Carver Bank vs. Peak Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Carver BankHigh Yield Savings Jan 7, 2026 | Peak BankEnvision High Yield Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.00% | 3.99% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$200 $10,000+$399 $25,000+$998 |
Min Deposit | $5,000 | $100 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredMod. MinimumGreat 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 4.21% APY.
Comparison Analysis
Comparing Carver Bank vs. Peak Bank
As of Carver Bank offers an APY of 4.00% for its High Yield Savings account, with a minimum balance of $5,000, compared to Peak Bank's 3.99% APY for its Envision High Yield Savings account, with a minimum balance of .
Carver Bank pays $1 more than Peak Bank on a $10,000 balance after one year. Carver Bank pays $400, while Peak Bank pays $399 - an APY advantage for Carver Bank.
Why Carver Bank?
- ✓Fast transfers via Zelle®
Why Peak Bank?
No distinct advantages found vs Carver Bank.
Shared Benefits
Over a 1-year period, Carver Bank's High Yield Savings pays $1 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.
Executive Summary as of
Carver Bank offers a High Yield Savings account with a competitive APY of 4.00%, requiring a minimum deposit of $5,000, while Peak Bank's Envision High Yield Savings provides a slightly lower APY of 3.99% with a minimum deposit of only $100. Both accounts are online-only with no maintenance fees, and neither requires direct deposit. Given the higher APY, Carver Bank is the winner for those looking to maximize their savings interest.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
Carver Bank vs. Peak Bank Savings Calculator
You earn $1 more with Carver 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.
Carver Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
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 | Carver Bank | Peak Bank |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 3.99% Verified: 1/7/2026 ↘︎ 0.21%90d Change |
| Product Name | High Yield Savings | Envision High Yield Savings |
| Minimum Deposit | $5,000 | $100 |
| Min. Balance for APY | $5,000 | N/A |
| Monthly Fee | $0, of minimum balance requirement met. Otherwise $6. | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.5 | iOS4.8 Android4.6 |
| Zelle® Support | Available Full native integration in digital banking. | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Carver 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 | Carver Bank | Peak Bank |
|---|---|---|
| High Yield Savings | Envision High Yield Savings | |
Current APY | 4.00% | 3.99% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.6 | -4.0 |
Days Since Change | 309 | 6 |
11-Month High | 4.25% | 4.54% |
11-Month Low | 4.00% | 3.99% |
Adjustments / Mo | 0.09 | 0.64 |
Volatility Score | 0.013 | 0.033 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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