Peak Bank vs. Wealthfront
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Peak BankEnvision High Yield Savings Jan 7, 2026 | WealthfrontCash Account Jan 7, 2026 |
|---|---|---|
| APY | 3.99% | 3.25% - 3.90% |
Est. Earnings | $5,000+$200 $10,000+$399 $25,000+$998 | $5,000+$171 $10,000+$341 $25,000+$853 |
Min Deposit | $100 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | 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 3.90% for 3 months, after which the 3.25% APY applies. See terms at Wealthfront. |
| 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 4.21% APY.
Comparison Analysis
Comparing Peak Bank vs. Wealthfront
As of Peak Bank offers an APY of 3.99% for its Envision High Yield Savings account, with a minimum balance of , compared to Wealthfront's 3.90% APY for its Cash Account, with a minimum balance of $0.
Peak Bank pays $58 more than Wealthfront on a $10,000 balance after one year. Peak Bank pays $399, while Wealthfront pays $341 (with an effective APY of 3.41%) - an APY advantage for Peak Bank.
Why Peak Bank?
No distinct advantages found vs Wealthfront.
Why Wealthfront?
- ✓Higher rated Android app (4.9 vs 4.6)
— Key Feature Differences —
Better Returns at $10,000
Peak BankPeak Bank's Envision High Yield Savings earns more on smaller deposits (approx. $399 vs $341/yr).
Better Returns at $25,000
Peak BankPeak Bank's Envision High Yield Savings pulls ahead with larger amounts (approx. $998 vs $853/yr).
Shared Benefits
Over a 1-year period, Peak Bank's Envision High Yield Savings pays $58 more interest on a $10,000 balance than Wealthfront's Cash Account.
*This comparison accounts for Wealthfront's introductory promotional rate, yet Peak Bank's standard rate still yields a higher 1-year return.
Executive Summary as of
Peak Bank offers the Envision High Yield Savings account with a competitive APY of 3.99%, making it the superior choice for savers looking for higher returns. This account requires a minimum deposit of $100 and has no maintenance fees, with interest compounded daily. In contrast, Wealthfront's Cash Account provides an initial APY of 3.90% for new clients for three months, after which it drops to 3.25%. Wealthfront has no minimum deposit or balance requirements, but it is important to note that it is not a bank, although it is FDIC-insured through partner banks. Both accounts are online-only.
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. Wealthfront Savings Calculator
You earn $56.5 more with Peak Bank than Wealthfront 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
Wealthfront
Cash Account
Promo Rate: 3.90% for 3 months, then 3.25%.
Savings Breakdown
- Interest Earned+$342.50(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,342.50
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Peak Bank | Wealthfront |
|---|---|---|
| APY | 3.99% Verified: 1/7/2026 ↘︎ 0.21%90d Change | 3.90% Range: 3.25% - 3.90% Verified: 1/7/2026 - |
| Product Name | Envision High Yield Savings | Cash Account |
| 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 Android4.9 |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | F |
| Important Notes | - | 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 3.90% for 3 months, after which the 3.25% APY applies. See terms at Wealthfront. |
| Next Steps | Visit SiteVerify at Peak Bank Non-sponsored link to official site | Visit SiteVerify at Wealthfront Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Peak Bank | Wealthfront |
|---|---|---|
| Envision High Yield Savings | Cash Account | |
Current APY | 3.99% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -9.0 | -18.8 |
Days Since Change | 6 | 19 |
2-Month High | 4.20% | 4.15% |
2-Month Low | 3.99% | 3.90% |
Adjustments / Mo | 1.61 | 0.54 |
Volatility Score | 0.019 | 0.030 |
How to read these metrics(Click to expand)
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