Elevault vs Fitness Bank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of Elevault vs. Fitness Bank
As of September 5, 2025 Elevault offers an APY of 4.60% for its High Yield Savings Account, with a minimum balance of $0, 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 yields $15 more than Elevault on a $10,000 balance after one year. Elevault pays $460, 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.
Elevault
Strengths
- Elevault offers a competitive APY of 4.60% with no direct deposit requirement.
- No maintenance fees for the High Yield Savings Account.
- Elevault has a higher App Store rating of 3.9 compared to Fitness Bank.
Potential Drawbacks
- Elevault's APY has remained unchanged at 4.60% over the past 30 days.
- No branches available for in-person banking.
Fitness Bank
Strengths
- Fitness Bank offers a higher APY of 4.75%, though it decreased from 4.85%.
- The Fitness Elite Checking account can yield higher interest with specific activity requirements.
Potential Drawbacks
- Fitness Bank has a low App Store rating of 1.7 and a Google Play rating of 0.0.
- Maintenance fees of $10 apply unless conditions are met.
Summary: Elevault provides a stable APY of 4.60% without maintenance fees or direct deposit requirements, while Fitness Bank offers a higher APY of 4.75% but with strict activity conditions and maintenance fees. Elevault has better app ratings, whereas Fitness Bank's ratings are significantly low. Both banks lack physical branches, limiting in-person services.
Compare Elevault's vs Fitness Bank's Savings Accounts
| Elevault | Fitness Bank | |||
|---|---|---|---|---|
| Product | High Yield Savings Account | vs | Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo |
| APY | 4.60% (as of 9/5/2025) | 4.45% (as of 9/5/2025) | 4.75% (as of 9/5/2025) | |
| 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 | The 4.60% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. | 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 | 3.9/5 | 1.7/5 | ||
| Google Play Rating | 4.0/5 | No | ||
| BBB Rating | A+ | A+ | ||
Comparative Historical APY Insights (Last 1 Month)
| Elevault | Fitness Bank | |||
|---|---|---|---|---|
| Product | High Yield Savings Account | vs | Fitness Elite Checking & Fitness Savings Combo | Fitness Savings Account |
| Latest APY | 4.60 % | 4.75 % | 4.45 % | |
| Trend | Sideways | Falling | Sideways | |
| Slope (bps/mo) | 0.0 | -7.4 | -3.7 | |
| Rate Changes / Mo | 0.00 | 1.00 | 1.00 | |
| Days Since Last Change | 29 | 2 | 2 | |
| High (-1 m) | 4.60 % | 4.85 % | 4.50 % | |
| Low (-1 m) | 4.60 % | 4.75 % | 4.45 % | |
| Draw-down from High | 0.0 % | -2.1 % | -1.1 % | |
| Volatility (CV) | 0.000 | 0.007 | 0.004 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 1 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 (-1 m)
- Highest APY in the last 30 days.
- Low (-1 m)
- Lowest APY in the last 30 days.
- Draw-down from High
- How far today sits below the 1-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 Elevault vs Fitness Bank
All calculations are based on APY.
Elevault
APY: 4.60%
Total savings breakdown:
- Interest earned: $2,825.8 (13.57%)
- Total contributions: $13,000 (62.42%)
- Initial deposit: $5,000 (24.01%)
Your total balance
$20,825.80
Effective APY: 4.60% (based on your deposit and contributions)
Total balance: $20,825.8
Earnings: $2,825.8
Bank OverviewFitness Bank
APY: 4.75%
Total savings breakdown:
- Interest earned: $2,924.7 (13.98%)
- Total contributions: $13,000 (62.13%)
- Initial deposit: $5,000 (23.90%)
Your total balance
$20,924.70
Effective APY: 4.75% (based on your deposit and contributions)
Total balance: $20,924.7
Earnings: $2,924.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Elevault's total earnings would be $98.9 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 Elevault's APY of 4.60% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Elevault vs Ally Bank | 3.50% | $0 |
| Elevault vs American Express | 3.50% | $0 |
| Elevault vs Axos Bank | 4.46% | $0 |
| Elevault vs Bank of America | 0.01% | $100 |
| Elevault vs Barclays | 4.10% | $0 |
| Elevault vs BrioDirect | 4.30% | $5,000 |
| Elevault vs Capital One | 3.50% | $0 |
| Elevault vs Chase Bank | 0.01% | $0 |
| Elevault vs Chime | 3.75% | $0 |
| Elevault vs CIT Bank | 4.00% | $100 |
| Elevault vs Discover Bank | 3.50% | $0 |
| Elevault vs EverBank | 4.30% | $0 |
| Elevault vs FVCbank | 4.35% | $500 |
| Elevault vs GO2bank | 4.50% | $0 |
| Elevault vs Marcus by Goldman Sachs | 3.65% | $0 |
| Elevault vs Neighbors Bank | 4.60% | $0 |
| Elevault vs Newtek Bank | 4.35% | $0 |
| Elevault vs Peak Bank | 4.35% | $100 |
| Elevault vs Pibank | 4.60% | $0 |
| Elevault vs Presidential Bank | 4.50% | $5,000 |
| Elevault vs Santander Bank | 0.03% | $25 |
| Elevault vs SoFi Bank | 3.80% | $0 |
| Elevault vs Synchrony Bank | 3.80% | $0 |
| Elevault vs TIMBR | 4.40% | $1,000 |
| Elevault vs UFB Direct | 4.21% | $5000 |
| Elevault vs Varo Bank | 5.00% | $0 |
| Elevault vs Wells Fargo | 2.51% | $25 |
| Elevault vs Zynlo Bank | 4.35% | $10 |