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
Feature | Peak Bank | Santander 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.
→ 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
Peak 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 OverviewSantander Bank - Santander Savings
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
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewWith 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 Bank | Santander Bank | ||
---|---|---|---|
Product | Envision High Yield Savings | vs | Santander Savings |
APY | 4.20% (as of 10/21/2025) | 0.01% (as of 10/21/2025) | |
Bundled Account | No | No | |
FDIC-insured | Yes | Yes | |
Online Only | Yes | No | |
Compound Frequency | Daily | Daily | |
Minimum Deposit | $100 | $25 | |
Minimum Balance for APY | N/A | $0 | |
Maintenance Fee | $0 | $1 | |
Direct Deposit Required | No | No | |
App Store Rating | 4.8/5 | 4.8/5 | |
Google Play Rating | 4.7/5 | 4.1/5 | |
BBB Rating | A+ | Not Rated |
Comparative Historical APY Insights (Last 8 Months)
Peak Bank | Santander Bank | ||
---|---|---|---|
Product | Envision High Yield Savings | vs | Santander Savings |
Latest APY | 4.20 % | 0.01 % | |
Trend | Sideways | Sideways | |
Slope (bps/mo) | -3.1 | -0.2 | |
Rate Changes / Mo | 0.48 | 0.12 | |
Days Since Last Change | 20 | 32 | |
High (-8 m) | 4.54 % | 0.03 % | |
Low (-8 m) | 4.20 % | 0.01 % | |
Draw-down from High | -7.5 % | -66.7 % | |
Volatility (CV) | 0.022 | 0.243 |
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.