MutualOne Bank vs. Peak Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | MutualOne BankMo Premium Savings Jan 7, 2026 | Peak BankEnvision High Yield Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.07% | 3.99% |
Est. Earnings | $5,000+$0 $10,000+$0 $25,000+$1,018 | $5,000+$200 $10,000+$399 $25,000+$998 |
Min Deposit | $20,000 | $100 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® 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 MutualOne Bank vs. Peak Bank
As of MutualOne Bank offers an APY of 4.07% for its Mo Premium Savings account, with a minimum balance of $20,000, compared to Peak Bank's 3.99% APY for its Envision High Yield Savings account, with a minimum balance of .
MutualOne Bank pays $8 more than Peak Bank on a $10,000 balance after one year. MutualOne Bank pays $407, while Peak Bank pays $399 - an APY advantage for MutualOne Bank.
In addition, MutualOne Bank also offers 0.40% APY for the Online Savings account, with a minimum balance of 0.
Why MutualOne Bank?
- ✓Physical branch access (Full-service banking offices in Framingham, MA, and Natick, MA)
- ✓Fast transfers via Zelle®
Why Peak Bank?
No distinct advantages found vs MutualOne Bank.
— Key Feature Differences —
Better Returns at $10,000
Peak BankPeak Bank's Envision High Yield Savings earns more on smaller deposits (approx. $399 vs $0/yr).
Shared Benefits
Over a 1-year period, MutualOne Bank's Mo Premium Savings pays $8 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
MutualOne Bank offers the Mo Premium Savings account with a competitive APY of 4.07%, requiring a minimum deposit of $20,000. Alternatively, their Online Savings account provides an APY of 0.40% for balances up to $1,000,000.01, with a lower rate of 0.37% thereafter, and a minimum deposit of $5,000. In comparison, Peak Bank's Envision High Yield Savings account yields an APY of 3.99% with a much lower minimum deposit of $100. Both banks have no maintenance fees and do not require direct deposit, but MutualOne Bank's higher APY makes it the preferred option for larger deposits.
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
MutualOne Bank vs. Peak Bank Savings Calculator
You earn $16 more with MutualOne Bank than Peak Bank on a $20,000 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.
MutualOne Bank
Mo Premium Savings
Savings Breakdown
- Interest Earned+$814.00(3.9%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,814.00
Peak Bank
Envision High Yield Savings
Savings Breakdown
- Interest Earned+$798.00(3.8%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,798.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | MutualOne Bank | Peak Bank |
|---|---|---|
| APY | 4.07% Verified: 1/7/2026 Stable (90d) | 3.99% Verified: 1/7/2026 ↘︎ 0.21%90d Change |
| Product Name | Mo Premium Savings | Envision High Yield Savings |
| Minimum Deposit | $20,000 | $100 |
| Min. Balance for APY | $20,000 | 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 | iOS4.9 Android4.4 | iOS4.8 Android4.6 |
| Zelle® Support | Available Verified via website and app descriptions. | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at MutualOne 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 | MutualOne Bank | Peak Bank | |
|---|---|---|---|
| Online Savings | Mo Premium Savings | Envision High Yield Savings | |
Current APY | 0.40% | 4.07% | 3.99% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -0.0 | -5.2 |
Days Since Change | 114 | 114 | 6 |
4-Month High | 0.40% | 4.07% | 4.35% |
4-Month Low | 0.40% | 4.07% | 3.99% |
Adjustments / Mo | 0.00 | 0.00 | 1.03 |
Volatility Score | 0.000 | 0.000 | 0.019 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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