In this video, I’m going through a new bank that just came on the market. Fitness Bank (a part of Affinity Bank) has an online savings account that pays you to exercise. Basically, they keep track of the number of steps you take each day (through your Apple Health app or similar on Android), and puts you in an interest rate category.
I’ve never seen a bank that pays people to exercise, so I thought I would share this unique and fun idea.
As of October 2019, you receive 2.75% interest on your money, which is insanely high!! That beats out all the other banks I have reviewed on this channel. While the catch is that you need to actively be on your feet to get that rate, it is pretty cool.
Would I put all my money in this account? No way — there are too many variables that determine the rate and I prefer something I don’t need to think about. Can it be a great account for someone to invest a bit of money in to motivate them to exercise? Heck yes.
Make sure to watch through the end to see the different interest rate tiers, and how the system works. And make sure to read any fine print before opening up an account!
Thank you for watching!
#FitnessBank #SavingsAccount #Health
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