Peak Bank vs. Wealthfront
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Peak Bank vs. Wealthfront
Key Metrics at a Glance
| Feature | Peak Bank | Wealthfront |
|---|---|---|
| Top Savings APY | 4.20% Envision High Yield Savings | 4.15% Cash Account |
| Minimum to Open | $100 | $0 |
| Minimum Balance for Top APY | $0 | |
| Note | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. |
Peak Bank
Strengths
- Peak Bank offers a higher APY of 4.20% compared to Wealthfront's 4.15%.
- Peak Bank has an A+ BBB rating, indicating better trustworthiness than Wealthfront's F rating.
- Peak Bank has no maintenance fees, making it cost-effective for savers.
Potential Drawbacks
- Peak Bank has no physical branches, limiting in-person banking options.
- Peak Bank's APY has not changed in the last 30 days, indicating stability but no growth.
Wealthfront
Strengths
- Wealthfront has a higher Google Play rating of 4.9 compared to Peak Bank's 4.6.
- Wealthfront requires no minimum deposit or balance, providing flexibility for new savers.
Potential Drawbacks
- Wealthfront's APY drops to 3.50% after three months, which may deter long-term savers.
- Wealthfront has an F BBB rating, suggesting significant trust issues compared to Peak Bank.
→ As of November 12, 2025 Peak Bank offers an APY of 4.20% for its Envision High Yield Savings account, with a minimum balance of , compared to Wealthfront's 4.15% APY for its Cash Account, with a minimum balance of $0.
→ Peak Bank yields $5 more than Wealthfront on a $10,000 balance after one year. Peak Bank pays $420, while Wealthfront pays $415 - an APY advantage for Peak Bank.
Calculate Savings Growth for Peak Bank vs Wealthfront
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 OverviewWealthfront - Cash Account
Total savings breakdown:
- Interest earned: $2,531.8 (12.33%)
- Total contributions: $13,000 (63.32%)
- Initial deposit: $5,000 (24.35%)
Your total balance
$20,531.80
Total balance: $20,531.8
Earnings: $2,531.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Peak Bank's total earnings would be $32.5 higher than Wealthfront's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Peak Bank's vs Wealthfront's Savings Accounts
| Peak Bank | Wealthfront | ||
|---|---|---|---|
| Product | Envision High Yield Savings | vs | Cash Account |
| APY | 4.20% (as of 11/12/2025) | 3.50% - 4.15% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $100 | $0 | |
| Minimum Balance for APY | N/A | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Note | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. | ||
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.6/5 | 4.9/5 | |
| BBB Rating | A+ | F |
No historical data available.