Peak Bank

Last Updated: 6/20/2025

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

Quick Views

Envision High Yield Savings: 4.44% APY(Rank 9 out of 74 tracked HYSAs)

Minimum Deposit: $100 | Online Only

National Savings Interest Rate: 0.42% (as of 5/19/2025)

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: 4.7/5

Website: Visit Peak Bank

Our Take on Peak Bank

Highlights

  • Current APY of 4.44%, unchanged from 30 days ago
  • No maintenance fees on the Envision High Yield Savings account
  • High App Store rating of 4.8
  • A+ BBB rating, indicating trustworthiness

Considerations

  • No branches available for in-person banking
  • Not BBB accredited despite A+ rating
  • Direct deposit not required, but may limit some users
  • Minimum deposit of $100 for the high yield account
Summary: Peak Bank offers a competitive APY of 4.44% on its Envision High Yield Savings account, with no maintenance fees. However, it lacks physical branches, which may be a drawback for some customers. The bank has a strong online presence, reflected in its high app ratings. Despite its A+ BBB rating, it is not BBB accredited, which could raise concerns for some savers. Overall, it's a solid option for online savers.

Savings Account

Savings Account Offered by Peak Bank

FeatureEnvision High Yield Savings
APY
4.44% (as of 6/20/2025)
APY TrendStable for the last month
Minimum Deposit$100
Minimum Balance for APYN/A
FDIC-insured
Yes
Online OnlyYes
Bundled Account
No
Direct Deposit Required
No
Compound Frequency
Daily
Maintenance Fee$0
EligibilityUnited States

No deposit agreement summary available for this bank.

Calculate Savings for Peak Bank

All calculations are based on APY.

Envision High Yield Savings (APY: 4.44%)

Deposit Frequency:

Total savings breakdown:

  • Interest earned: $4 (3.85%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $100 (96.15%)

Your total balance

$104.00

Effective APY: 4.44% (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

MetricEnvision High Yield Savings
Latest APY4.44 %
TrendSideways
Slope (bps/mo)-0.9
Rate Changes / Mo0.47
Days Since Last Change51
High (-4 m)4.54 %
Low (-4 m)4.35 %
Draw-down from High-2.2 %
Volatility (CV)0.014
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 4 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 (-4 m)
Highest APY in the last 128 days.
Low (-4 m)
Lowest APY in the last 128 days.
Draw-down from High
How far today sits below the 4-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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  • SoFi Bank - 3.80% APY
  • Synchrony Bank - 3.80% APY
  • TAB Bank - 4.26% APY
  • TD Bank - 0.05-3.00% APY
  • The State Exchange Bank - 1.90% APY
  • TIMBR - 4.40% APY
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  • Valley Direct - 4.20% APY
  • Varo Bank - 2.50-5.00% APY
  • Western Alliance Bank - 4.30% APY
  • Zynlo Bank - 4.35% APY
FeaturePeak BankSelect a bank...
ProductEnvision High Yield SavingsN/A
APY
4.44% (as of 6/20/2025)N/A
Bundled Account
NoN/A
FDIC-insured
YesN/A
Online OnlyYesN/A
Compound Frequency
DailyN/A
Minimum Deposit$100N/A
Minimum Balance for APYN/AN/A
Maintenance Fee$0N/A
Direct Deposit Required
NoN/A