FitnessBank Savings Account Earns High APY With Step Requirements

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UPDATE 8/30/19: Fitness Savings Account's top rate has fallen from 3% to 2.75% APY. The 2.75% APY requires an average step count of 12,500 per day.

Deal Summary: Fitness Savings Account, 3.00% APY on balances over $100 when step requirements are met.

Availability: Nationwide (internet bank)

The Georgia-based, Affinity Bank, has a new and unique online bank. It’s called FitnessBank, and it’s offering an online savings account, the Fitness Savings Account, which currently has the highest rate for a nationally available savings account (3.00% APY on all balances over $100.) The unique aspect of this savings account is that it has activity requirements to qualify for the rate, and they’re not reward checking requirements. These activity requirements are step requirements. To earn high interest rates, customers will have to download the bank’s Step Tracker app that will track your physical steps that you take when you walk or run. The bank will calculate your average daily step count from the previous month to decide if the count is high enough to qualify for different levels of interest rates.

The Fitness Savings Account currently has the following APY/step tiers:

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.75%$100-FitnessBankFitness Savings (12,500+ Steps)
2.50%$100-FitnessBankFitness Savings (10,000 - 12,499 Steps)
1.75%$100-FitnessBankFitness Savings (7,500 - 9,999 Steps)
1.25%$100-FitnessBankFitness Savings (5,000 - 7,499 Steps)
0.50%$100-FitnessBankFitness Savings (0 - 4,999 Steps)
Rates as of September 22, 2019.

The bank has another account, the Senior Fitness Savings Account, for those who are at least 65 years of age. This account has lower step requirements to qualify for the interest rates:

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.75%$100-FitnessBankSenior Fitness Savings (10,000+ Steps)
2.50%$100-FitnessBankSenior Fitness Savings (7,500 - 9,999 Steps)
1.75%$100-FitnessBankSenior Fitness Savings (5,000 - 7,499 Steps)
1.25%$100-FitnessBankSenior Fitness Savings (0 - 4,999 Steps)
Rates as of September 22, 2019.

The step requirements are waived for the first month. The initial APY will be 3.00% until the rate adjustment date following first full month that the account has been opened.

Does FitnessBank Have Legs?

The Fitness Savings Account top-tier APY just reached 3.00% in July. At the time FitnessBank was launched around March of this year, the APY was 2.50%. The APY remained at 2.50% until this month.

An important question for savers when considering a new savings account is will it maintain a competitive rate over the long run? Or is the current rate a short-term promotion?

One thing that helps FitnessBank pay 3% APY is that only a certain percentage of customers will qualify. Over the long run, many customers will only qualify for the lower rates for most months of the year. Thus, the average APY that the bank pays out to its customers may only be something like 2%. If the average rate that they pay out is comparable with the rates of other online banks, FitnessBank has a chance to maintain a top-tier APY that is around 50 to 100 basis points higher than its competitors. Of course, the APY tiers will likely fall if the Fed cuts rates.

Is the concept too much of a gimmick? I know some people don’t want to play games with their savings. FitnessBank may find it difficult to overcome the appearance of being a game or gimmick. Also, the customer must be a smartphone user who is willing to download the Step Tracker app. There may also be privacy concerns with having your steps tracked. And lastly, those who have physical limitations may find it difficult or impossible to qualify for the high interest rates.

There are definitely a few concerns with this concept, but there are also some positives. Most everyone can achieve health benefits by walking more, and a concept like this can provide that incentive.

Features of the Fitness Savings Accounts

Here’s a summary of the basic features of the Fitness Savings Account. These features apply to both the Fitness Savings Account and the Senior Fitness Savings Account.

  • $100 minimum to open, to earn interest, and to avoid a $10 maintenance fee.
  • Standard 6-per-month withdrawal limit applies. $10 fee is charged for each additional withdrawal.
  • Interest is compounded daily, and credited monthly
  • No debit/ATM Cards available

The funds transfer features are important for online saving accounts. Below are a few of the noteworthy features related to transferring funds:

  • Outgoing ACH transfers initiated using FitnessBank’s online funds transfer system are limited to $15k per day (per CSR)
  • Incoming ACH transfers initiated using FitnessBank’s online funds transfer system are limited to $50k per day (per CSR)
  • Incoming wire transfers fee ($12 domestic) may be waived when large incoming transfers are needed.
  • Outgoing wire transfer fee is $15 for domestic transfers.
  • ACH transfers initiated from another institution are allowed without a limit.
  • No holds are placed on incoming ACH transfers.
  • Once account is opened and funded, links to external accounts must be established to initiate ACH deposits and withdrawals. There are no limits to the number of links to external accounts (per CSR).

Customer Service

FitnessBank’s contact page lists the headquarter’s address and its support email address ([email protected]). There’s also a contact form that can be used to send a message. One thing lacking from the contact page is a phone number. However, there is a customer service number listed when you start the online application. This number is 1-855-463-4825 with hours from Monday through Friday from 9am to 4pm EST. When I called this number today, a CSR immediately answered who knew the answers to many of my account questions.

Availability and Application

Headquartered in Atlanta, Georgia, FitnessBank offers its savings accounts online only to US Citizens, 18 years or older, with a valid Social Security number. Single and joint accounts can be opened. The applicants must have a driver’s license or passport.

The online application requires that you agree to the credit report disclosure which says that you “authorize the Bank to obtain a credit or other report or account information from credit or information service agencies.” According to the CSR, this is done for ID verification only. He wasn’t sure if this was a hard or soft pull. There is also a ChexSystem inquiry.

The initial deposit can be made by ACH transfer from another bank or by credit/debit card. The CSR didn’t know the initial deposit limits for either an ACH transfer or for credit cards. CSR said that based on his experience with recent applications, the ACH limit is at least $200k. If the initial deposit is done by ACH, the routing and account number of the external bank is not kept for future transfers. A new link must be established.

Beneficiaries

The online application does not provide options for designating beneficiaries. However, beneficiaries can be designated after the account has been opened and funded by contacting [email protected] Social security numbers of the beneficiaries are required.

Bank Overview

As an online division of Affinity Bank, FitnessBank operates under Affinity Bank’s FDIC Certificate and shares its financial history. Also, Affinity Bank and FitnessBank are treated as the same entity for the purpose of calculating FDIC insurance limits and deposits.

FitnessBank’s website address (fitnessbank.fit) is listed in the FDIC database as one of the deposit accepting websites of Affinity Bank. Note the “.fit” top-level domain (TLD). The “.fit” TLD was made available in 2015 to all who want to identify themselves as part of the fitness community.

FitnessBank/Affinity Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 4.98% (excellent) based on March 31, 2019 data. In the past year, the Bank increased its total non-brokered deposits by $33.23 million, an excellent annual growth rate of 16.31%. Please refer to our financial overview of FitnessBank/Affinity Bank (FDIC Certificate # 57264) for more details.

Affinity Bank was established in 2002 as United Commercial Bank. This was changed to Atlanta Business Bank in 2004. As the bank expanded to serve clients beyond its Atlanta headquarters and to serve individuals (not just business clients), it decided to change its name to Affinity Bank in 2010. The bank remains fairly small with just $318 million in assets, $237 million in deposits and a total of 28 employees.

How the Fitness Savings Account Compares

When compared to 220 Savings Accounts tracked by DepositAccounts.com that are available nationwide, FitnessBank’s Fitness Savings APY currently ranks first. This assumes the FitnessBank customer will be able to maintain the required step activity. No other online savings accounts currently have this type of requirement.

The above rates are accurate as of 7/5/2019.

To search for the best Savings Account, both nationwide and state specific, please refer to DepositAccounts.com’s Savings Account Rates page.

Edit 7/15/19: Corrected inbound ACH transfer limit.

Related Pages: savings accounts, nationwide deals, Internet banks

Comments
jeremyharrison
jeremyharrison   |     |   Comment #1
How is this NOT discrimination against the Disabled?
CuriousDave
CuriousDave   |     |   Comment #5
It would be helpful to be able to read the complete, unabridged terms and conditions for this savings account. For istance, do they include language to the effect that the new offering may be withdrawn at any time, for any reason, at the discretion of Fitness Bank? Do they include language requiring the saver to agree that Fitness Bank cannot be held liable in the event that the account owner suffers any adverse physical effects - including injury from a fall, or even a heart attack - at any time during which the account is owned, and regardless of the amount of the balance in the account?
deplorable fan
deplorable fan   |     |   Comment #13
Same way the senior specials are NOT discrimination against young, beautiful people.
deplorable 1
deplorable 1   |     |   Comment #16
Maybe they could count wheel revolutions on a wheelchair as a alternative to steps. I have a speedometer on my bike that does this. Let's not discriminate against able bodied folks either. This account isn't for those with heart conditions or COPD etc.
midas89
midas89   |     |   Comment #2
Step brothers & sisters rejoice! (Oh wait, that's not what they mean by step requirements. Disregard.)
DAfan
DAfan   |     |   Comment #3
Rate is 3.5% if you get angina, 4% if you have a heart attack.
willy12
willy12   |     |   Comment #8
Can I get special consideration for 20 years on cholesterol pills?
midas89
midas89   |     |   Comment #4
They want an average of 12,500 steps per day to get the 3%. I read that a lot of people average 2,000 steps walking per mile. So, for people who cannot run, but only walk, that would be over 6 miles of walking per day, if the 2,000 steps per walking mile holds up.

If you run 12 minutes per mile (that's 5 mph on a treadmill), you'd be doing approx. 1,950 steps every 12 minutes.
willy12
willy12   |     |   Comment #7
I think 12,500 is too many for most people. I am fit but I'm pretty sure Im under 4000 a day. 

The time it takes to reach 10,000 steps depends on intensity of steps taken. For moderate intensity, 100 steps per minute are taken and for vigorous intensity 130 steps per minute are taken.


So, if the activity is moderate in intensity, it would take 100 minutes to reach 10,000 steps. If the activity is vigorous in intensity, it would take 77 minutes to reach 10,000 steps. To have an active lifestyle, 10,000 to 12,499 steps per day are required. To be considered as having a highly active lifestyle, 12,500 steps per day are necessary.
Anon
Anon   |     |   Comment #10
A mile running is a lot fewer steps than a mile walking.
Victor
Victor   |     |   Comment #64
Anon #10, true, however you will faint and tire 10 times sooner than walking and you will need to take a breather and stop to oxygenate your blood while getting some blisters under your feet. The required 6 miles per day is a training for marathon run, not the average American. Imaging the cost of the shoes or snickers per year and for extra laundry time and extra drinks you will consume, that will eat most of your 0.5% extra interest per year and consider yourself lucky if the net interest rate will be 2.5%. (just like most of the present lazy saving accounts)
deplorable 1
deplorable 1   |     |   Comment #12
Thanks for the breakdown midas89. That does seem like a lot of walking for sure. I usually do 3 miles on a treadmill with a combination of walking, jogging and running. It takes me about 30 min. but I use a incline and weights. I could probably knock it out in a hour if I leave it flat with no weights. Now I just need to get the wife to stop using the treadmill for drying laundry!
111
111   |     |   Comment #15
Speaking of laundry - here's another idea, for those without pets, kids or wives (just kidding, ladies!) to attach the pedometer to. Clip the pedometer to that old sweatshirt in the dryer, and let 'er rip with the timer set to high but no heat (don't want to kill the pedometer). Clothes will take longer to dry, but you'll use less energy and you'll make your 12K steps.
deplorable 1
deplorable 1   |     |   Comment #17
Hey maybe tape the fitbit watch to the side of the washing machine. I'll have to experiment with it. My wife averages 8.000 steps on a average work day without going for a walk and 13,000 with a walk. Maybe I should put the account in her name and borrow her watch to top it off each day.
Victor
Victor   |     |   Comment #63
deplorable 1, nice fantasy, you gonna do that just for a meager 0.5% extra, not a wise choice.
Hanck
Hanck   |     |   Comment #52
midas89, this is for people who train to be marathon runners, anyone with average health will pass-out of exhaustion or will quit after few days do to lactic acid burning the muscles in the legs and or creating veracious veins do to the blood piling up in the feet.
111
111   |     |   Comment #6
I'm going to tell them it may look like I've only moved from the couch to the fridge and back, but that's only because I take very small steps.
midas89
midas89   |     |   Comment #9
How long until someone figures out a way to game the system? Such as: Attach a steps tracker to something that can move back & forth to mimic the correct type of walking or running movement.
deplorable 1
deplorable 1   |     |   Comment #11
Did I just see credit card funding? I have to find out what the cap is. Just think using a 2% cash back card would equal 5% APY. Even better since 2% of that would be tax free. I personally would rather do some walking vs. 20 debit card transactions. I think I'm a bit younger than many on this forum so this isn't too difficult for me although 12,500 steps looks a bit high.
midas89
midas89   |     |   Comment #14
There is a guy who wanted to remain anonymous who told a CBS Miami reporter he puts his Fitbit inside a sock and puts the sock in a dryer. He runs the dryer for an hour and a half on the no-heat setting. The Fitbit records 11,000 steps. (His pedometer is linked to company insurance incentives that can lower his payments.)
Another person put the tracker on a ceiling fan. And yet another person put it on the end of an electric mixer. (There were no totals given for these 2 methods of "hacking" a fitness tracker.) 
i got the beat
i got the beat   |     |   Comment #18
Metronome ?
how big the device
Maria
Maria   |     |   Comment #19
Gimmicks my friends, only gimmicks, their app can be reset remotely to downgrade the steps you are doing and what happens if you lose your cell phone or forgot to take it with you or your cell phone misses every second step you do (not recording it properly) or the battery dies, it happens to me at least every week.
deplorable 1
deplorable 1   |     |   Comment #20
Yeah I need to figure out what app or watch tracks accurately. My wife bough a cheap one and had to return it as it wasn't counting all the steps after days of use. The fitbit she has now seems good so I may use that. I'm in good shape but the reality is that this will be tough to do on the daily.
Peter
Peter   |     |   Comment #26
Maria, you are correct, another thing, what about the people without cell phones, have arthritis, inflamed joints, can not walk, and if someone injures itself, a big lawsuit will follow to claim the bank made her/him do it on instructions/demands from the bank.
999
999   |     |   Comment #21
About 180 miles of walking a month, month after month to get a half percent more than you can get on a savings account with no walking at all?

You'd probably make more money taking a second job, and it'd be a whole lot less effort.
Peter
Peter   |     |   Comment #29
999, just imaging the tear and ware on your joints and cartilage, you will inflame your body because some people are not made to stand on their feet for more than 10 minutes. Imagine someone 300+ pounds doing over 100 miles per month, the hospital bill after the walking / jogging / running for a month will be in 10s of thousands of dollars for internal injures and in millions for pain and suffering. Guess who is going to be blamed.
Healthy Lifestyle
Healthy Lifestyle   |     |   Comment #22
I conduct a physical activity (PA) intervention that uses a fitness tracker and encourages participants to increase their daily steps. I am intrigued by the PA incentive structure proposed by Fitness Bank and certainly admire their intent.

To put this in a little context, while recommendations vary, studies generally suggest that healthy adults should have a range of 7,000 of 11,000 steps per day (certainly having more than this is great). Individuals with fewer than 5,000 steps per day are considered to be sedentary and are definitely at higher risk for cardiovascular events and other health conditions. Increasing your current daily steps by 2,000 per day may reduce your risk of a myocardial infarction or stroke. For individuals who are limited in their PA for various reasons (disability, etc.) and may only have 1,000 to 1,500 steps per day, increasing the daily step count to above 3,000 could also be beneficial. The estimates of effort by others posting here are generally correct. Walking at a moderate pace (3 mph) will generate 12,000 steps in about 2 hours. This objective may seem more feasible if you have shorter periods of activity during different times of the day.

Ken and others have raised some significant issues that should be addressed by the bank. Your PA is important medical information and they should be clear about who has access to this data. Will they share or sell it to other companies (heath insurance, etc.)? Does the cell phone app track your location and movements via GPS; if so, can this be deactivated to maintain privacy? What will be the institution's responsibility for any mild adverse events (muscle soreness, pain) or serious adverse events (heart attack, stroke) that occur during PA performed for the explicit purpose of earning the higher rate? I hope these issues are addressed and that this endeavor is successful.

Given the health care costs in this country, one of the best financial investments you can make is to spend time and effort maintaining your health. Gaming the system by attaching the tracker to various moving objects instead of actually performing the PA yourself could end up costing you more money in the end.
999
999   |     |   Comment #23
You make some good points.

So if walking 12,000 steps takes 2 hours, then walking 10,000 steps, to qualify for the 3% rate -- which is the only rate that makes sense since you can earn the next tier elsewhere without doing any walking -- would take an hour and 40 minutes. Realistically, how many people walk an hour and 40 minutes a day or have that kind of time?

As you pointed out, the intentions of the bank may be good, and it certainly is a novel promotion, but the bottom line is your fitness life is one thing and your financial life is another thing and trying to commingle the two in a deal being offered to a demographically diverse general public is fraught with problems.
Peter
Peter   |     |   Comment #27
Healthy Lifestyle, yes Dr. Phil, nice fantasy, some people can not walk in the cold, hot, rainy days and so on. Yes the GPS is read by the app and you can not cheat, but the bank is exposed to unlimited liability should someone injures itself while on official business doing the demands from the bank. Do you see unlimited amounts of lawsuits in future, I do. This bank is to naive to make demand from the people to follow their demand, watch out for lawyers following you on your jog and assist you when you fall and when you "break a leg".
midas89
midas89   |     |   Comment #33
Peter, you wrote the GPS is reported, thus people can’t cheat. Have you taken into consideration those who consistently get in their steps at home on their treadmill or other walking/stepper exercise machine? In this instance the GPS would always show the same location. Unless the bank states the steps must be outside, someone could absolutely cheat.
Corry
Corry   |     |   Comment #41
Treadmills do not count, must be actual walk/jog/run.
midas89
midas89   |     |   Comment #45
Corry, I looked at the bank's website and did not see anything that sated treadmills or any other exercise equipment where folks can walk or run do not count. (Granted, I could not find a link to their full disclosures page, so maybe you're right. But come on. How could indoor exercising not count? Especially in the winter months where it might be bitter cold outside for a long time.)
Mike
Mike   |     |   Comment #47
midas89, they count on ignorant persons not to fulfill the requirements, therefore, no interest paid for such persons. The bank knows all the limitations out there, they are smart and they know how to cheat the customers. The GPS track(s) are sent back to the bank on daily bases, they are the judge and the executioner. No cheating allowed of any kind.
KBL
KBL   |     |   Comment #24
This concept is in violation of the ADA and it will end as soon as DOJ receives a complaint or the bank receives the proper legal advice.
Man of Leisure
Man of Leisure   |     |   Comment #25
Dumbest thing I ever heard of.

Just let me have my pastrami sandwiches, beer, pancakes, and a 2% savings account and I'm good.
999
999   |     |   Comment #28
You may or may not live longer if you follow the advice of all the health experts and nutrition experts, but you may wish you didn't.

Life is filled with chance, and should be approached with balance. There are no guarantees. Imagine knocking yourself out and giving up everything you enjoy and dying young anyway. It happens. Take a balanced approach. All things in moderation.
Peter
Peter   |     |   Comment #30
999, good point, my grand-ma is over 97 years old and she never ever jogged or ran, she walks around the house and that is all. She was never sick and is in excellent health, she eats anything and everything, maybe that is the secret to long life.
999
999   |     |   Comment #31
I think the experts often think they know more than they actually do know. Life is about chance. There is much that no one knows or understands. Overconfidence is not a sign of intelligence.
DAfan
DAfan   |     |   Comment #34
You can substitute steps for typing, scrolling or clicking. Double credit if on DA site.
999
999   |     |   Comment #35
Now there's a good proposal!

The saying I was trying to think of was:

The more I know, the more I know I don't know.
HARK!
HARK!   |     |   Comment #32
Stupid.......Next!
#39 - This comment has been removed for violating our comment policy.
Mikey1
Mikey1   |     |   Comment #36
I can already envision the overloaded calls to the switchboard (smoke coming out of it) with angry customers saying “yes I did complete my steps” and customer service flatly responding “no, you didn’t”.
ec on
ec on   |     |   Comment #37
Is this a repost from April Fools Day?
L.O.L
L.O.L   |     |   Comment #38
All of a sudden everyone in this thread thinks they are a fitness expert. ie: Deplorable.

LOL!

Go back to your cd addiction. You guys know nothing about health and fitness! You sit on your rears all day chasing low rates and 2% credit cards.

Money is NOT everything in life. Find a new hobby.
deplorable 1
deplorable 1   |     |   Comment #56
I never claimed to be an expert. I do lead a very active lifestyle for my age though. I have been weight training on and off since 6th grade and I do cardio and high intensity interval training as well. You don't need to run marathons or be a triathlete to stay in shape. My favorite hobby is kayaking/kayak surfing.
QED
QED   |     |   Comment #40
I become exhausted merely contemplating opening this account.
999
999   |     |   Comment #43
I just spent my first year's interest on a new pair of running shoes!
#42 - This comment has been removed for violating our comment policy.
fiveyritch
fiveyritch   |     |   Comment #44
Go to hell!
Mike
Mike   |     |   Comment #49
fiveyritch #44, the truth bothers you?
Coach
Coach   |     |   Comment #46
My daily exercise routine is walking from the couch to the toilet, i wonder how many daily steps that will be?
Mike
Mike   |     |   Comment #48
Coach, probably you will have to drink couple of hundreds bottles of beer a day to fulfill the requirements.
HARK!
HARK!   |     |   Comment #50
HARK!

What's wrong with a nice simple 2.50% savings account?
Nothing.
You guys go walk your pooch 6 miles per day. I'll have another cold beer with my pizza and laugh all the way to the bank.
Hanck
Hanck   |     |   Comment #51
HARK! , it pays not to be greedy, I'm with you. All that time wasted walking can be put to better use, like searching for websites to find even better rates.
Jenathome1
Jenathome1   |     |   Comment #53
It is really not that hard to meet the step requirements. I walk my dog an hour every morning and end up at 6,000 steps. Between working, yard work, cooking, cleaning and errands the rest of the day, I can easily meet this requirement most days.
Brunoe
Brunoe   |     |   Comment #54
Jenathome1, it takes just a miss of one day not to fulfill the requirements, lets say you got sick or you got guests or it is to cold or to rainy or to hot or you just do not feel like walking and there you are, you did not fulfill the requirement and will not receive the 3% interest rate for that month.
Joe
Joe   |     |   Comment #55
#53, you said " I can easily meet this requirement most days."
That is not good enough, it must be 100% of the days in the month and do never ever take vacation, it will cost you the money from the interest not being paid to you. I have free health club membership and I can find time to go only 3-4 times a month and that tells me, I will not apply to in-comber more obligations and stress in my life. The 0.5% extra it is not worth a penny if you must work for it, physically and mentally.
deplorable 1
deplorable 1   |     |   Comment #57
You guys make some very good points. Too bad they didn't just give you a step count for the month instead of a average per day(too restrictive). I didn't even think about being sick that alone would kill the deal for sure. I guess you could have someone else do the steps for you on those days. It also looks like you need to have android 5 or higher for any of this to work. I have a older version on my phone. I like taking vacations too and it isn't always easy to have that much energy or time while traveling. Nice concept needs better implementation.
Achylegs
Achylegs   |     |   Comment #60
There would be no difference between them requiring a step count for the month versus an average per day. Let’s say they required 375,000 steps per month (whew!) - same as 12,500 average per day. In either case, you don’t have to hit the 12,500 steps EVERY day; just on average.
Victor
Victor   |     |   Comment #61
Achylegs, they hold the reset button, not you, they can say "according to the record we received from the APP and GPS, you just missed the reward interest rate for few thousand steps", case closed, how are you going to prove the opposite is true, you have no access to the APP counter?
Judy
Judy   |     |   Comment #58
Does having **** each day count towards daily step count?
deplorable 1
deplorable 1   |     |   Comment #59
I don't think so but I like the concept! lol
Victor
Victor   |     |   Comment #62
Judy, unless you can do that while walking, the answer is no, they also look at the GPS position(s).
#70 - This comment has been removed for violating our comment policy.
Chasin Rates
Chasin Rates   |     |   Comment #65
A look at the leader boards on the bank's web site shows how very few people actually make the 12,500 or more steps level to earn the 3.00% interest rate (not counting people who opt of of being on the leader board or those age 65+ who can get the higher rate with fewer steps). As a 10,000 steps goal gal myself, I'd have to decide if the possibility of earning 2.5% was worth it for me. Knowing that some months I'd only hit 1.75%, for me, the answer is no.
Hooked
Hooked   |     |   Comment #71
The leaders board is interesting. So few people made the averaged 12,500 steps in the past three months!
Hidden Gem
Hidden Gem   |     |   Comment #66
Bank of Huawei loves you. (RUN!)
You're Nuts!
You're Nuts!   |     |   Comment #67
All that daily walking for a measly lousy extra .50%?!

You'd have to be retired and have all kinds of time. I will just lay on my couch with the TV remote, and be thankful I'm getting 2.50% for doing nothing.

HARK!
51hh
51hh   |     |   Comment #68
Thanks for the good laugh. :d


In sum, it's a flat no for all normal people.
#69 - This comment has been removed for violating our comment policy.
Bunny
Bunny   |     |   Comment #72
You have to walk 2160 miles per year to collect $500 in a year time, on $100K investment, minus the cost of 10 pairs of snickers, t-shorts, socks, extra laundry and do not forget the time to run that many miles.
All in all you are the loser, because the costs involved to fulfill the obligation outruns many times the extra $500. According to some followers on snap chat, only 8 people per month succeed to make it, the rest are all losers, not even making 2.5% return on their money. Maria said it correctly, "GIMMICK" and nothing else.
Boe
Boe   |     |   Comment #73
Bunny, I agree, that is 15 days of your life gone under your feet every year, if you can walk 10 minutes a mile 24 hours a day, you will need exactly 15 days of non stop walk for 2160 miles per year, if you stop for ice cream or soda it will be 30 days of your life wasted per year. No money can compensate for that, how about your body being abused in the hot, cold, rain and so on and I'm being sick in bed is not an excuse for the bank.
bueller
bueller   |     |   Comment #74
Where do you buy a pair of snickers for $10??
Moris
Moris   |     |   Comment #78
bueller, a cheap pair of snickers for $10 will last you just one day or less, I have tried few of them, the sides of the sole and the fabric opens up and you jog on your socks, then the blisters and cuts follow.
steve_010
steve_010   |     |   Comment #75
Probably already said but just strap your phone to your dog and let it run around :)
51hh
51hh   |     |   Comment #76
With popular demand (72 posts and counting), we might synergize the most efficient way to meet high-rate requirements; just like that of RCAs. :)

1. Automate, 2. Minimize cost, 3. Minimize effort/time...

Too much time on our hands?  True, it is the lazy Summer:D
beware of dog
beware of dog   |     |   Comment #77
too bad i dont have the friendly next door neighborhood walking mailman
Rollinggal
Rollinggal   |     |   Comment #79
No 3% interest for me since I'm in a wheelchair. Walking people only can have more money. ADA will love to hear about this banking promotion.
KC - Cape May
KC - Cape May   |     |   Comment #80
I am 65+ & I absolutely love the opportunity to stay fit & get rewarded with higher interest at the same time... Thank you to the generous President or CEO that provided this healthy challenge to thousands-- What a fabulous idea!! If an average senior walks for approximately 2-3 hours a day they can typically get above the 10,500 steps.... Plus it gets out... I love walking around Cape May!! Please lets be grateful .... How many banks are there that give the opportunity to earn above the 2.75? I challenge anyone who reads this ... Get a garmin or fitbit watch, download watch app & fitness bank app...if you don't know how to download apps ask your kids or app stores or bank for help... I wear my garmin HR (heart rate) 24/7... It calculates steps wonderfully; calculates my exact nightly sleep rhythm; average low/high blood pressures... Come on step into the challenge...

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