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High-yield savings for long-term growth.
Peak Bank is the online division of Idaho First Bank.
Peak Banks mission is to empower customers to reach their financial summit.
Current Peak Bank High-Yield Savings Rates
The APY for ahigh-yield savings accountoffersAPY.
This APY applies only to new customers opening a high-yield savings account.
The minimum deposit is $100.
These annual percentage yields only apply to new customers.
Peak Bank High-Yield Savings Account
Start Banking
Min.
The minimum deposit is $100 and there is no monthly maintenance fee.
There are very few high-yield savings accounts that offer such a high APY.
Peak Banks high-yield savings accounts offer the APYs available only to new accounts.
You will likely be asked to provide some form of government ID, either a state-issued license or passport.
To fire up the account you need at least $100.
You should hear about your utility within two business days after applying.
Peak Banks high-yield savings is best for those seeking an online option to grow their money.
Peak Bank vs.
Competitors
How does Peak Bank fare against its competitors?
Heres a look:
Ally Bank vs.
Peak Bank
Ally Bankoffers a $0 minimum deposit high-yield savings account with no monthly maintenance fees.
Like Peak Bank, the high-yield savings account is only available online.
However, the APY is, which is lower than what Peak Bank offers.
BMO Alto vs.
Peak Bank
Like Peak Bank,BMO Altoshigh-yield savings is accessible online only.
Bank of America vs.
Peak Bank
Bank of Americahas a $100 minimum deposit and charges an $8 monthly maintenance fee.
The APY ofis substantially lower compared to Peak Banks APY of up to.
All other information on accounts is accurate as of Feb. 3, 2025.
