Peak Bank
Last Updated: 7/1/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
Envision High Yield Savings: 4.44% APY(Rank 9 out of 76 tracked HYSAs)
Minimum Deposit: $100 | Online Only
National Savings Interest Rate: 0.38% (as of 6/16/2025)
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
- High APY of 4.44%, unchanged from 30 days ago
- No maintenance fees for the Envision High Yield Savings account
- A+ BBB rating indicates strong trustworthiness
- High App Store rating of 4.8
Considerations
- No physical branches available for in-person banking
- Not BBB Accredited despite high rating
- Direct deposit not required, but may limit some users
- Minimum deposit of $100 may be a barrier for some
Summary: Peak Bank offers an attractive high-yield savings option with an APY of 4.44% and no maintenance fees. However, it lacks physical branches and is not BBB Accredited, which may concern some users. The bank's A+ BBB rating reflects its trustworthiness, while its high App Store rating of 4.8 indicates customer satisfaction. Keep in mind the $100 minimum deposit requirement when considering this online-only account.
Savings Account
Savings Account Offered by Peak Bank
| Feature | Envision High Yield Savings |
|---|---|
| APY | 4.44% (as of 7/1/2025) |
| APY Trend | Stable for the last month |
| 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 |
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
| Metric | Envision High Yield Savings |
|---|---|
| Latest APY | 4.44 % |
| Trend | Sideways |
| Slope (bps/mo) | -1.1 |
| Rate Changes / Mo | 0.44 |
| Days Since Last Change | 61 |
| 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 137 days.
- Low (-4 m)
- Lowest APY in the last 137 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.
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| Feature | Peak Bank | Select a bank... |
|---|---|---|
| Product | Envision High Yield Savings | N/A |
| APY | 4.44% (as of 7/1/2025) | 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 |