Compound Interest Calculator
Savings Account from FitnessBank, a division of Affinity Bank with 5.00% APY



Use or Change These Amounts and Rates

The product Savings Account from FitnessBank, a division of Affinity Bank with 5.00% APY and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $32,578. The interest earned would be $12,578 and the tax amount on the interest earned would be approximately $3,773.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account

The Results for FitnessBank, a division of Affinity Bank

Savings Boost of
$8,501 over 10 years
Cash Savings $20,000
Average Interest Earned $304

 
FitnessBank, a division of Affinity Bank Interest Earned $8,805

 

 

See comparison detail table

This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

Rate:
0.22%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 43 30
2 20,043 43 30
3 20,086 43 30
4 20,129 43 30
5 20,173 43 30
6 20,216 43 30
7 20,259 44 30
8 20,303 44 31
9 20,347 44 31
10 20,390 44 31
TOTAL: $434 $304

FitnessBank, a division of Affinity Bank Scenario

Rate:
5.00%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 1,000 700
2 21,000 1,050 735
3 22,050 1,103 772
4 23,153 1,158 810
5 24,310 1,216 851
6 25,526 1,276 893
7 26,802 1,340 938
8 28,142 1,407 985
9 29,549 1,477 1,034
10 31,027 1,551 1,086
TOTAL: $12,578 $8,805

Take Action

The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.


Recent Rate Changes



Date APY
October 3, 2023 5.00%
August 20, 2023 4.75%


Featured CD Rates

ONLINE BANKS APY? MIN?

6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

Last change: ↑0.46% on December 15, 2023.
3 Month CD.

Last change: ↑0.20% on September 8, 2023.
6 Month CD.

Last change: ↓0.05% on March 15.
3 Month CD.

Last change: ↑0.09% on March 12.
6 Month Jumbo CD.



Customer Reviews for FitnessBank, a division of Affinity Bank (28)


  • October 11, 2022 |

    Savings Rates

    Glad to have found this one and thanks to bestcashcow for not hiding the best rates like bankrate does

  • May 8, 2022 |

    Online Savings Rates

    If you have any device that is tracking your steps (phone, watch, fitbit) then I recommend this acct and this bank. Lots of fun and the competitions keep my husband and me motivated. Enjoying a rate which is constantly on the front page of this site.

  • January 7, 2022 |

    Online Savings Rates

    lots of problems with the step tracker and the app over the last year, but the account remains rate competitive for those who can reliably track the steps through their device or watch.

  • November 23, 2021 |

    Online Savings Rates

    I've been a holder for a while, including through all the trouble with the app. Seeing higher rates now and growing a little tired of needing to worry about counting steps now. Leaving now.

  • August 24, 2021 |

    Online Savings Rates

    The system has been down all month, but they are giving everyone the highest rate. Hope the fix it soon. I actually love the gamification part (competing with others for most steps)!


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