Flexible high-yield savings accounts with great rates

Envision High Yield Savings

Welcome to the pinnacle of savings innovation - where your financial growth is our foremost mission with our Envision Savings account.

Up to 4.54% APY* for new accounts
Earn a rate that is well above the national average
Backed by the financial strength of Idaho First Bank
No monthly maintenance fees
Minimum Balance to Open: $100

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Advertised annual percentage yield (APY) is for new accounts only, may not apply to existing accounts, and is accurate as of March 1, 2025. APY tiers apply to the following balances.

4.54% APY on balances of $.01 - $9,999.99
4.54% APY on balances of $10,000 - $24,999.99
4.54% APY on balances of $25,000 - $49,999.99
4.54% APY on balances of $50,000 - $249,999.99
4.54% APY on balances of $250,000 - $9,999,999.99
2.02% APY $10,000,000 and above

This is a variable-rate account, and APY is subject to change at any time without notice. Minimum amount to open is $100, with opening funds subject to a 5-business day holding period at discretion of Peak Bank. Fees may reduce earnings on account.

Envision Savings

With flexibility at its core, this account allows you to access your funds effortlessly without derailing your savings journey.

Industry-Leading Rates: Secure competitive interest rates that promise more growth for every dollar saved.
Ease of Access: Fluidity meets finance. Get to your funds when you need them, without worrying about losing out on returns.
Peak Security: With Peak Bank, your savings are not just growing; they're guarded.
Transparent Banking: Say goodbye to unexpected fees. With Envision Savings, what you see is what you grow.

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Why Choose Peak Bank for Your High Yield Savings?

Competitive Advantage: Our accounts are designed to offer more than just a place to store your money.
Unwavering Security: Trust in our commitment to keep your savings safe, allowing you to focus on what's next on your horizon.
Customer-Centric Approach: Your journey is unique. That's why our team is dedicated to providing personalized support, ensuring your banking experience is as rewarding as your returns.
Simplicity and Clarity: In a world cluttered with complexity, we promise a straightforward and transparent banking experience.

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High Yield Savings Account FAQs

What is a High Yield Savings Account (HYS)?

A high-yield savings account is a type of savings account that offers a higher interest rate than traditional savings accounts, helping you earn more on your deposited funds.

Is there a minimum deposit required to open a Peak Bank high-yield savings account?

Yes, you must deposit at least $100 to open the account. If you do not fund your account within 90 days of account opening, your account will automatically close.

Is there a monthly maintenance fee if I do not maintain a certain balance?

No, there is no minimum balance requirement or monthly maintenance fee on Peak Bank’s Envision High-Yield Savings account.

Will my interest rate change over time?

The interest rate on your high-yield savings account may change over time. We may adjust rates based on market conditions and other factors.

How can I access my money?

You can access your funds through online or mobile banking. Refer to our Online and Mobile Banking FAQs for more details.

Do high-yield savings accounts come with a debit card?

Peak Bank does not offer debit cards for high-yield savings accounts.

Can I set up direct deposit to my high-yield savings account?

Yes, you can set up direct deposit from your employer or other income sources.

Will I receive statements for my high-yield savings account?

Yes, you will receive monthly statements for your high-yield savings account. Refer to our online and mobile banking FAQs for eStatement enrollment details.