4.27%
Peak Bank APY today
— vs last check
Checked October 21, 2026
Key stats
| APY | 4.27% (variable; new accounts only) |
| Minimum to open | $100 |
| Minimum to earn APY | $0.01 |
| Monthly fee | $0 — no monthly maintenance fees |
| FDIC insured | Yes, via Idaho First Bank |
| Compounding | See bank’s site |
What your money earns
$10,000 for one year at 4.27% APY would earn about $427. This is an estimate — rates are variable and can change at any time.
Pros
- No monthly maintenance fees
- FDIC insured, backed by Idaho First Bank
- Fully online — manage your account 24/7
Cons
- Advertised APY is for new accounts only
- 4.27% applies under $500,000; 3.40% on $500,000 and above
- $100 minimum balance to open
How to open an account
- Click “Open Account” on peak.bank and choose High-Yield Savings.
- Complete the online application and fund at least $100.
- Start earning — there are no monthly maintenance fees.
Frequently asked questions
Is Peak Bank FDIC insured?
Yes. Peak Bank is a division of Idaho First Bank and is FDIC insured.
Is the APY fixed or variable?
Variable. This is a variable-rate account, and the APY is subject to change at any time without notice, so confirm the current rate on peak.bank before opening an account.