Peak Bank: Savings Accounts & Rates

Savings rates updated: 10/1/2025

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

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Savings Overview

Envision High Yield Savings: 4.20% APY(Rank 23 out of 83 tracked HYSAs)

Minimum Deposit: $100 | Online Only

National Savings Interest Rate: 0.4% (as of 9/15/2025)

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

APY of 4.20%, slightly lower than 30 days ago (4.35%)
No maintenance fees for the Envision High Yield Savings account
High App Store rating of 4.8 and Google Play rating of 4.7
A+ BBB rating, indicating strong trustworthiness

Considerations

No physical branches available for in-person banking
Direct deposit not required, which may limit some users
Online-only account may deter those preferring traditional banking
Not BBB Accredited despite high rating

Summary: Peak Bank offers an online-only Envision High Yield Savings account with a competitive APY of 4.20%. Although this is a slight decrease from 4.35% last month, it remains attractive for savers. The bank has no maintenance fees and boasts high ratings in both app stores. However, it lacks physical branches and is not BBB Accredited, which could be drawbacks for some customers seeking a traditional banking experience.

Savings Account: In-Depth View

Savings Account Offered by Peak Bank

Feature	Envision High Yield Savings
APY	4.20% (as of 10/1/2025)
APY Trend	-0.15% WoW/-0.24% 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

All calculations are based on APY.

Savings Product:

Envision High Yield Savings (APY: 4.20%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

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

Effective APY: 4.20% (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	4.20 %
Trend	Sideways
Slope (bps/mo)	-2.4
Rate Changes / Mo	0.52
Days Since Last Change	0
High (-8 m)	4.54 %
Low (-8 m)	4.20 %
Draw-down from High	-7.5 %
Volatility (CV)	0.017

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 8 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 (-8 m): Highest APY in the last 229 days.
Low (-8 m): Lowest APY in the last 229 days.
Draw-down from High: How far today sits below the 8-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

Affirm - 3.60% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.40% APY
Amalgamated Bank - 2.25% APY
American Express - 3.50% APY
Ameriprise Bank - 3.15-3.15% APY
Axos Bank - 4.46% APY
Bank5 Connect - 4.05% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 4.05% APY
Betterment - 3.75% APY
BMO Alto - 3.25% APY
Bread Savings - 4.25% APY
BrioDirect - 4.30% APY
Capital One - 3.40% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
Chime - 1.25-3.75% APY
CIBC Bank USA - 4.02% APY
CIT Bank - 0.25-3.85% APY
Citibank - 3.40% APY
Citizens Access™ - 3.50% APY
Colorado Federal Savings Bank - 4.15% APY
ConnectOne Bank - 3.85% APY
Customers Bank - 3.98% APY
Discover Bank - 3.40% APY
Elevault - 4.34% APY
E*TRADE from Morgan Stanley - 3.75% APY
EverBank - 4.05% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.10% APY
Fitness Bank - 4.75% APY
Flagstar Bank - 4.00% APY
FNBO Direct - 3.25% APY
Forbright Bank - 4.25% APY
FVCbank - 4.10% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 4.00% APY
Marcus by Goldman Sachs - 3.65% APY
MutualOne Bank - 4.07% APY
My Banking Direct - 4.30% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.60% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Pibank - 4.60% APY
PNC - 3.85% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.10% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 3.90% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 4.20% APY
ROGER - 3.87% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.50% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-3.00% APY
The State Exchange Bank - 4.11% APY
TIMBR - 4.40% APY
UFB Direct - 3.90-4.10% APY
Upgrade - 3.42% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.10% APY
Zynlo Bank - 4.35% APY

Feature	Peak Bank	Select a bank...
Product	Envision High Yield Savings	N/A
APY	4.20% (as of 10/1/2025)	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

Bank Pair	Competitor APY	Min Deposit
Peak Bank vs Ally Bank	3.40%	$0
Peak Bank vs American Express	3.50%	$0
Peak Bank vs Axos Bank	4.46%	$0
Peak Bank vs Bank of America	0.01%	$100
Peak Bank vs Barclays	4.10%	$0
Peak Bank vs BrioDirect	4.30%	$5,000
Peak Bank vs Capital One	3.40%	$0
Peak Bank vs Chase Bank	0.01%	$0
Peak Bank vs Chime	3.75%	$0
Peak Bank vs CIT Bank	3.85%	$100
Peak Bank vs Discover Bank	3.40%	$0
Peak Bank vs Elevault	4.34%	$0
Peak Bank vs EverBank	4.05%	$0
Peak Bank vs Fitness Bank	4.75%	$100
Peak Bank vs FVCbank	4.10%	$500
Peak Bank vs GO2bank	4.50%	$0
Peak Bank vs Marcus by Goldman Sachs	3.65%	$0
Peak Bank vs Neighbors Bank	4.60%	$0
Peak Bank vs Newtek Bank	4.35%	$0
Peak Bank vs Pibank	4.60%	$0
Peak Bank vs Presidential Bank	4.50%	$5,000
Peak Bank vs Santander Bank	0.01%	$25
Peak Bank vs SoFi Bank	4.50%	$0
Peak Bank vs Synchrony Bank	3.80%	$0
Peak Bank vs TIMBR	4.40%	$1,000
Peak Bank vs UFB Direct	4.10%	$5000
Peak Bank vs Varo Bank	5.00%	$0
Peak Bank vs Wells Fargo	2.51%	$25
Peak Bank vs Zynlo Bank	4.35%	$10