Peak Bank vs. Santander Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Peak Bank
Envision High Yield Savings
4.20%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Peak Bank
Envision High Yield Savings
Santander Bank
Santander Savings
0.01%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Santander Bank
Santander Savings
Comparison Analysis
Comparing Peak Bank vs. Santander Bank
Why Peak Bank?
- ✓Higher potential APY (4.20% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.6 vs 4.0)
Why Santander Bank?
- ✓Physical branch access (Primarily in the Northeast and Miami, Florida)
— Key Feature Differences —
Better Returns at $10,000
Peak BankPeak Bank's Envision High Yield Savings earns more on smaller deposits (approx. $420 vs $1/yr).
Better Returns at $25,000
Peak BankPeak Bank's Envision High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $3/yr).
Best for Simplicity
Peak BankPeak Bank's Envision High Yield Savings offers 4.20% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Peak Bank's Envision High Yield Savings pays $419 more interest on a $10,000 balance than Santander Bank's Santander Savings.
Executive Summary
Peak Bank offers a significant advantage with its Envision High Yield Savings account, providing a competitive APY of 4.20%. This account does not require direct deposit and has a low minimum deposit of $100, making it accessible for many savers. In contrast, Santander Bank's Savings account yields a mere 0.01% APY, which is substantially lower. While Santander's account has a lower minimum deposit of $25, it also incurs a maintenance fee of $1. Overall, Peak Bank's offering is clearly superior for those seeking higher returns on their savings.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
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| Feature | Peak Bank | Santander Bank |
|---|---|---|
| APY | 4.20% Verified: 12/6/2025 ↘︎ 0.15%90d Change | 0.01% Verified: 12/6/2025 ↘︎ 0.02%90d Change |
| Product Name | Envision High Yield Savings | Santander Savings |
| Minimum Deposit | $100 | $25 |
| Min. Balance for APY | N/A | $0 |
| Monthly Fee | $0 | $1 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.6 | iOS4.8 Android4.0 |
| BBB Rating | A+ | Not Rated |
| Next Steps |
Savings Comparison
Peak Bank earns $2,558.6 more than Santander Bank.
Peak Bank
Envision High Yield Savings
Savings Breakdown
- Interest Earned+$2,564.30(12.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,564.30
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Peak Bank | Santander Bank |
|---|---|---|
| Envision High Yield Savings | Santander Savings | |
Current APY | 4.20% | 0.01% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.7 | -0.3 |
Days Since Change | 66 | 78 |
10-Month High | 4.54% | 0.03% |
10-Month Low | 4.20% | 0.01% |
Adjustments / Mo | 0.41 | 0.10 |
Volatility Score | 0.028 | 0.390 |
How to read these metrics(Click to expand)
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