Open a high interest savings account in Fitness Bank. In order to get this crazy APY you will have to walk at least 12.5k thousand steps every day.
The Fitness bank is just another name for for Affinity Bank.
Affinity bank is FDIC insured up to $250k.
You can check if Bank is insured on official web site fdic.gov.
Fitness Bank is an online only bank. Because of this it can offer high interest on your savings.
If you can walk only 10k steps per day the yield on the savings account will be 2.34%.
The less you walk - the lower will be the interest in your high yield savings account.
But, if you will walk very little - your interest will fall down to only 0.5% tier.
Other high yield savings account usually have lower interest.
For example, American Express has only 1.7% interest:
Other banks like Discover bank offer signup bonuses but the yield is still close to 1.8%
Capital One 360 performance savings account has 1.8% interest and has offers signup bonus of $200
Many other high yield savings accounts:
have interest much higher than average for the industry. They are way better than savings accounts at Bank Of America or Chase:
As a summary - Fitness Bank has the highest interest of savings accounts.
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