Ivy Bank vs. Peak Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Ivy BankHigh-Yield Savings Account Jan 7, 2026 | Peak BankEnvision High Yield Savings Jan 7, 2026 |
|---|---|---|
| APY | 0.05% - 4.10% | 3.99% |
Est. Earnings | $5,000+$205 $10,000+$410 $25,000+$1,025 | $5,000+$200 $10,000+$399 $25,000+$998 |
Min Deposit | $2,500 | $100 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredMod. MinimumGreat iOS App | 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.
As of Ivy Bank offers an APY of 4.10% for its High-Yield Savings Account, with a minimum balance of $2,500, compared to Peak Bank's 3.99% APY for its Envision High Yield Savings account, with a minimum balance of .
Ivy Bank pays $11 more than Peak Bank on a $10,000 balance after one year. Ivy Bank pays $410, while Peak Bank pays $399 - an APY advantage for Ivy Bank.
Why Ivy Bank?
- ✓Higher potential APY (4.10% vs 3.99%) on all balances
Why Peak Bank?
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.6 vs 3.5)
- ✓Available Nationwide
— Key Feature Differences —
Better Returns at $10,000
Ivy BankIvy Bank's High-Yield Savings Account earns more on smaller deposits (approx. $410 vs $399/yr).
Better Returns at $25,000
Ivy BankIvy Bank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1025 vs $998/yr).
Best for Simplicity
Peak BankPeak Bank's Envision High Yield Savings offers 3.99% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Ivy Bank's High-Yield Savings Account pays $11 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
Ivy Bank's High-Yield Savings Account offers a competitive APY of 4.10%, making it the winner in this comparison. This account requires a minimum deposit of $2,500 and is available online only, with eligibility restricted to residents of California and U.S. Territories (excluding the District of Columbia). In contrast, Peak Bank's Envision High Yield Savings account provides a slightly lower APY of 3.99% with a much lower minimum deposit of $100, also online only. Both accounts have no maintenance fees and compound interest daily, but Ivy Bank's higher yield makes it the more attractive option for savers looking to maximize their returns.
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
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Top Market Contenders
Ivy Bank vs. Peak Bank Savings Calculator
You earn $11 more with Ivy 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.
Ivy Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$410.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,410.00
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 | Ivy Bank | Peak Bank |
|---|---|---|
| APY | 4.10% Range: 0.05% - 4.10% Verified: 1/7/2026 - | 3.99% Verified: 1/7/2026 ↘︎ 0.21%90d Change |
| Product Name | High-Yield Savings Account | Envision High Yield Savings |
| Minimum Deposit | $2,500 | $100 |
| Min. Balance for APY | $2,500 | 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 Android3.5 | iOS4.8 Android4.6 |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A- | A+ |
| Next Steps | Visit SiteVerify at Ivy 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 | Ivy Bank | Peak Bank |
|---|---|---|
| High-Yield Savings Account | Envision High Yield Savings | |
Current APY | 4.10% | 3.99% |
Trend | Stable | Stable |
Velocity (bps/mo) | -11.9 | -9.3 |
Days Since Change | 22 | 6 |
2-Month High | 4.25% | 4.20% |
2-Month Low | 4.10% | 3.99% |
Adjustments / Mo | 0.55 | 1.64 |
Volatility Score | 0.018 | 0.019 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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