Fitness Bank vs. Newtek Bank
Comparing Fitness Bank and Newtek Bank for high-yield savings: Fitness Bank's Fitness Elite Checking & Fitness Savings Combo pays 4.50% APY while Newtek Bank's Personal High Yield Savings pays 4.20% APY.
Note: Fitness Bank requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Fitness Bank pays $30 more than Newtek Bank annually ($450 vs $420).
Choose Fitness Bank if getting the best rate matters most. Choose Newtek Bank if you want a no-strings-attached account, or mobile app quality matters.
Important Considerations
Fitness Bank requires a checking account to unlock its top savings rate, while Newtek Bank offers its savings account standalone.
| Metric | Fitness BankFitness Elite Checking & Fitness Savings Combo Apr 21, 2026 | Newtek BankPersonal High Yield Savings Apr 21, 2026 |
|---|---|---|
| APY | 4.50% | 4.20% |
Est. Earnings | $5,000+$225 $10,000+$450 $25,000+$1,125 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $100 | $0.01 |
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 InsuredLow MinimumsChecking BundleDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppDaily CompoundingRate Changes Often |
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 Fitness Bank vs. Newtek Bank
Executive Summary
Fitness Bank offers a standout product with its Fitness Elite Checking & Fitness Savings Combo, providing a competitive APY of 4.50% for customers who maintain specific requirements, such as making 15 debit card transactions and tracking daily steps. In comparison, Newtek Bank's Personal High Yield Savings account offers a solid APY of 4.20%, with no maintenance fees and a low minimum deposit of just $0.01. Both accounts are online-only, but Fitness Bank’s account requires a checking account to achieve the highest yield, while Newtek Bank has no such stipulation. Overall, Fitness Bank's combo account is the winner based on the highest APY offered.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Fitness Bank?
- ✓Higher potential APY (4.20%-4.50% vs 4.20%) on all balances
- ✓Offers 2 different high-yield savings options
Why Newtek Bank?
- ✓Higher rated iOS app (4.5 vs 1.7)
— Key Feature Differences —
Better Returns at $10,000
Fitness BankFitness Bank's Fitness Elite Checking & Fitness Savings Combo earns more on smaller deposits (approx. $450 vs $420/yr).
Better Returns at $25,000
Fitness BankFitness Bank's Fitness Elite Checking & Fitness Savings Combo pulls ahead with larger amounts (approx. $1125 vs $1050/yr).
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 $30 more interest on a $10,000 balance than Newtek Bank's Personal High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Fitness Bank vs. Newtek Bank Savings Calculator
You earn $30 more with Fitness Bank than Newtek 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.
Fitness Bank
Fitness Elite Checking & Fitness Savings Combo
Savings Breakdown
- Interest Earned+$450.00(4.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,450.00
Newtek Bank
Personal High Yield Savings
Savings Breakdown
- Interest Earned+$420.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,420.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $419 per year in interest.
Both Fitness Bank and Newtek Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Fitness Bank | Newtek Bank |
|---|---|---|
| APY | 4.50% Verified: 4/21/2026 ↘︎ 0.25%90d Change | 4.20% Verified: 4/21/2026 ↘︎ 0.15%90d Change |
| Product Name | Fitness Elite Checking & Fitness Savings Combo | Personal High Yield Savings |
| Minimum Deposit | $100 | $0.01 |
| Min. Balance for APY | $100 | $0.01 |
| Monthly Fee | $10. Waived for average daily balances > $100 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | 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 Fitness Bank Non-sponsored link to official site | Visit SiteVerify at Newtek Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Fitness Bank | Newtek Bank | |
|---|---|---|---|
| Fitness Elite Checking & Fitness Savings Combo | Fitness Savings Account | Personal High Yield Savings | |
Current APY | 4.50% | 4.20% | 4.20% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -4.7 | -3.2 | -1.3 |
Days Since Change | 77 | 77 | 74 |
12-Month High | 5.00% | 4.55% | 4.35% |
12-Month Low | 4.50% | 4.20% | 4.20% |
Adjustments / Mo | 0.25 | 0.25 | 0.08 |
Volatility Score | 0.037 | 0.029 | 0.015 |
How to read these metrics(Click to expand)
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Compare Fitness Bank's APY of 4.50% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Fitness Bank vs Ally Bank | 3.10% | $0 |
| Fitness Bank vs American Express | 3.20% | $0 |
| Fitness Bank vs Axos Bank | 4.21% | $0 |
| Fitness Bank vs Barclays | 3.75% | $0 |
| Fitness Bank vs Capital One | 3.20% | $0 |
| Fitness Bank vs Chime | 3.00% | $0 |
| Fitness Bank vs CIT Bank | 3.75% | $100 |
| Fitness Bank vs Discover Bank | 3.30% | $0 |
| Fitness Bank vs EverBank | 3.90% | $0 |
| Fitness Bank vs Marcus by Goldman Sachs | 3.50% | $0 |
| Fitness Bank vs Openbank | 4.00% | $500 |
| Fitness Bank vs Pibank | 4.40% | $0 |
| Fitness Bank vs SoFi Bank | 4.00% | $0 |
| Fitness Bank vs Synchrony Bank | 3.40% | $0 |
| Fitness Bank vs Varo Bank | 5.00% | $0 |
| Fitness Bank vs Wealthfront | 4.20% | $0 |