Fitness Bank vs Wells Fargo
High-Yield Savings Accounts Comparison
Last Updated: August 29, 2025
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Summary of Fitness Bank vs. Wells Fargo
As of August 29, 2025 Fitness Bank offers an APY of 4.85% for its Fitness Elite Checking & Fitness Savings Combo account, compared to Wells Fargo's 2.51% APY for its Platinum Savings account.
Fitness Bank yields $480 more than Wells Fargo on a $10,000 balance after one year. Fitness Bank pays $485, while Wells Fargo pays $5 (with an effective APY of 0.05%) - an APY advantage for Fitness Bank.
In addition, Fitness Bank also offers 4.50% APY for the Fitness Savings Account account, while Wells Fargo offers 0.01% APY for the Way2Save Savings account.
Fitness Bank
Strengths
- Fitness Bank offers a high APY of 4.85% for its Fitness Elite Checking & Fitness Savings Combo.
- Fitness Bank has an A+ BBB rating, indicating strong trustworthiness.
- Fitness Bank's APY decreased slightly from 5.00% to 4.85% over the last 30 days.
Potential Drawbacks
- Fitness Bank has low App Store and Google Play ratings of 1.7 and 0.0, respectively.
- Fitness Bank requires maintaining a $5,000 average balance to earn the highest APY.
- Fitness Bank's Fitness Savings Account APY decreased from 4.55% to 4.50% recently.
Wells Fargo
Strengths
- Wells Fargo has a wide branch network with locations in 36 states and Washington, D.C.
- Wells Fargo's Platinum Savings offers a competitive APY of 2.51% for balances over $1,000,000.
- Wells Fargo's App Store and Google Play ratings are high at 4.9 and 4.8, respectively.
Potential Drawbacks
- Wells Fargo has a low BBB rating of F and is not accredited.
- Wells Fargo's Platinum Savings requires a high minimum balance of $1,000,000 for the top APY.
- Wells Fargo's Way2Save Savings offers a very low APY of 0.01%.
Summary: Fitness Bank offers a significantly higher APY of 4.85% compared to Wells Fargo's 2.51% for high balances, but it has low app ratings and a tiered structure. Wells Fargo, despite a low BBB rating, provides extensive branch access and higher app ratings, but its savings accounts yield lower returns. Overall, Fitness Bank may appeal to those seeking higher interest, while Wells Fargo offers more accessibility.
Compare Fitness Bank's vs Wells Fargo's Savings Accounts
| Fitness Bank | Wells Fargo | ||||
|---|---|---|---|---|---|
| Product | Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo | vs | Way2Save Savings | Platinum Savings |
| APY | 4.50% (as of 8/29/2025) | 4.85% (as of 8/29/2025) | 0.01% (as of 8/29/2025) | 0.05% - 2.51% (as of 8/29/2025) | |
| Bundled Account | No | Yes | No | Yes | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | No | No | |
| Compound Frequency | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $100 | $100 | $25 | $25 | |
| Minimum Balance for APY | $100 | $100 | $0 | $1,000,000 | |
| Maintenance Fee | $10. Waived for average daily balances > $100 | $10. Waived for average daily balances > $100 | $5. Waived under some circumstances. | $12. Waived with $3,500 minimum daily balance. | |
| Direct Deposit Required | No | No | No | No | |
| Note | 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. | This is a tiered savings account where rates vary based on the balance. The 2.51% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. | ||
| App Store Rating | 1.7/5 | 4.9/5 | |||
| Google Play Rating | No | 4.8/5 | |||
| BBB Rating | A+ | F | |||
Comparative Historical APY Insights (Last 2 Months)
| Fitness Bank | Wells Fargo | ||||
|---|---|---|---|---|---|
| Product | Fitness Elite Checking & Fitness Savings Combo | Fitness Savings Account | vs | Platinum Savings | Way2Save Savings |
| Latest APY | 4.85 % | 4.50 % | 2.51 % | 0.01 % | |
| Trend | Falling | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -13.4 | -4.5 | 0.0 | 0.0 | |
| Rate Changes / Mo | 0.63 | 0.63 | 0.00 | 0.00 | |
| Days Since Last Change | 31 | 31 | 47 | 48 | |
| High (-2 m) | 5.00 % | 4.55 % | 2.51 % | 0.01 % | |
| Low (-2 m) | 4.85 % | 4.50 % | 2.51 % | 0.01 % | |
| Draw-down from High | -3.0 % | -1.1 % | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.015 | 0.005 | 0.000 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 2 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 (-2 m)
- Highest APY in the last 48 days.
- Low (-2 m)
- Lowest APY in the last 48 days.
- Draw-down from High
- How far today sits below the 2-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 Fitness Bank vs Wells Fargo
All calculations are based on APY.
Fitness Bank
APY: 4.85%
Total savings breakdown:
- Interest earned: $2,990.9 (14.25%)
- Total contributions: $13,000 (61.93%)
- Initial deposit: $5,000 (23.82%)
Your total balance
$20,990.90
Effective APY: 4.85% (based on your deposit and contributions)
Total balance: $20,990.9
Earnings: $2,990.9
Bank OverviewWells Fargo
APY: 2.51%
⚠️The higher APY only applies once your balance reaches $1,000,000.
Total savings breakdown:
- Interest earned: $28.6 (0.16%)
- Total contributions: $13,000 (72.11%)
- Initial deposit: $5,000 (27.73%)
Your total balance
$18,028.60
Effective APY: 0.05% (based on your deposit and contributions)
Total balance: $18,028.6
Earnings: $28.6
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Fitness Bank's total earnings would be $2,962.3 higher than Wells Fargo's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Fitness Bank's APY of 4.85% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Fitness Bank vs Ally Bank | 3.50% | $0 |
| Fitness Bank vs American Express | 3.50% | $0 |
| Fitness Bank vs Axos Bank | 4.46% | $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 Discover Bank | 3.50% | $0 |
| Fitness Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Fitness Bank vs Presidential Bank | 4.50% | $5,000 |
| Fitness Bank vs SoFi Bank | 3.80% | $0 |
| Fitness Bank vs Synchrony Bank | 3.80% | $0 |
| Fitness Bank vs UFB Direct | 4.21% | $5000 |
| Fitness Bank vs Varo Bank | 5.00% | $0 |
Compare Wells Fargo's APY of 2.51% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Wells Fargo vs Ally Bank | 3.50% | $0 |
| Wells Fargo vs American Express | 3.50% | $0 |
| Wells Fargo vs Axos Bank | 4.46% | $0 |
| Wells Fargo vs Bank of America | 0.01% | $100 |
| Wells Fargo vs Barclays | 4.10% | $0 |
| Wells Fargo vs Capital One | 3.50% | $0 |
| Wells Fargo vs Chase Bank | 0.01% | $0 |
| Wells Fargo vs Chime | 3.75% | $0 |
| Wells Fargo vs CIT Bank | 4.00% | $100 |
| Wells Fargo vs Discover Bank | 3.50% | $0 |
| Wells Fargo vs Marcus by Goldman Sachs | 3.65% | $0 |
| Wells Fargo vs Presidential Bank | 4.50% | $5,000 |
| Wells Fargo vs SoFi Bank | 3.80% | $0 |
| Wells Fargo vs Synchrony Bank | 3.80% | $0 |
| Wells Fargo vs UFB Direct | 4.21% | $5000 |
| Wells Fargo vs Varo Bank | 5.00% | $0 |