Ivy Bank vs. Peak Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Ivy Bank vs. Peak Bank
Key Metrics at a Glance
| Feature | Ivy Bank | Peak Bank |
|---|---|---|
| Top Savings APY | 4.25% High-Yield Savings Account | 4.20% Envision High Yield Savings |
| Minimum to Open | $2,500 | $100 |
| Minimum Balance for Top APY | $2,500 |
Ivy Bank
Strengths
- Ivy Bank offers a higher APY of 4.25% compared to Peak Bank's 4.20%.
- Ivy Bank has no minimum balance requirement for its High-Yield Savings Account.
- Ivy Bank's App Store rating is 4.7, slightly lower than Peak Bank's.
Potential Drawbacks
- Ivy Bank's High-Yield Savings Account requires a minimum deposit of $2,500.
- Ivy Bank has a lower Google Play rating of 3.5 compared to Peak Bank's 4.6.
- Ivy Bank is rated A- by the BBB, lower than Peak Bank's A+ rating.
Peak Bank
Strengths
- Peak Bank's High Yield Savings has a lower minimum deposit of $100.
- Peak Bank has a higher Google Play rating of 4.6 compared to Ivy Bank's 3.5.
- Peak Bank is rated A+ by the BBB, indicating higher trustworthiness.
Potential Drawbacks
- Peak Bank's current APY is 4.20%, slightly lower than Ivy Bank's 4.25%.
- Peak Bank requires no minimum balance but has no APY increase over the past 30 days.
- Peak Bank's App Store rating is 4.8, slightly higher than Ivy Bank's.
→ As of November 12, 2025 Ivy Bank offers an APY of 4.25% for its High-Yield Savings Account, with a minimum balance of $2,500, compared to Peak Bank's 4.20% APY for its Envision High Yield Savings account, with a minimum balance of .
→ Ivy Bank yields $5 more than Peak Bank on a $10,000 balance after one year. Ivy Bank pays $425, while Peak Bank pays $420 - an APY advantage for Ivy Bank.
Calculate Savings Growth for Ivy Bank vs Peak Bank
Ivy Bank - High-Yield Savings Account
Total savings breakdown:
- Interest earned: $2,596.8 (12.61%)
- Total contributions: $13,000 (63.12%)
- Initial deposit: $5,000 (24.28%)
Your total balance
$20,596.80
Total balance: $20,596.8
Earnings: $2,596.8
Bank OverviewPeak Bank - Envision High Yield Savings
Total savings breakdown:
- Interest earned: $2,564.3 (12.47%)
- Total contributions: $13,000 (63.22%)
- Initial deposit: $5,000 (24.31%)
Your total balance
$20,564.30
Total balance: $20,564.3
Earnings: $2,564.3
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Ivy Bank's total earnings would be $32.5 higher than Peak Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Ivy Bank's vs Peak Bank's Savings Accounts
| Ivy Bank | Peak Bank | ||
|---|---|---|---|
| Product | High-Yield Savings Account | vs | Envision High Yield Savings |
| APY | 0.05% - 4.25% (as of 11/12/2025) | 4.20% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $2,500 | $100 | |
| Minimum Balance for APY | $2,500 | N/A | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Eligibility | Residents of California and U.S. Territories (except District of Columbia) are ineligible to apply. | United States | |
| App Store Rating | 4.7/5 | 4.8/5 | |
| Google Play Rating | 3.5/5 | 4.6/5 | |
| BBB Rating | A- | A+ |
No historical data available.