Fitness Bank vs. SoFi Bank
Fitness Bank's Fitness Elite Checking & Fitness Savings Combo pays 4.05% APY while SoFi Bank's SoFi Savings pays 4.00% APY.
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 $50 more than SoFi Bank annually ($405 vs $355).
Choose Fitness Bank if getting the best rate matters most. Choose SoFi Bank if you're an iPhone user, or you want Zelle for quick transfers.
Important Considerations
Both Fitness Elite Checking & Fitness Savings Combo and SoFi Savings pay their top rate only if you also open a checking account at the same institution.
| Metric | Fitness BankFitness Elite Checking & Fitness Savings Combo Sep 4, 2026 | SoFi BankSoFi Savings Sep 4, 2026 |
|---|---|---|
| APY | 4.05% | 3.10% - 4.00% |
Earns in a year | $5,000+$203 $10,000+$405 $25,000+$1,013 | $5,000+$178 $10,000+$355 $25,000+$888 |
Min. Deposit | $100 | $0 |
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. | Limited offer: The stated APY includes a temporary 0.70% APY boost for 6 months. It is available with a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with an interest-bearing checking account. |
| Features | FDIC InsuredLow MinimumsChecking BundleDaily CompoundingStable Rate | FDIC InsuredNo MinimumsGreat iOS AppZelle® SupportedDirect Deposit ReqChecking BundleDaily CompoundingRate Changes Often |
Looking for Simplicity?
Don't want a checking bundle? We track many savings and money market accounts that pay competitive rates without checking requirements.
Comparison Analysis
Comparing Fitness Bank vs. SoFi Bank
Executive Summary
Fitness Bank offers a standout product with its Fitness Elite Checking & Fitness Savings Combo, which boasts a competitive APY of 4.05%. This account requires tracking at least 12,500 average daily steps and maintaining a balance of $100 to earn the highest rate. In contrast, SoFi Bank's savings account provides a maximum APY of 3.80%, but this is contingent upon meeting direct deposit requirements or maintaining qualifying deposits. While SoFi does not charge maintenance fees, it requires eligible direct deposits to achieve its higher rates. Overall, Fitness Bank's offering is superior in terms of APY, while also providing a simpler alternative with its Fitness Savings Account at 3.75%.
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 SoFi Bank?
- Earn a $50 bonus with $1,000+ in direct deposits, or $300 with $5,000+.
- Higher rated iOS app (4.7 vs 1.7)
- Fast transfers via Zelle®
Key Feature Differences
Better Returns at $10,000
Fitness BankFitness Bank's Fitness Elite Checking & Fitness Savings Combo earns more on smaller deposits (approx. $405 vs $355/yr).
Better Returns at $25,000
Fitness BankFitness Bank's Fitness Elite Checking & Fitness Savings Combo pulls ahead with larger amounts (approx. $1013 vs $888/yr).
Better for Simplicity
Fitness BankFitness Bank's Senior Fitness Savings Account offers 3.75% APY with no bundling, direct deposit requirement or caps.
Requires Banking Relationship
Fitness Elite Checking & Fitness Savings Combo and SoFi Savings both require a checking account bundle to pay their highest rates.
Shared Benefits
Over a 1-year period, Fitness Bank's Fitness Elite Checking & Fitness Savings Combo pays $50 more interest on a $10,000 balance than SoFi Bank's SoFi Savings.
*This comparison accounts for SoFi Bank's introductory promotional rate, yet Fitness Bank's standard rate still yields a higher 1-year return.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Fitness Bank vs. SoFi Bank Savings Calculator
You earn $50.1 more with Fitness Bank than SoFi 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
SoFi Bank
SoFi Savings
Savings Breakdown
- Interest Earned+$354.90(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,354.90
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $350 a year in interest.
Both Fitness Bank and SoFi Bank advertise far more than that typical branch-bank rate.
| Feature | Fitness Bank | SoFi Bank |
|---|---|---|
| APY | 4.05% Observed: 9/4/2026 0.25%90-day change | 4.00% Range: 3.10% - 4.00% Observed: 9/4/2026 0.20%90-day change |
| Product Name | Fitness Elite Checking & Fitness Savings Combo | SoFi Savings |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | $100 | $0 |
| 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 | Not reported | 4 (CA, UT) |
| Direct Deposit Req. | None | Required |
| Checking Bundle | Yes | Yes |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Native support added in 2024 for banking members. |
| 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. | Limited offer: The stated APY includes a temporary 0.70% APY boost for 6 months. It is available with a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with an interest-bearing checking account. |
| Next Steps | Visit SiteVerify at Fitness Bank Non-sponsored link to official site | Visit SiteVerify at SoFi Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Fitness Bank | SoFi Bank | ||
|---|---|---|---|---|
| Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo | Senior Fitness Savings Account | SoFi Savings | |
Current APY | 3.75% | 4.05% | 3.75% | 4.00% |
Trend | Stable | Stable | Stable | Stable |
Speed of change | -0.04 | -0.04 | -0.09 | -0.08 |
Days Since Change | 64 | 64 | 64 | 0 |
12-Month High | 4.45% | 4.75% | 4.20% | 4.50% |
12-Month Low | 3.75% | 4.05% | 3.75% | 3.80% |
Changes per month | 0.25 | 0.25 | 0.16 | 0.41 |
Steadiness | 0.022 | 0.020 | 0.048 | 0.051 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 364-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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More Comparisons
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 Newtek Bank | 4.20% | $100 |
| Fitness Bank vs Openbank | 3.80% | $500 |
| Fitness Bank vs Pibank | 4.10% | $0 |
| Fitness Bank vs Synchrony Bank | 3.30% | $0 |
| Fitness Bank vs Varo Bank | 3.75% | $0 |
| Fitness Bank vs Wealthfront | 3.95% | $0 |