Charles Schwab Bank vs. Peak Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Charles Schwab Bank
Schwab Bank Investor Savings™
0.15%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppIn-Person AccessShow Fine Print & Trends Hide Details
Charles Schwab Bank
Schwab Bank Investor Savings™
Peak Bank
Envision High Yield Savings
4.20%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Peak Bank
Envision High Yield Savings
Charles Schwab Bank vs. Peak Bank Savings Calculator
Peak Bank earns $2,478.2 more than Charles Schwab Bank.
Charles Schwab Bank
Schwab Bank Investor Savings™
Savings Breakdown
- Interest Earned+$86.10(0.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,086.10
Peak Bank
Envision High Yield Savings
Savings Breakdown
- Interest Earned+$2,564.30(12.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,564.30
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. Peak Bank
Why Charles Schwab Bank?
No distinct advantages found vs Peak Bank.
Why Peak Bank?
- ✓Higher potential APY (4.20% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.6 vs 2.9)
— Key Feature Differences —
Better Returns at $10,000
Peak BankPeak Bank's Envision High Yield Savings earns more on smaller deposits (approx. $420 vs $15/yr).
Better Returns at $25,000
Peak BankPeak Bank's Envision High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $38/yr).
Best for Simplicity
Peak BankPeak Bank's Envision High Yield Savings offers 4.20% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Peak Bank's Envision High Yield Savings pays $405 more interest on a $10,000 balance than Charles Schwab Bank's Schwab Bank Investor Savings™.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Peak Bank offers a significant advantage with its Envision High Yield Savings account, boasting an impressive APY of 4.20%. This online-only product requires a minimum deposit of $100 and has no maintenance fees, making it a strong choice for savers. In comparison, Charles Schwab Bank's Schwab Bank Investor Savings™ provides a much lower APY of 0.15% with no minimum deposit requirement, but it is not an online-only account. While both accounts are FDIC insured and have no direct deposit requirements, Peak Bank clearly stands out for those seeking higher returns.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Charles Schwab Bank and Peak Bank.
| Feature | Charles Schwab Bank | Peak Bank |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 4.20% Verified: 12/10/2025 ↘︎ 0.15%90d Change |
| Product Name | Schwab Bank Investor Savings™ | Envision High Yield Savings |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $0.01 | N/A |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android2.9 | iOS4.8 Android4.6 |
| BBB Rating | A+ | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | Peak Bank |
|---|---|---|
| Schwab Bank Investor Savings™ | Envision High Yield Savings | |
Current APY | 0.15% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -3.8 |
Days Since Change | 295 | 70 |
10-Month High | 0.15% | 4.54% |
10-Month Low | 0.15% | 4.20% |
Adjustments / Mo | 0.00 | 0.40 |
Volatility Score | 0.000 | 0.029 |
How to read these metrics(Click to expand)
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