Ally Bank vs. Peak Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Ally BankSavings Account Jan 21, 2026 | Peak BankEnvision High Yield Savings Jan 21, 2026 |
|---|---|---|
| APY | 3.30% | 3.99% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$200 $10,000+$399 $25,000+$998 |
Min Deposit | $0 | $100 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredLow MinimumsGreat iOS AppGreat Android App |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
As of Ally Bank offers an APY of 3.30% for its Savings Account, with a minimum balance of $0, compared to Peak Bank's 3.99% APY for its Envision High Yield Savings account, with a minimum balance of .
Peak Bank pays $69 more than Ally Bank on a $10,000 balance after one year. Ally Bank pays $330, while Peak Bank pays $399 - an APY advantage for Peak Bank.
Why Ally Bank?
- ✓Fast transfers via Zelle® (up to $5,000 a day)
Why Peak Bank?
- ✓Higher potential APY (3.99% vs 3.30%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Peak BankPeak Bank's Envision High Yield Savings earns more on smaller deposits (approx. $399 vs $330/yr).
Better Returns at $25,000
Peak BankPeak Bank's Envision High Yield Savings pulls ahead with larger amounts (approx. $998 vs $825/yr).
Best for Simplicity
Peak BankPeak Bank's Envision High Yield Savings offers 3.99% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Peak BankPeak Bank offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.6 (vs. 4.4)
Shared Benefits
Over a 1-year period, Peak Bank's Envision High Yield Savings pays $69 more interest on a $10,000 balance than Ally Bank's Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Peak Bank offers a competitive Envision High Yield Savings account with an APY of 3.99%, making it the clear winner in this comparison. This account requires a minimum deposit of $100 and has no direct deposit requirement, maintenance fees, or caps, providing a straightforward savings option. In contrast, Ally Bank's Savings Account has an APY of 3.30% and also features no minimum deposit or maintenance fees, but it does not match the higher yield offered by Peak Bank. Both accounts are online-only and FDIC insured, making them accessible for digital savers.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Ally Bank vs. Peak Bank Savings Calculator
You earn $69 more with Peak Bank than Ally Bank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Ally Bank
Savings Account
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
Peak Bank
Envision High Yield Savings
Savings Breakdown
- Interest Earned+$399.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,399.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Ally Bank | Peak Bank |
|---|---|---|
| APY | 3.30% Verified: 1/21/2026 ↘︎ 0.10%90d Change | 3.99% Verified: 1/21/2026 ↘︎ 0.21%90d Change |
| Product Name | Savings Account | Envision High Yield Savings |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $0 | N/A |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.4 | iOS4.8 Android4.6 |
| Zelle® Support | Available Limit: $5,000/dayBenchmark for online Zelle; high limits. | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Ally Bank Non-sponsored link to official site | Visit SiteVerify at Peak Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ally Bank | Peak Bank |
|---|---|---|
| Savings Account | Envision High Yield Savings | |
Current APY | 3.30% | 3.99% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.0 | -4.3 |
Days Since Change | 82 | 20 |
11-Month High | 3.70% | 4.54% |
11-Month Low | 3.30% | 3.99% |
Adjustments / Mo | 0.35 | 0.62 |
Volatility Score | 0.040 | 0.037 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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