Discover Bank vs Fitness Bank
High-Yield Savings Accounts Comparison
Last Updated: July 7, 2025
Summary of Discover Bank vs. Fitness Bank
As of July 7, 2025 Discover Bank offers an APY of 3.50% for its Online Savings Account account, compared to Fitness Bank's 5.00% APY for its Fitness Elite Checking & Fitness Savings Combo account.
Fitness Bank yields $150 more than Discover Bank on a $10,000 balance after one year. Discover Bank pays $350, 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.
Discover Bank
Strengths
- Discover Bank offers a competitive APY of 3.50%, though it's decreased from 3.60% in the last 30 days.
- Discover Bank has an A+ BBB rating and is BBB Accredited.
- The app ratings for Discover Bank are strong: 4.9 on App Store and 4.3 on Google Play.
Potential Drawbacks
- Discover Bank has no physical branches.
- No direct deposit requirement may limit some users' options.
Fitness Bank
Strengths
- Fitness Bank offers a high APY of 5.00% with specific activity requirements.
- Fitness Bank's Fitness Savings Account has a solid APY of 4.55%, unchanged from last month.
- Fitness Bank has no direct deposit requirement.
Potential Drawbacks
- Fitness Bank's app ratings are low: 1.7 on App Store and 0.0 on Google Play.
- Fitness Bank charges a $10 maintenance fee unless balance conditions are met.
Summary: Discover Bank provides a stable APY of 3.50% and strong app ratings, but lacks branches. Fitness Bank offers a higher APY of 5.00% with conditions, yet has low app ratings and maintenance fees. Both banks do not require direct deposits, but Discover has a more favorable BBB rating.
Compare Discover Bank's vs Fitness Bank's Savings Accounts
| Discover Bank | Fitness Bank | |||
|---|---|---|---|---|
| Product | Online Savings Account | vs | Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo |
| APY | 3.50% (as of 7/7/2025) | 4.55% (as of 7/7/2025) | 5.00% (as of 7/7/2025) | |
| Bundled Account | No | 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 | $100 | $100 | |
| Maintenance Fee | $0 | $10. Waived for average daily balances > $100 | $10. Waived for average daily balances > $100 | |
| Direct Deposit Required | No | No | No | |
| Note | N/A | 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 | Online Savings Account | Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo | |
| App Store Rating | 4.9/5 | 1.7/5 | ||
| Google Play Rating | 4.3/5 | No | ||
| BBB Rating | A+ | A+ | ||
Comparative Historical APY Insights (Last 4 Months)
| Discover Bank | Fitness Bank | |||
|---|---|---|---|---|
| Product | Online Savings Account | vs | Fitness Elite Checking & Fitness Savings Combo | Fitness Savings Account |
| Latest APY | 3.50 % | 5.00 % | 4.55 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -4.8 | 0.0 | -0.0 | |
| Rate Changes / Mo | 0.53 | 0.00 | 0.00 | |
| Days Since Last Change | 11 | 112 | 112 | |
| High (-4 m) | 3.70 % | 5.00 % | 4.55 % | |
| Low (-4 m) | 3.50 % | 5.00 % | 4.55 % | |
| Draw-down from High | -5.4 % | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.017 | 0.000 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 4 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 (-4 m)
- Highest APY in the last 113 days.
- Low (-4 m)
- Lowest APY in the last 113 days.
- Draw-down from High
- How far today sits below the 4-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 Discover Bank vs Fitness Bank
All calculations are based on APY.
Discover Bank
APY: 3.50%
Total savings breakdown:
- Interest earned: $35 (3.38%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.62%)
Your total balance
$1,035.00
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $1,035
Earnings: $35
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 Discover Bank would earn you $15 less than Fitness Bank.
More Comparisons
Compare Discover Bank's APY of 3.50% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Discover Bank vs Ally Bank | 3.50% | $0 |
| Discover Bank vs American Express | 3.60% | $0 |
| Discover Bank vs Axos Bank | 4.66% | $0 |
| Discover Bank vs Bank of America | 0.01% | $100 |
| Discover Bank vs Barclays | 4.10% | $0 |
| Discover Bank vs Capital One | 3.50% | $0 |
| Discover Bank vs Chase Bank | 0.01% | $0 |
| Discover Bank vs Chime | 3.75% | $0 |
| Discover Bank vs CIT Bank | 4.00% | $100 |
| Discover Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Discover Bank vs SoFi Bank | 3.80% | $0 |
| Discover Bank vs Synchrony Bank | 3.80% | $0 |
| Discover Bank 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 | 3.50% | $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 | 4.10% | $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 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 |