Building Trust with Peak Bank: Your Money is Safe, Secure, and Protected

At Peak Bank, we understand that trust is the foundation of any successful financial relationship. As a new brand under the established Idaho First Bank, we are committed to earning your trust by offering competitive financial products, like high-yield savings accounts and market-leading certificates of deposit (CDs), while ensuring that your money is safe and secure. In this blog, we’ll explain how we protect your deposits and the steps we take to ensure your financial security.
 

A Legacy of Trust: Backed by Idaho First Bank

Peak Bank may be new, but we stand on the strong foundation built by Idaho First Bank, a trusted name in the banking industry. With years of experience and a commitment to excellence, Idaho First Bank has established a reputation for providing reliable and secure banking services. By leveraging this legacy, Peak Bank offers the same high standards of security and customer service, now paired with innovative and competitive financial products designed to meet your needs.
 

Your Money is Protected: FDIC Insurance Coverage

One of the most important aspects of financial security is knowing that your deposits are protected. That’s why we’re proud to be a member of the Federal Deposit Insurance Corporation (FDIC). This means that when you deposit money with Peak Bank, your funds are insured up to the maximum limits allowed by law.

Here’s how FDIC insurance works:

• Coverage Limits: The FDIC insures deposits up to $250,000 per depositor, per insured bank, for each account ownership category. This means that if you have multiple accounts at Peak Bank, each account could be insured separately, offering significant protection for your funds.
• Covered Accounts: The FDIC covers all types of deposit accounts that we offer, including savings accounts and CDs. This ensures that no matter where you choose to keep your money at Peak Bank, it is safeguarded.
• What’s Protected: In the unlikely event that anything happens to Peak Bank, the FDIC steps in to protect your money. You won’t lose a penny of your insured deposits, providing you with peace of mind and financial security.
   

Secure and Transparent Banking Practices

At Peak Bank, we don’t just rely on FDIC insurance to protect your money. We also implement industry-leading security measures to safeguard your personal and financial information. Here’s what you can expect when you bank with us:

• Advanced Encryption: We use state-of-the-art encryption technology to protect your data, ensuring that your information is secure whether you’re banking online, via our mobile app, or in person.
• Fraud Monitoring: Our fraud monitoring systems help detect and prevent unauthorized transactions on your accounts. If we notice any suspicious activity, we’ll notify you immediately and take steps to protect your funds.
• Transparency: We believe in clear and open communication. You’ll always know what’s happening with your money, and our customer service team is here to answer any questions you may have.
   

Competitive Rates with a Commitment to Security

We know that your financial goals are important, and we want to help you achieve them. That’s why we offer market-leading APYs on our high-yield savings accounts and CDs. But while we’re focused on helping you grow your wealth, we never compromise on security.

When you choose Peak Bank, you’re not just getting great rates—you’re also getting the peace of mind that comes with knowing your money is protected by FDIC insurance and our stringent security measures.
 

Building a Relationship of Trust

At Peak Bank, we’re more than just a place to keep your money. We’re your financial partner, dedicated to helping you reach your goals with confidence. As a new brand under Idaho First Bank, we’re committed to upholding the same values of trust, security, and customer service that have made Idaho First Bank a trusted name in the industry.

We invite you to experience the Peak Bank difference for yourself. Open an account today and take the first step towards a brighter financial future, knowing that your money is in safe hands.

If you have any questions about FDIC insurance, our security practices, or our financial products, please don’t hesitate to reach out. We’re here to help you every step of the way.