Fitness Bank vs. Newtek Bank
Fitness Bank's Fitness Elite Checking & Fitness Savings Combo pays 4.05% 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? Newtek Bank pays $15 more than Fitness Bank annually ($420 vs $405).
Choose Newtek Bank if getting the best rate matters most, 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 Aug 20, 2026 | Newtek BankPersonal High Yield Savings Aug 21, 2026 |
|---|---|---|
| APY | 4.05% | 4.20% |
Est. Earnings | $5,000+$203 $10,000+$405 $25,000+$1,013 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $100 | $100 |
Snapshot view. Rates subject to change. | ||
Terms | 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. | Newtek Bank has paused new applications for this account. New customers can only join a waitlist. The advertised APY applies to existing accounts. |
| Features | FDIC InsuredLow MinimumsChecking BundleDaily CompoundingRate Changes Often | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppDaily CompoundingStable Rate |
Prefer In-Person Banking?
Both of these institutions are online-only. If you need in-branch access, check out our list of savings accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Fitness Bank vs. Newtek Bank
Executive Summary
A detailed summary for this comparison is being prepared. Check back soon.
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?
- ✓Offers 3 different high-yield savings options
Why Newtek Bank?
- ✓Higher potential APY (4.20% vs 3.75%-4.05%) on all balances
- ✓Higher rated iOS app (4.5 vs 1.7)
- ✓Higher rated Android app (4.1 vs 0.0)
Key Feature Differences
Better Returns at $10,000
Newtek BankNewtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $420 vs $405/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $1013/yr).
Best for Simplicity
Newtek BankNewtek Bank's Personal High Yield Savings offers 4.20% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Newtek BankNewtek Bank offers an iOS app rated 4.5 (vs. 1.7) and Android app rated 4.1 (vs. 0.0)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $15 more interest on a $10,000 balance than Fitness Bank's Fitness Elite Checking & Fitness Savings Combo.
*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 $15 more with Newtek Bank than Fitness 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+$405.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,405.00
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 $404 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 | 4.05% Verified: 8/20/2026 - | 4.20% Verified: 8/21/2026 - |
| Product Name | Fitness Elite Checking & Fitness Savings Combo | Personal High Yield Savings |
| Minimum Deposit | $100 | $100 |
| Min. Balance for APY | $100 | $0.01 |
| Monthly Fee | $10. Waived for average daily balances > $100 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC or NCUA 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 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. | Newtek Bank has paused new applications for this account. New customers can only join a waitlist. The advertised APY applies to existing accounts. |
| 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 | ||
|---|---|---|---|---|
| Senior Fitness Savings Account | Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo | Personal High Yield Savings | |
Current APY | 3.75% | 3.75% | 4.05% | 4.20% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -9.5 | -3.4 | -3.6 | -0.5 |
Days Since Change | 50 | 50 | 50 | 197 |
12-Month High | 4.20% | 4.50% | 4.85% | 4.35% |
12-Month Low | 3.75% | 3.75% | 4.05% | 4.20% |
Adjustments / Mo | 0.17 | 0.33 | 0.33 | 0.08 |
Volatility Score | 0.048 | 0.021 | 0.020 | 0.004 |
How to read these metrics(Click to expand)
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Compare Fitness Bank's APY of 4.05% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Fitness Bank vs Ally Bank | 3.00% | $0 |
| Fitness Bank vs American Express | 3.00% | $0 |
| Fitness Bank vs Axos Bank | 4.21% | $0 |
| Fitness Bank vs Barclays | 3.65% | $0 |
| Fitness Bank vs Capital One | 3.50% | $0 |
| Fitness Bank vs Chime | 3.75% | $0 |
| Fitness Bank vs CIT Bank | 3.75% | $100 |
| Fitness Bank vs EverBank | 3.90% | $0 |
| Fitness Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Fitness Bank vs Openbank | 3.80% | $500 |
| Fitness Bank vs Pibank | 4.10% | $0 |
| Fitness Bank vs SoFi Bank | 3.80% | $0 |
| Fitness Bank vs Synchrony Bank | 3.30% | $0 |
| Fitness Bank vs Varo Bank | 3.75% | $0 |
| Fitness Bank vs Wealthfront | 3.95% | $0 |