If you were looking for more reasons to focus more on your fitness, here is another one.
Commercial Bank of Dubai just launched a new app – CBD Active Saver – that provides users with the opportunity to earn higher interest rates based on the number of steps they take per day.
The app works with savings accounts and the interest can reach a maximum of 1.5 percent for accounts containing at least 1 million dirhams. When at least 250,000 dirhams are in the account, the savings rate of 0.2 percent rises to 0.3 percent.
Setting goals starting at 5,000 steps per day and increasing by 2,500 steps up to 15,000 steps, the app encourages users to increase their level of fitness over time. Once users achieve the 15,000 steps goal, the app will provide new weekly targets.
“The app promotes fitness and health among our customers while giving them increased financial benefits,” Murray Sims, personal banking general manager of CBD, said, according to The National.
Currently, the app only works with Fitbit and Jawbone but will soon be available for programs on iOS and Android devices.