Home » Finance » Fitness Bank Review 2022

The benefits explained

  • Rates based on activity level – Instead of interest levels based on account balances, they are set in average daily steps. Customers can get the highest interest rate regardless of their balance.
  • Builds motivation and momentum to stay active – Knowing that you can make more money through exercise is a great motivator that can help you lead a healthier lifestyle in the long run.
  • Fun banking concept – Banking is boring for most people, but Fitness Bank makes it fun with goal tracking, leaderboards, and more.

Disadvantages Explained

  • Requires equipment and technical skills – Customers must own a wearable step tracking device, which costs money. You also need technical skills to link the FitnessBank Step Tracker app to your device and ensure they are synced every month.
  • No debit card – A Fitness Bank account is an online savings account and does not come with a debit card or checks.
  • $10 monthly fee – Accounts have a monthly service fee of $10 if they fall below the minimum average daily balance of $100.

Who is the Fitness Bank for?

Fitness Bank is for active people who enjoy online banking and look for something out of the ordinary. It is also a bank for those who:

  • Like the idea of ​​earning interest based on achieving fitness goals
  • Already 12,500 daily steps on average
  • You want an online savings account to pair with bank accounts from another financial institution
  • Prefer online and mobile banking

What does Fitness Bank offer?

Fitness Bank only offers one account – an online account high yield savings account— with a variant available for seniors.

  • Fitness savings account
  • Senior savings account

Fitness Savings Account

The main feature of Fitness Bank is a Fitness Savings Account, available to US citizens 18 years and older. The account has a minimum opening deposit of $100. There is also a $10 monthly fee which can be waived by maintaining an average daily balance above $100. Savings account balances are currently capped at $250,000.

Interest is earned based on a customer’s average daily steps. Customers should download the FitnessBank Step Tracker app and link it to a wearable fitness device, such as a Fitbit, or their phone’s default health app. The application is available on Google Play (3.3 stars, 17 ratings) and the App Store (3.1 stars, 14 ratings).

Be sure to open the FitnessBank step tracker between the first and third day of each month to sync your step data with your Fitness Savings account.

The highest annual percentage yield (APY) is reserved for people who average at least 12,500 steps daily. Interest rates drop gradually for less steps. Customers also have the option of accumulating extra steps in what’s called a “StepBank” to use in the months they don’t reach their desired step goals. Guests can also participate and organize step challenges and join public and private fitness groups for accountability and community.

Not Annual Percentage Yield (APY)
0 to 4999 0.50%
5,000 to 7,499 0.75%
7,500 to 9,999 1.00%
10,000 to 12,499 1.25%
12,500 and over 2.20%
As of August 4, 2022

Senior savings account

Senior Savings Accounts are available to US citizens over the age of 65. The account details are exactly the same as the Fitness Savings account except for step goals and APY.

Not Annual Percentage Yield (APY)
0 to 4999 0.50%
5,000 to 7,499 1.00%
7,500 to 9,999 1.25%
10,000 and over 2.20%
As of May 4, 2022

fitness bank customer service

Customers can contact Fitness Bank and expect support during business hours Monday through Friday, 9 a.m. to 4 p.m. EST. They can also access online banking by sending an email to onlinesupport@fitnessbank.fit or by completing the request form on the Fitness Bank website. Fitness Bank does not offer chat support. The company’s mobile banking app is available on Google Play (1 star, 1 rating) and the App Store (2 stars, 5 ratings).

How to bank with Fitness Bank

Customers can open a Fitness Bank account online on the bank’s website. As with most financial institutions, you will need to share personal and banking information to verify your identity and fund your account.


Even if you’re not the most active person in the world, Fitness Bank gives you the opportunity to earn more interest than is offered at most traditional banks. Additionally, having goals tied to your savings rate can help you stay more invested in both your fitness and your finances.

Fitness Bank is not a good choice if you are looking for banking products other than a savings account or if you don’t mind doing most of your banking from your phone.


Investopedia is dedicated to providing consumers with unbiased and comprehensive bank reviews. We’ve collected over 20 data points from over 80 banks, including available products, interest rates, fees and affordability, to ensure our content helps users make the right decision for their savings and banking needs.

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