If you have been following CNET Money’s suggestions for high-yield financial savings accounts, you in all probability know that snagging a excessive rate of interest will help you develop your cash sooner than it could in a conventional financial savings or checking account.
Just just a few years in the past, it wasn’t exhausting to search out an HYSA with a 4% annual proportion yield, with some APYs going as excessive as 5%. In 2025, nevertheless, solely a small variety of banks are providing such good returns.
I went on a hunt to search out the very best APY potential and noticed a financial institution providing over 5%. As ordinary, there is a catch. But this one’s distinctive. In reality, it is tailor-made to reward you for having an lively life-style.
FitnessBank is an online-only financial institution providing 5% or 4.55% APY in your financial savings, relying on assembly sure necessities. I’d by no means heard of it earlier than, nevertheless it’s FDIC-insured to guard your cash as much as $250,000 per particular person.
I like understanding, from indoor biking to working. So, I took a more in-depth have a look at FitnessBank’s financial savings account necessities to be taught extra about maximizing my financial savings earnings. Here’s what I discovered.
What to find out about FitnessBank’s interest-earning accounts
The Fitness Savings account has a somewhat fascinating requirement: a step problem. You’ll want a mean minimal of 10,000 steps every day, or 7,500 when you’re 65 or older. Even when you fall wanting your purpose some days, the typical for the assertion interval is what counts.
FitnessBank says working, swimming and biking additionally rely towards your purpose. There aren’t any step necessities for the primary month.
To earn the “extremely price” of 5% APY in your financial savings, you may have to bundle your financial savings with FitnessBank’s Elite checking account and meet the next mixed standards.
- An common minimal stability of $5,000
- Must use the FitnessBank Step Tracker to hyperlink your step knowledge to your financial savings account
- A minimal of 15 debit card purchases per assertion cycle
- A minimal $100 opening deposit
FitnessBank has different account choices with above-average APYs as nicely.
If you meet all the necessities, for instance, the Elite checking account alone affords a rewarding rate of interest of 5.35% APY. FitnessBank additionally affords a financial savings account and not using a checking account that earns 4.55% APY. If you’ll be able to’t make the step rely, your APY will drop to a decrease price that is extra according to a conventional checking account.
A breakdown of standards and corresponding rates of interest is listed on the web site.
Is FitnessBank’s 5% APY price it?
Choosing the fitting financial savings account will depend on your life-style and desires. Most high-yield financial savings accounts do not supply 5% returns, however they may have extra versatile necessities.
If you are frightened about assembly FitnessBank’s health and monetary standards, I’d suggest researching different high-yield financial savings accounts with above-average APYs that are not as strict. For instance, each Ally and Capital One have a financial savings APY of three.60%, and you will not be penalized for kicking your ft up and enjoyable.
