Peak Bank vs. Synchrony Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Peak BankEnvision High Yield Savings Jan 21, 2026 | Synchrony BankHigh Yield Savings Jan 21, 2026 |
|---|---|---|
| APY | 3.99% | 3.65% |
Est. Earnings | $5,000+$200 $10,000+$399 $25,000+$998 | $5,000+$183 $10,000+$365 $25,000+$912 |
Min Deposit | $100 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android App | FDIC InsuredNo 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 4.20% APY.
Comparison Analysis
Comparing Peak Bank vs. Synchrony Bank
As of Peak Bank offers an APY of 3.99% for its Envision High Yield Savings account, with a minimum balance of , compared to Synchrony Bank's 3.65% APY for its High Yield Savings account, with a minimum balance of $0.
Peak Bank pays $34 more than Synchrony Bank on a $10,000 balance after one year. Peak Bank pays $399, while Synchrony Bank pays $365 - an APY advantage for Peak Bank.
Why Peak Bank?
- ✓Higher potential APY (3.99% vs 3.65%) on all balances
Why Synchrony Bank?
No distinct advantages found vs Peak 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 $365/yr).
Better Returns at $25,000
Peak BankPeak Bank's Envision High Yield Savings pulls ahead with larger amounts (approx. $998 vs $912/yr).
Best for Simplicity
Peak BankPeak Bank's Envision High Yield Savings offers 3.99% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Peak Bank's Envision High Yield Savings pays $34 more interest on a $10,000 balance than Synchrony Bank's High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Peak Bank offers a competitive Envision High Yield Savings account with an APY of 3.99%, which stands out as the highest among the compared banks. This account requires a minimum deposit of $100, has no maintenance fees, and does not mandate direct deposit, making it a straightforward option for savers. In contrast, Synchrony Bank's High Yield Savings account provides a lower APY of 3.65% with no minimum deposit or balance requirements. Both accounts are online-only and FDIC insured, but Peak Bank's offering is notably superior in terms of interest earnings.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Peak Bank vs. Synchrony Bank Savings Calculator
You earn $34 more with Peak Bank than Synchrony Bank on a $10,000 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.
Peak Bank
Envision High Yield Savings
Savings Breakdown
- Interest Earned+$399.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,399.00
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$365.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,365.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Peak Bank | Synchrony Bank |
|---|---|---|
| APY | 3.99% Verified: 1/21/2026 ↘︎ 0.21%90d Change | 3.65% Verified: 1/21/2026 ↘︎ 0.15%90d Change |
| Product Name | Envision High Yield Savings | High Yield Savings |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | N/A | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.6 | iOS4.8 Android4.5 |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | Not Rated |
| Next Steps | Visit SiteVerify at Peak Bank Non-sponsored link to official site | Visit SiteVerify at Synchrony Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Peak Bank | Synchrony Bank |
|---|---|---|
| Envision High Yield Savings | High Yield Savings | |
Current APY | 3.99% | 3.65% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.3 | -3.5 |
Days Since Change | 20 | 64 |
11-Month High | 4.54% | 4.00% |
11-Month Low | 3.99% | 3.65% |
Adjustments / Mo | 0.62 | 0.18 |
Volatility Score | 0.037 | 0.034 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Peak Bank vs...
Comparing against Standard Savings
Compare Synchrony Bank vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.