Last Updated: 04/18/2025
Fitness Bank Savings Account
Unaffiliated
in Savings Accounts from FitnessBank
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
3.50%(Verified 06/21/2024)
Minimum Opening Deposit
$100
Minimum Balance to Earn APY
N/A
Fitness Bank Savings Account Review
Fitness Bank Savings Account is offered by FitnessBank, a bank founded in 2002 and based in Atlanta, GA. Fitness Bank Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 3.50%, which is much higher than the average interest rate for a savings account.
- Charges a monthly fee. This account charges a monthly fee of up to $10.
- $100 minimum opening deposit. This is a typical minimum initial deposit.
Fitness Bank Savings Account Pros & Cons
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Fitness Bank Savings Account FAQ
Are savings accounts from Fitness Bank federally insured?
No, your FitnessBank savings accounts are not insured by a federal insurance agency. This means that if FitnessBank were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.
Does FitnessBank offer a signup bonus?
Fitness Bank Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Fitness Bank Savings Account?
The minimum deposit to open a Fitness Bank Savings Account is $100.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Fitness Bank Savings Account offer?
Fitness Bank Savings Account offers an APY of 3.50% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Fitness Bank Savings Account charge?
Fitness Bank Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
Can you set up a direct deposit to Fitness Bank Savings Account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Fitness Bank Savings Account?
The customer support email for Fitness Bank Savings Account is onlinesupport@fitnessbank.fit.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed