Peak Bank: Savings Accounts & Rates

Savings rates updated: 8/15/2025

Mission statement: Banksparency aims to make Peak Bank's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

Note: Interest rates below are reported as APY, or Annual Percentage Yield

We earn a commission if you open an account through some links on this page.

Savings Overview

Envision High Yield Savings: 4.35% APY(Rank 13 of the 20 Best Savings Rates)

Minimum Deposit: $100 | Online Only

National Savings Interest Rate: 0.38% (as of 7/21/2025)

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

Deposit Insurance: FDIC Cert # 58095

BBB Rating: A+ (Not BBB Accredited)

App Store Rating: 4.8/5

Google Play Rating: 4.7/5

Website: Visit Peak Bank

Our Take on Peak Bank

Highlights

Current APY of 4.35%, slightly down from 4.44% last month.
No maintenance fees, making it cost-effective.
High BBB rating of A+, indicating trustworthiness.
App Store rating of 4.8 and Google Play rating of 4.7.

Considerations

Requires a minimum deposit of $100 to open an account.
No physical branches available for in-person banking.
Direct deposit not required, which may limit some users.
Online-only access may not suit all customers.

Summary: Peak Bank offers the Envision High Yield Savings account with a competitive APY of 4.35%, though it has decreased slightly from 4.44% in the last month. There are no maintenance fees, and the bank has a strong BBB rating of A+. However, it operates online only with no branches, and a minimum deposit of $100 is required to open an account. The high app ratings reflect positive user experiences.

Savings Account: In-Depth View

Savings Account Offered by Peak Bank

Feature	Envision High Yield Savings
APY	4.35% (as of 8/15/2025)
APY Trend	-0.09% MoM
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

All calculations are based on APY.

Savings Product:

Envision High Yield Savings (APY: 4.35%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,712.9 (10.90%)
Total contributions: $13,000 (82.73%)
Initial deposit: $1,000 (6.36%)

Your total balance

$15,712.90

Effective APY: 4.35% (based on your deposit and contributions)

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	4.35 %
Trend	Sideways
Slope (bps/mo)	-1.9
Rate Changes / Mo	0.49
Days Since Last Change	16
High (-6 m)	4.54 %
Low (-6 m)	4.35 %
Draw-down from High	-4.2 %
Volatility (CV)	0.015

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 6 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 (-6 m): Highest APY in the last 184 days.
Low (-6 m): Lowest APY in the last 184 days.
Draw-down from High: How far today sits below the 6-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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Feature	Peak Bank	Select a bank...
Product	Envision High Yield Savings	N/A
APY	4.35% (as of 8/15/2025)	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