Axos Bank vs. Peak Bank
Comparing Axos Bank and Peak Bank for high-yield savings: Axos Bank's Axos ONE pays 4.21% APY while Peak Bank's Envision High Yield Savings pays 4.02% APY.
Note: Axos Bank requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Axos Bank pays $19 more than Peak Bank annually ($421 vs $402).
Choose Axos Bank if getting the best rate matters most. Choose Peak Bank if you want a no-strings-attached account.
Important Considerations
Axos Bank requires a checking account to unlock its top savings rate, while Peak Bank offers its savings account standalone.
| Metric | Axos BankAxos ONE Mar 7, 2026 | Peak BankEnvision High Yield Savings Mar 7, 2026 |
|---|---|---|
| APY | 4.21% | 4.02% |
Est. Earnings | $5,000+$211 $10,000+$421 $25,000+$1,053 | $5,000+$201 $10,000+$402 $25,000+$1,005 |
Min Deposit | $0 | $100 |
Snapshot view. Rates subject to change. | ||
Terms | The 4.21% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. | - |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking BundleDaily CompoundingRate Changes Often | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Executive Summary
Axos Bank offers a competitive savings option with its Axos ONE product, which provides a leading APY of 4.21%, contingent on maintaining certain deposit conditions. This product is part of a checking and savings bundle, with the checking account yielding 0.51% APY. In comparison, Peak Bank's Envision High Yield Savings offers a solid APY of 4.02% without any requirements for bundling or direct deposits, making it a straightforward choice. Both banks operate online only, and Axos Bank requires a checking account to access its highest rate, while Peak Bank has a minimum deposit of $100.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Axos Bank?
- ✓Earn 0.51% APY on checking account
- ✓Access to 95,000 fee-free ATMs
- ✓Higher potential APY (3.75%-4.21% vs 4.02%) on all balances
- ✓Offers 2 different high-yield savings options
Why Peak Bank?
No distinct advantages found vs Axos Bank.
— Key Feature Differences —
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE earns more on smaller deposits (approx. $421 vs $402/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE pulls ahead with larger amounts (approx. $1053 vs $1005/yr).
Best for Simplicity
Peak BankPeak Bank's Envision High Yield Savings offers 4.02% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
Axos BankAxos Bank's Axos ONE pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE pays $19 more interest on a $10,000 balance than Peak Bank's Envision High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
* Secure link to our partner
Non-sponsored link to official site
Top Market Contenders
Axos Bank vs. Peak Bank Savings Calculator
You earn $19 more with Axos Bank than Peak 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.
Axos Bank
Axos ONE
Savings Breakdown
- Interest Earned+$421.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,421.00
Peak Bank
Envision High Yield Savings
Savings Breakdown
- Interest Earned+$402.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,402.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $401 per year in interest.
Both Axos Bank and Peak Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Axos Bank | Peak Bank |
|---|---|---|
| APY | 4.21% Verified: 3/7/2026 ↘︎ 0.10%90d Change | 4.02% Verified: 3/7/2026 ↘︎ 0.18%90d Change |
| Product Name | Axos ONE | Envision High Yield Savings |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $0 | N/A |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None |
| Direct Deposit Req. | Not required, but is the easiest way to earn the highest APY. | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | The 4.21% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. | - |
| Next Steps | Visit SiteGo to Axos Bank * Secure link to our partner | Visit SiteVerify at Peak Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Axos Bank | Peak Bank | ||
|---|---|---|---|---|
| Summit Savings | Axos ONE | High Yield Savings | Envision High Yield Savings | |
Current APY | 3.75% | 4.21% | 0.61% | 4.02% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -4.2 | -4.7 | 0.0 | -5.0 |
Days Since Change | 86 | 35 | 365 | 34 |
12-Month High | 4.00% | 4.86% | 0.61% | 4.54% |
12-Month Low | 3.75% | 4.21% | 0.61% | 3.99% |
Adjustments / Mo | 0.08 | 0.41 | 0.00 | 0.58 |
Volatility Score | 0.031 | 0.040 | 0.000 | 0.043 |
How to read these metrics(Click to expand)
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Compare Axos Bank's APY of 4.21% with other banks
Compare Peak Bank's APY of 4.02% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Peak Bank vs Ally Bank | 3.20% | $0 |
| Peak Bank vs American Express | 3.30% | $0 |
| Peak Bank vs Bank of America | 0.01% | $100 |
| Peak Bank vs Barclays | 3.85% | $0 |
| Peak Bank vs Capital One | 3.30% | $0 |
| Peak Bank vs Chase Bank | 0.01% | $0 |
| Peak Bank vs Chime | 3.00% | $0 |
| Peak Bank vs CIT Bank | 3.75% | $100 |
| Peak Bank vs Citibank | 3.20% | $0 |
| Peak Bank vs Discover Bank | 3.30% | $0 |
| Peak Bank vs EverBank | 3.90% | $0 |
| Peak Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Peak Bank vs Newtek Bank | 4.20% | $0.01 |
| Peak Bank vs Openbank | 4.09% | $500 |
| Peak Bank vs Pibank | 4.60% | $0 |
| Peak Bank vs SoFi Bank | 4.00% | $0 |
| Peak Bank vs Synchrony Bank | 3.50% | $0 |
| Peak Bank vs Varo Bank | 5.00% | $0 |
| Peak Bank vs Wealthfront | 4.20% | $0 |
| Peak Bank vs Wells Fargo | 0.05% | $25 |