Peak Bank: Savings Account & Rates
Mission: Banksparency aims to make Peak Bank's savings account transparent and comparable to the market.
Savings Overview
Envision High Yield Savings
| Min. Deposit | $100 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Prefer In-Person Banking?
This bank is online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Bank Overview
- HQ LocationMcCall, Idaho
- Founded2005
- Ratings & Trust
- Deposit InsuranceFDIC Insured(Cert: 58095)
Our Take on Peak Bank
The Good
- Competitive 4.20% APY
- No monthly maintenance fees
- Highly rated mobile apps (iOS: 4.8, Android: 4.6)
Considerations
- No physical branch access (online only)
Peak Bank offers the Envision High Yield Savings account with a competitive 4.20% APY. This account has no monthly maintenance fees and does not require direct deposit or checking account linkage. Customers can enjoy highly rated mobile apps, with scores of 4.8 on iOS and 4.6 on Android. However, it's important to note that there is no physical branch access, as this is an online-only bank.
Top Market Contenders
See how Peak Bank compares to the highest rates available.
Savings Account: In-Depth View
Savings Account Offered by Peak Bank
| Feature | Envision High Yield Savings |
|---|---|
APY | 4.20%Verified: 12/12/2025 |
APY Trend | Rate Adjusted -0.15% Since 90 days ago |
Min. Deposit | $100 |
Min. Balance | N/A |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
| Next Steps | - |
Calculate Savings for Peak Bank
Savings Breakdown
- Interest Earned+$1,650.70(10.5%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,650.70
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
Last 10 Months| Metric | Envision High Yield Savings |
|---|---|
Latest APY | 4.20% |
Trend | Sideways |
Slope (bps/mo) | -3.8 |
Rate Changes / Mo | 0.40 |
Days Since Last Change | 72 |
High (-10m) | 4.54% |
Low (-10m) | 4.20% |
Draw-down | -7.5% |
Volatility (CV) | 0.029 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 301-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Peak Bank
| Feature | Current View Peak Bank | Empty Slot |
|---|---|---|
| Product | Envision High Yield Savings | - |
APY | 4.20%Verified: 12/12/2025 | - |
APY Trend | Rate Adjusted -0.15% Since 90 days ago | - |
| Min. Deposit | $100 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare Peak Bank's APY of 4.20% with other banks
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