Fitness Bank vs. Varo Bank
Fitness Bank's Fitness Elite Checking & Fitness Savings Combo pays 3.80% APY while Varo Bank's High-Yield Savings Account pays 3.75% 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 $143 more than Varo Bank annually ($380 vs $237).
Choose Fitness Bank if getting the best rate matters most. Choose Varo Bank if you're an iPhone user, or you want Zelle for quick transfers.
Important Considerations
Both Fitness Elite Checking & Fitness Savings Combo and High-Yield Savings Account 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 11, 2026 | Varo BankHigh-Yield Savings Account Sep 11, 2026 |
|---|---|---|
| APY | 3.80% | 1.00% - 3.75% |
Earns in a year | $5,000+$190 $10,000+$380 $25,000+$950 | $5,000+$187 $10,000+$237 $25,000+$387 |
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. | Earn the stated APY on up to $5,000 and a lower APY on the rest. A Varo bank account & direct deposit required. |
| Features | FDIC InsuredLow MinimumsChecking BundleDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDirect Deposit ReqChecking BundleDaily CompoundingRate Changes Often |
Market Reality Check
Both of these institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Comparison Analysis
Comparing Fitness Bank vs. Varo Bank
Executive Summary
Fitness Bank offers a competitive APY of 3.80% with its Fitness Elite Checking & Fitness Savings Combo, making it the winner among the two banks. This account requires tracking at least 12,500 average daily steps and maintaining a balance of $100 to earn the highest rate. Alternatively, the Fitness Savings Account provides a 3.50% APY without bundling or direct deposit requirements. In comparison, Varo Bank's High-Yield Savings Account offers a 3.75% APY on balances up to $5,000, but requires a Varo bank account and direct deposit. Both banks are online-only and nationally available.
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 Varo Bank?
- Higher rated iOS app (4.9 vs 1.7)
- Higher rated Android app (4.5 vs 0.0)
- 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. $380 vs $237/yr).
Better Returns at $25,000
Fitness BankFitness Bank's Fitness Elite Checking & Fitness Savings Combo pulls ahead with larger amounts (approx. $950 vs $387/yr).
Better for Simplicity
Fitness BankFitness Bank's Senior Fitness Savings Account offers 3.50% APY with no bundling, direct deposit requirement or caps.
Requires Banking Relationship
Fitness Elite Checking & Fitness Savings Combo and High-Yield Savings Account both require a checking account bundle to pay their highest rates.
Better Mobile App Experience
Varo BankVaro Bank offers an iOS app rated 4.9 (vs. 1.7) and Android app rated 4.5 (vs. 0.0)
Shared Benefits
Over a 1-year period, Fitness Bank's Fitness Elite Checking & Fitness Savings Combo pays $143 more interest on a $10,000 balance than Varo Bank's High-Yield Savings Account.
*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. Varo Bank Savings Calculator
You earn $142.5 more with Fitness Bank than Varo 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+$380.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,380.00
Varo Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$237.50(2.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,237.50
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 $232 a year in interest.
Both Fitness Bank and Varo Bank advertise far more than that typical branch-bank rate.
| Feature | Fitness Bank | Varo Bank |
|---|---|---|
| APY | 3.80% Observed: 9/11/2026 0.50%90-day change | 3.75% Range: 1.00% - 3.75% Observed: 9/11/2026 1.25%90-day change |
| Product Name | Fitness Elite Checking & Fitness Savings Combo | High-Yield Savings Account |
| Minimum Deposit | $100 | $0 |
| 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 | Not reported | 1 (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 Requires history of qualifying direct deposits. |
| 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. | Earn the stated APY on up to $5,000 and a lower APY on the rest. A Varo bank account & direct deposit required. |
| Next Steps | Visit SiteVerify at Fitness Bank Non-sponsored link to official site | Visit SiteVerify at Varo Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Fitness Bank | Varo Bank | ||
|---|---|---|---|---|
| Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo | Senior Fitness Savings Account | High-Yield Savings Account | |
Current APY | 3.50% | 3.80% | 3.50% | 3.75% |
Trend | Stable | Stable | Stable | Stable |
Speed of change | -0.06 | -0.06 | -0.12 | -0.07 |
Days Since Change | 3 | 3 | 3 | 71 |
12-Month High | 4.45% | 4.75% | 4.20% | 5.00% |
12-Month Low | 3.50% | 3.80% | 3.50% | 3.75% |
Changes per month | 0.33 | 0.33 | 0.25 | 0.08 |
Steadiness | 0.032 | 0.030 | 0.073 | 0.039 |
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 3.80% 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 SoFi Bank | 4.00% | $0 |
| Fitness Bank vs Synchrony Bank | 3.30% | $0 |
| Fitness Bank vs Wealthfront | 3.95% | $0 |