Peak Bank vs. Santander Bank

High-Yield Savings Account Comparison

By Aviel Fahl|Last Updated: October 21, 2025

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Summary of Peak Bank vs. Santander Bank

Key Metrics at a Glance

FeaturePeak BankSantander Bank
Top Savings APY

4.20%

Envision High Yield Savings

0.01%

Santander Savings

Minimum to Open$100$25
Minimum Balance for Top APY$0

Peak Bank

Strengths

  • Peak Bank offers a high APY of 4.20%, though it decreased from 4.35% last month.
  • Peak Bank has no maintenance fees for its Envision High Yield Savings account.
  • Peak Bank has a strong BBB rating of A+.

Potential Drawbacks

  • Peak Bank has no physical branches available.
  • Peak Bank requires a minimum deposit of $100 to open an account.
  • Peak Bank is not BBB accredited.

Santander Bank

Strengths

  • Santander Bank has physical branches primarily in the Northeast and Miami.
  • Santander Bank requires only a $25 minimum deposit to open an account.
  • Santander Bank offers an online savings account option.

Potential Drawbacks

  • Santander Bank's APY is very low at 0.01%, unchanged from last month.
  • Santander Bank charges a $1 maintenance fee for its savings account.
  • Santander Bank has a Google Play rating of only 4.1.
Summary: Peak Bank's Envision High Yield Savings account offers a significantly higher APY of 4.20% compared to Santander Bank's 0.01%. However, Peak Bank has no branches and requires a higher minimum deposit of $100. In contrast, Santander Bank has physical branches and a lower minimum deposit of $25, but it charges a maintenance fee and has a lower App Store rating. Both banks are not BBB accredited.

→ As of October 21, 2025 Peak Bank offers an APY of 4.20% for its Envision High Yield Savings account, with a minimum balance of , compared to Santander Bank's 0.01% APY for its Santander Savings account, with a minimum balance of $0.

Peak Bank yields $419 more than Santander Bank on a $10,000 balance after one year. Peak Bank pays $420, while Santander Bank pays $1 - an APY advantage for Peak Bank.

Calculate Savings Growth for Peak Bank vs Santander Bank

All calculations are based on APY.

Peak Bank - Envision High Yield Savings

Top APY: 4.20%

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

Effective APY: 4.20% (based on your deposit and contributions)

Total balance: $20,564.3

Earnings: $2,564.3

Bank Overview

Santander Bank - Santander Savings

Top APY: 0.01%

Total savings breakdown:

  • Interest earned: $5.7 (0.03%)
  • Total contributions: $13,000 (72.20%)
  • Initial deposit: $5,000 (27.77%)

Your total balance

$18,005.70

Effective APY: 0.01% (based on your deposit and contributions)

Total balance: $18,005.7

Earnings: $5.7

Bank Overview

With a $5,000 initial deposit and $13,000 in total contributions over 5 years, Peak Bank's total earnings would be $2,558.6 higher than Santander Bank's total earnings.

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Compare Peak Bank's vs Santander Bank's Savings Accounts

Peak BankSantander Bank
ProductEnvision High Yield SavingsvsSantander Savings
APY
4.20% (as of 10/21/2025)0.01% (as of 10/21/2025)
Bundled Account
NoNo
FDIC-insured
YesYes
Online OnlyYesNo
Compound Frequency
DailyDaily
Minimum Deposit$100$25
Minimum Balance for APYN/A$0
Maintenance Fee$0$1
Direct Deposit Required
NoNo
App Store Rating4.8/54.8/5
Google Play Rating4.7/54.1/5
BBB RatingA+Not Rated

Comparative Historical APY Insights (Last 8 Months)

Peak BankSantander Bank
ProductEnvision High Yield SavingsvsSantander Savings
Latest APY4.20 %0.01 %
TrendSidewaysSideways
Slope (bps/mo)-3.1-0.2
Rate Changes / Mo0.480.12
Days Since Last Change2032
High (-8 m)4.54 %0.03 %
Low (-8 m)4.20 %0.01 %
Draw-down from High-7.5 %-66.7 %
Volatility (CV)0.0220.243
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 8 months (regression slope).
Slope (bps/mo)
Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo
Typical number of APY moves per month.
Days Since Last Change
Recency of the latest APY adjustment.
High (-8 m)
Highest APY in the last 250 days.
Low (-8 m)
Lowest APY in the last 250 days.
Draw-down from High
How far today sits below the 8-month peak.
Volatility (CV)
Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
  • See how quickly a bank reacts to Fed moves or competition.
  • Gauge “twitchiness” - frequent moves can annoy savers.
  • Spot if you're buying near a peak (draw-down) or riding a rise.
  • Slope (bps/mo) shows speed of change.
  • Volatility (CV) scales jumps by average level.

More Comparisons

Compare Peak Bank's APY of 4.20% with other banks
Compare Santander Bank's APY of 0.01% with other banks