Openbank vs. Peak Bank
Openbank's High-Yield Savings Account pays 3.80% APY while Peak Bank's Envision High Yield Savings pays 4.01% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Peak Bank pays $21 more than Openbank annually ($401 vs $380).
Choose Peak Bank if getting the best rate matters most.
| Metric | OpenbankHigh-Yield Savings Account Sep 11, 2026 | Peak BankEnvision High Yield Savings Sep 11, 2026 |
|---|---|---|
| APY | 3.80% | 3.14% - 4.01% |
Earns in a year | $5,000+$190 $10,000+$380 $25,000+$950 | $5,000+$200 $10,000+$401 $25,000+$1,002 |
Min. Deposit | $500 | $100 |
Snapshot view. Rates subject to change. | ||
Terms | - | The advertised APY is for new accounts only. There is a limit of one Envision High Yield Savings account per customer. Opening funds are subject to a five business day hold. |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppStable Rate | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these institutions are online-only. If you need in-branch access, check out our list of savings accounts with brick-and-mortar locations.
Executive Summary
Peak Bank's Envision High Yield Savings account offers a competitive APY of 4.01%, making it the winner in this comparison. This account has no direct deposit requirement and is available online only, with a minimum deposit of $10,000. In contrast, Openbank's High-Yield Savings Account provides a solid APY of 3.80% with no maintenance fees or direct deposit requirements, but it requires a minimum deposit of $50,000. Both accounts are FDIC insured and available nationally. Peak Bank's account is particularly advantageous for customers looking to maximize returns on smaller deposits.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Openbank?
- No checking account or direct deposit required
Why Peak Bank?
- Higher potential APY (4.01% vs 3.80%) on all balances
Key Feature Differences
Better Returns at $10,000
Peak BankPeak Bank's Envision High Yield Savings earns more on smaller deposits (approx. $401 vs $380/yr).
Better Returns at $25,000
Peak BankPeak Bank's Envision High Yield Savings pulls ahead with larger amounts (approx. $1002 vs $950/yr).
Better for Simplicity
OpenbankOpenbank's High-Yield Savings Account offers 3.80% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Peak Bank's Envision High Yield Savings pays $21 more interest on a $10,000 balance than Openbank's High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Openbank vs. Peak Bank Savings Calculator
You earn $21 more with Peak Bank than Openbank 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.
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$380.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,380.00
Peak Bank
Envision High Yield Savings
Savings Breakdown
- Interest Earned+$401.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,401.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $375 a year in interest.
Both Openbank and Peak Bank advertise far more than that typical branch-bank rate.
| Feature | Openbank | Peak Bank |
|---|---|---|
| APY | 3.80% Observed: 9/11/2026 Stable over 90 days | 4.01% Range: 3.14% - 4.01% Observed: 9/11/2026 Stable over 90 days |
| Product Name | High-Yield Savings Account | Envision High Yield Savings |
| Minimum Deposit | $500 | $100 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Monthly | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | Not reported | Not reported |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | Not Rated | A+ |
| Important Notes | - | The advertised APY is for new accounts only. There is a limit of one Envision High Yield Savings account per customer. Opening funds are subject to a five business day hold. |
| Next Steps | Visit SiteVerify at Openbank Non-sponsored link to official site | Visit SiteVerify at Peak Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Openbank | Peak Bank |
|---|---|---|
| High-Yield Savings Account | Envision High Yield Savings | |
Current APY | 3.80% | 4.01% |
Trend | Stable | Stable |
Speed of change | -0.02 | -0.04 |
Days Since Change | 100 | 100 |
12-Month High | 4.20% | 4.35% |
12-Month Low | 3.80% | 3.82% |
Changes per month | 0.25 | 0.58 |
Steadiness | 0.013 | 0.027 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 364-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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More Comparisons
Compare Openbank's APY of 3.80% with other banks
Compare Peak Bank's APY of 4.01% with other banks
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| Peak Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
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