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%.
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
Fitness Bank
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
Total balance: $20,990.9
Earnings: $2,990.9
Bank OverviewWells Fargo
⚠️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
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 |