Peak Bank savings account and CD rates
Peak Bank advertises 4.27% APY on its Envision High Yield Savings account. The 4.27% applies to balances up to $499,999.99. A larger balance earns 3.40% on the whole amount.
That is 3.90 percentage points above the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #26 of 2767 tracked savings rates by advertised APY. For a $10,000 balance it would rank #12. It was #11 three months ago.
Peak Bank at a glance
| Savings | |
|---|---|
| Top savings APY | 4.27% · Envision High Yield Savings · up to $499,999.99 only |
| Minimum to open | $100 · Envision High Yield Savings |
| Against the national average | 3.90 percentage points above the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 3.69% · 12 months · 12-Month CD |
| Minimum to open | $500 · 12 months CD |
| Against the national average | 1.96 percentage points above the 1.73% FDIC 12-month CD average (Sep 2026) |
| FDIC certificate | 58095 · Mccall, ID |
|---|---|
| Website | www.peak.bank/peak-bank |
| Availability | Nationally available |
Peak Bank savings and CD rates
How the rate applies
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 60 savings accounts from 59 banks in the Banksparency core savings index, the median advertised rate is 3.66%, and one account in ten advertises 4.16% or more. See the highest savings rates.
Peak Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 12 months | 3.69% | $500 | 12-Month CD |
| 24 months | 3.34% | $500 | 24-Month CD |
| 36 months | 3.14% | $500 | 36-Month CD |
Interactive Tool
Calculate Savings for Peak Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$1,679.70(10.7%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,679.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Peak Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined. The 4.27% applies to balances up to $499,999.99. A larger balance earns 3.40% on the whole amount.
In Q2 2026, Idaho First Bank paid a higher average rate on savings and money market deposits than 98% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Idaho First Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Envision High Yield Savings | 4.27% | $100 | $0 | $499,999.99 | $0 | None | Tiered | |
| Fine print: The advertised APY is for new accounts only. There is a limit of one Envision High Yield Savings account per customer. Opening funds are subject to a five business day hold. | ||||||||
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| 12-Month CD | 12 months | 3.69% | $500 | not stated | not stated |
| 24-Month CD | 24 months | 3.34% | $500 | not stated | not stated |
| 36-Month CD | 36 months | 3.14% | $500 | not stated | not stated |
Opening and using the account
| Availability | Nationally available |
|---|---|
| App Store rating | 4.8 out of 5 |
| Google Play rating | 4.6 out of 5 |
| Eligibility | not stated |
How Peak Bank behaves over time
- 12-month high
- 4.27%
- 12-month low
- 3.82%
- Advertised now
- 4.27%
- At the 12-month high
- Observed cuts, 12 months
- 0
- In a window with 2 Federal Reserve cuts
The advertised Envision High Yield Savings rate, observed through Oct 3, 2026. The series includes promotional tiers where one applied.
Recent rate changes, as observed
- Obs. Feb 2, 2026Envision High Yield SavingsRaise:3.99%to4.02%
- Envision High Yield Savings
- Up 0.26 percentage points from 7 days ago.
- 12 months CD
- The same as 90 days ago.
At the top advertised rates we observed for Peak Bank's Envision High Yield Savings, $10,000 would have grown to about $10,402 over the past year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). So it buys as much as $10,060 did a year ago. The series includes promotional tiers where one applied. See how the federal funds rate shapes savings rates.
- Envision High Yield Savings APY
- Banksparency savings index
- Consumer price index, year over year
- Fed rate cut
Peak Bank CD rates over time
Who is Peak Bank?
| Headquarters | Mccall, ID |
|---|---|
| Founded | 2005 |
| Scale | $1.4B assets · $1.2B deposits, $964M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 58095 |
| BBB rating | A+ · Not BBB Accredited |
| Affiliation | Peak Bank is a division of Idaho First Bank |
| Charter state | Idaho · the charter, Idaho First Bank, is one of 10 insured banks chartered there (Q2 2026, FDIC) |
Financial detail is in What Peak Bank pays on deposits above.
Common questions about Peak Bank
Is Peak Bank FDIC insured?
Yes. Peak Bank is FDIC insured under certificate 58095, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Peak Bank?
Peak Bank requires a minimum deposit of $100 to open its Envision High Yield Savings account, as observed on Oct 3, 2026. Check the bank's current terms before you open an account.
Does the 4.27% apply to my whole balance?
The 4.27% applies to balances up to $499,999.99. A larger balance earns 3.40% on the whole amount. Rates are as observed on Oct 3, 2026.
Peak Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Peak Bank | 4.27% | 3.46% | $100 | not stated |
| Betterment | 4.25% | not stated | $0 | not stated |
| Neighbors Bank | 4.25% | 3.33% | $0 | 1 branch in MO |
| Pibank | 4.25% | 4.29% | $0 | not stated |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Peak Bank's.
Compare Peak Bank with another bank
Each link opens a full comparison page, with the two banks side by side and their current savings rates.
CIT Bank last changed its rate on February 4, 2026, up 10 basis points. Peak Bank last changed its rate on October 2, 2026, up 26 basis points.
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Axos Bank last changed its rate on February 2, 2026, down 10 basis points. Peak Bank last changed its rate on October 2, 2026, up 26 basis points.
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Compare Peak Bank with another bank as a whole
These pages compare more than savings: checking, branches, the other products each bank sells, and their apps.
Similar banks and related pages
Banks in the same rate band with the same product mix:
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Rate hubs: today's highest savings rates, and CD rates by term.