Chase Bank vs. Peak Bank
Comparing Chase Bank and Peak Bank for savings: Chase Bank's Chase Savings℠ pays 0.01% APY while Peak Bank's Envision High Yield Savings pays 4.02% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Peak Bank pays $401 more than Chase Bank annually ($402 vs $1).
Choose Chase Bank if you value in-person banking, or you want Zelle for quick transfers. Choose Peak Bank if getting the best rate matters most.
| Metric | Chase BankChase Savings℠ Mar 7, 2026 | Peak BankEnvision High Yield Savings Mar 7, 2026 |
|---|---|---|
| APY | 0.01% | 4.02% |
Est. Earnings | $5,000+$1 $10,000+$1 $25,000+$3 | $5,000+$201 $10,000+$402 $25,000+$1,005 |
Min Deposit | $0 | $100 |
Snapshot view. Rates subject to change. | ||
Terms | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. | - |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedStable Rate | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing Chase Bank vs. Peak Bank
Executive Summary
Peak Bank offers the Envision High Yield Savings account with a competitive APY of 4.02%, significantly higher than Chase Bank's Chase Savings℠, which yields only 0.01%. The Envision account requires a minimum deposit of $100 and has no maintenance fees, while Chase's account has a $5 maintenance fee that can be waived under certain conditions. Additionally, Peak Bank's product is online-only, making it a simpler option with no direct deposit requirements or caps on earnings. Overall, Peak Bank's offering provides a much better return on savings.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Chase Bank?
- ✓Physical branch access (Chase has more than 5,000 branches in nearly all of the United States, but not in Alaska and Hawaii.)
- ✓Fast transfers via Zelle® (up to $2,000 a day)
Why Peak Bank?
- ✓Higher potential APY (4.02% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
Peak BankPeak Bank's Envision High Yield Savings earns more on smaller deposits (approx. $402 vs $1/yr).
Better Returns at $25,000
Peak BankPeak Bank's Envision High Yield Savings pulls ahead with larger amounts (approx. $1005 vs $3/yr).
Best for Simplicity
Peak BankPeak Bank's Envision High Yield Savings offers 4.02% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Peak Bank's Envision High Yield Savings pays $401 more interest on a $10,000 balance than Chase Bank's Chase Savings℠.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Chase Bank vs. Peak Bank Savings Calculator
You earn $401 more with Peak Bank than Chase 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.
Chase Bank
Chase Savings℠
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
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.
| Feature | Chase Bank | Peak Bank |
|---|---|---|
| APY | 0.01% Verified: 3/7/2026 Stable (90d) | 4.02% Verified: 3/7/2026 ↘︎ 0.18%90d Change |
| Product Name | Chase Savings℠ | Envision High Yield Savings |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $0 | N/A |
| Monthly Fee | $5 | $0 |
| Compound Frequency | Monthly | Daily |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Physical Branches | Chase has more than 5,000 branches in nearly all of the United States, but not in Alaska and Hawaii. | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Limit: $2,000/dayBranded as Chase QuickPay; dynamic limits up to $10k. | Not Supported |
| BBB Rating | A- | A+ |
| Important Notes | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. | - |
| Next Steps | Visit SiteVerify at Chase 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 | Chase Bank | Peak Bank |
|---|---|---|
| Chase Savings℠ | Envision High Yield Savings | |
Current APY | 0.01% | 4.02% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -5.0 |
Days Since Change | 365 | 34 |
12-Month High | 0.01% | 4.54% |
12-Month Low | 0.01% | 3.99% |
Adjustments / Mo | 0.00 | 0.58 |
Volatility Score | 0.000 | 0.043 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Chase Bank's APY of 0.01% 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 Axos Bank | 4.21% | $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 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 |