime Savings Account | Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo | |
| App Store Rating | 4.8/5 | 1.7/5 | ||
| Google Play Rating | 4.7/5 | No | ||
| BBB Rating | B- | A+ | ||
Comparative Historical APY Insights (Last 3 Months)
| Chime | Fitness Bank | |||
|---|---|---|---|---|
| Product | Chime Savings Account | vs | Fitness Elite Checking & Fitness Savings Combo | Fitness Savings Account |
| Latest APY | 3.75 % | 5.00 % | 4.55 % | |
| Trend | Rising | Sideways | Sideways | |
| Slope (bps/mo) | 44.0 | 0.0 | 0.0 | |
| Rate Changes / Mo | 0.33 | 0.00 | 0.00 | |
| Days Since Last Change | 77 | 91 | 91 | |
| High (-3 m) | 3.75 % | 5.00 % | 4.55 % | |
| Low (-3 m) | 2.00 % | 5.00 % | 4.55 % | |
| Draw-down from High | 0.0 % | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.186 | 0.000 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 3 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 (-3 m)
- Highest APY in the last 92 days.
- Low (-3 m)
- Lowest APY in the last 92 days.
- Draw-down from High
- How far today sits below the 3-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 Chime vs Fitness Bank
All calculations are based on APY.
Chime
APY: 3.75%
Total savings breakdown:
- Interest earned: $37.5 (3.61%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.39%)
Your total balance
$1,037.50
Effective APY: 3.75% (based on your deposit and contributions)
Total balance: $1,037.5
Earnings: $37.5
Bank DetailsFitness Bank
APY: 5.00%
Total savings breakdown:
- Interest earned: $50 (4.76%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (95.24%)
Your total balance
$1,050.00
Effective APY: 5.00% (based on your deposit and contributions)
Total balance: $1,050
Earnings: $50
Bank DetailsAfter 1 year Chime would earn you $12.5 less than Fitness Bank.
More Comparisons
Compare Chime's APY of 3.75% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Chime vs Ally Bank | 3.60% | $0 |
| Chime vs American Express | 3.60% | $0 |
| Chime vs Axos Bank | 4.66% | $0 |
| Chime vs Bank of America | 0.01% | $100 |
| Chime vs Barclays | 4.20% | $0 |
| Chime vs Capital One | 3.60% | $0 |
| Chime vs Chase Bank | 0.01% | $0 |
| Chime vs CIT Bank | 4.00% | $100 |
| Chime vs Discover Bank | 3.60% | $0 |
| Chime vs Marcus by Goldman Sachs | 3.65% | $0 |
| Chime vs SoFi Bank | 3.80% | $0 |
| Chime vs Synchrony Bank | 3.80% | $0 |
| Chime vs Varo Bank | 5.00% | $0 |
Compare Fitness Bank's APY of 5.00% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Fitness Bank vs Ally Bank | 3.60% | $0 |
| Fitness Bank vs American Express | 3.60% | $0 |
| Fitness Bank vs Axos Bank | 4.66% | $0 |
| Fitness Bank vs Bank of America | 0.01% | $100 |
| Fitness Bank vs Barclays | 4.20% | $0 |
| Fitness Bank vs Capital One | 3.60% | $0 |
| Fitness Bank vs Chase Bank | 0.01% | $0 |
| Fitness Bank vs CIT Bank | 4.00% | $100 |
| Fitness Bank vs Discover Bank | 3.60% | $0 |
| Fitness Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Fitness Bank vs SoFi Bank | 3.80% | $0 |
| Fitness Bank vs Synchrony Bank | 3.80% | $0 |
| Fitness Bank vs Varo Bank | 5.00% | $0 |