Peak Bank vs. Synchrony 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
Synchrony Bank
High Yield Savings
3.65%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Synchrony Bank
High Yield Savings
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Peak Bank vs. Synchrony Bank
Why Peak Bank?
- ✓Higher potential APY (4.20% 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. $420 vs $365/yr).
Better Returns at $25,000
Peak BankPeak Bank's Envision High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $913/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 $55 more interest on a $10,000 balance than Synchrony Bank's High Yield Savings.
Executive Summary
Peak Bank offers the Envision High Yield Savings account with a competitive APY of 4.20%, making it the clear winner compared to Synchrony Bank's High Yield Savings account, which has an APY of 3.65%. Both accounts are online-only and require no maintenance fees, but Peak Bank's product stands out for its higher yield and lack of direct deposit requirements. Additionally, there are no caps on earnings, providing simplicity for savers. For those looking for a straightforward savings option, Peak Bank's account is particularly advantageous.
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.
Top Market Contenders
See who beats both Peak Bank and Synchrony Bank.
| Feature | Peak Bank | Synchrony Bank |
|---|---|---|
| APY | 4.20% Verified: 12/6/2025 ↘︎ 0.15%90d Change | 3.65% Verified: 12/6/2025 ↘︎ 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 |
| BBB Rating | A+ | Not Rated |
| Next Steps |
Savings Comparison
Peak Bank earns $354.6 more than Synchrony 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
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$2,209.70(10.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,209.70
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 | Synchrony Bank |
|---|---|---|
| Envision High Yield Savings | High Yield Savings | |
Current APY | 4.20% | 3.65% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.7 | -3.3 |
Days Since Change | 66 | 18 |
10-Month High | 4.54% | 4.00% |
10-Month Low | 4.20% | 3.65% |
Adjustments / Mo | 0.41 | 0.20 |
Volatility Score | 0.028 | 0.029 |
How to read these metrics(Click to expand)
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