Peak Bank: Savings Accounts & Rates
By Aviel Fahl
Savings rates updated: 11/15/2025
Mission statement: Banksparency aims to make Peak Bank's savings accounts transparent and comparable to those of other banks. .
Note: Interest rates below are reported as APY, or Annual Percentage YieldWe earn a commission if you open an account through some links on this page.
Savings Overview
Envision High Yield Savings: 4.20% APY(Rank 19 of the 20 Best Savings Rates)
National Savings Interest Rate: 0.4% (as of 10/20/2025)
Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.
(Source: FDIC)Bank Overview
Location: McCall, Idaho
Founded: 2005
Affiliation: Peak Bank is a division of Idaho First Bank
Access to Branches: None
BBB Rating: A+ (Not BBB Accredited)
App Store Rating: 4.8/5
Google Play Rating: 4.6/5
Website: Visit Peak Bank
Our Take on Peak Bank
Highlights
- Current APY of 4.20%, unchanged from 30 days ago.
- No maintenance fees, making it cost-effective.
- High App Store rating of 4.8.
- A+ BBB rating indicates strong trustworthiness.
Considerations
- No physical branches available for in-person service.
- Direct deposit is not required but may limit options.
- Not BBB accredited, which may concern some users.
- Minimum deposit requirement of $100 may deter some.
Savings Account: In-Depth View
Savings Account Offered by Peak Bank
| Feature | Envision High Yield Savings |
|---|---|
| APY | 4.20% (as of 11/15/2025) |
| APY Trend | -0.15% QoQ |
| Minimum Deposit | $100 |
| Minimum Balance for APY | N/A |
| FDIC-insured | Yes |
| Online Only | Yes |
| Bundled Account | No |
| Direct Deposit Required | No |
| Compound Frequency | Daily |
| Maintenance Fee | $0 |
| Eligibility | United States |
| Sponsored Link | |
No deposit agreement summary available for this bank. | |
Calculate Savings for Peak Bank
Envision High Yield Savings (APY: 4.20%)
Total savings breakdown:
- Interest earned: $1,650.7 (10.55%)
- Total contributions: $13,000 (83.06%)
- Initial deposit: $1,000 (6.39%)
Your total balance
$15,650.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Peak Bank Savings Rates Over Time
Historical APY Insights
| Metric | Envision High Yield Savings |
|---|---|
| Latest APY | 4.20 % |
| Trend | Sideways |
| Slope (bps/mo) | -3.7 |
| Rate Changes / Mo | 0.44 |
| Days Since Last Change | 45 |
| High (-9 m) | 4.54 % |
| Low (-9 m) | 4.20 % |
| Draw-down from High | -7.5 % |
| Volatility (CV) | 0.026 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-9 m)
- Highest APY in the last 274 days.
- Low (-9 m)
- Lowest APY in the last 274 days.
- Draw-down from High
- How far today sits below the 9-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Compare Peak Bank's Savings Account
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- LendingClub - 3.20-4.20% APY
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- Synchrony Bank - 3.80% APY
- TAB Bank - 3.80% APY
- TD Bank - 0.05-2.75% APY
- The State Exchange Bank - 3.96% APY
- TIMBR - 4.40% APY
- UFB Direct - 3.51-3.71% APY
- Upgrade - 3.05% APY
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- Varo Bank - 2.50-5.00% APY
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- Wealthfront - 3.50-4.15% APY
- Wells Fargo - 0.05-0.05% APY
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| Feature | Peak Bank | Select a bank... |
|---|---|---|
| Product | Envision High Yield Savings | N/A |
| APY | 4.20% (as of 11/15/2025) | N/A |
| Bundled Account | No | N/A |
| FDIC-insured | Yes | N/A |
| Online Only | Yes | N/A |
| Compound Frequency | Daily | N/A |
| Minimum Deposit | $100 | N/A |
| Minimum Balance for APY | N/A | N/A |
| Maintenance Fee | $0 | N/A |
| Direct Deposit Required | No | N/A |
Bank-to-Bank Comparisons
Compare Peak Bank's APY of 4.20% with other banks
Alternatives to Peak Bank
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Vio Bank
Online Savings Account: 4.21% APY
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Direct Deposit: To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.
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High-Yield Savings Account: 5.00% APY
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Neighbors Savings Account: 4.50% APY
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Eligible States: Limited (see details)
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High-Yield Savings Account: 4.10% APY
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High Yield Savings: 4.50% APY
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High-Yield Savings Account: 4.20% APY
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