Written by Melanie Pincus | Edited by Ali Cybulski | Published on 06/04/2025
Peak Bank is an online-only division of Idaho First Bank, a traditional bank based in McCall, Idaho. Idaho First Bank was founded in 2005 and serves customers in Idaho and central Oregon, though Peak Bank operates nationwide.
As a digital-only organization, Peak Bank doesn’t have branch locations. The bank doesn’t advertise ATM access on its website, and its products don’t require it. Peak Bank only offers consumer accounts, not business accounts.
Customer service: Contact Peak Bank at 866-484-5705 from 9 a.m. to 5 p.m. Mountain time Monday through Friday. The bank also offers support by email at [email protected].
Idaho First Bank has an A+ rating from the Better Business Bureau. Trustpilot doesn’t have many Peak Bank reviews at this time.
Peak Bank customers can use the Idaho First Bank app for mobile banking, which is highly rated in the Apple and Google app stores.
Pros and cons of Peak BankI too was confused by "customer" and "account," but after reading a post here from Customer Service that a Peak Bank account holder may open another account that offers a higher APY. I did that with no problem, and a few days later transferred the majority of funds from my existing saving account to the new account now earning a higher rate. No bumps in the road along the way.
I just opened an account, and they took the initial deposit from my local credit union. Now I'm waiting for the trial deposits to confirm there is a connection. I don't know why, since they show my deposit and the credit union shows it IS gone.
Their online application requires an initial funding transfer, which can only be done thru Plaid. There is no option to use the traditional account number/routing number method where they send you test transactions and you verify the amounts. Instead, they force you to log into your external bank account and grant a third party company, Plaid, full access to all your banking data, including full statements, balances, transactions, cancelled checks etc. It's a security nightmare. Imagine if Plaid were to get hacked! I won't spend any more time talking about why this is a terrible idea, because there is already plenty of good info online about this. Anyway, I called the bank and asked if I could bypass Plaid and fund my new account another way, but they said they were not allowed to do that. So I had no option but to cancel my application. I give them points for answering the phone promptly, but that's the only good thing I can say about them. Hard to respect a bank that doesn't respect my data.
The APY IS NOT 4.75%. This bank will lure you in and then after a week they will lower the rate to 4%. without any notification hoping you won’t notice
Then if you question why the rate is not as advertised they will tell you the 4.75 is for
NEW customers only !!!
A week later you’re not considered a new customer anymore !!!
How disgusting this bank is. They need to be reported immediately. Shame on them
They are sneaky thieves and cannot be trusted at all.
Idaho First DBA. “peak bank “ should be ashamed of themselves for exploiting unsuspecting consumers HOW dare they
They’re criminals
Overall | |
---|---|
FDIC Certificate # | 58095 |
Year Established | 2005 |
Employees | 91 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.71% |
Return on Equity - YTD | 7.1% |
Annual Interest Income | $12.3MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2025vs Q1 2024 | $961.6MM$655.4MM |
Loans | Q1 2025vs Q1 2024 | $571.6MM$535.1MM |
Deposits | Q1 2025vs Q1 2024 | $863.1MM$577.1MM |
Equity Capital | Q1 2025vs Q1 2024 | $94.2MM$68.6MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $7.4MM$6.8MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $0$1.7MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Peak Bank; we are a rate comparison website and cannot provide official rates or promotions.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.44% | $0 | $10m | Envision High Yield Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.16% | $1k | - | 11 Month CD Special | |
3.70% | $500 | - | 12 Month CD | |
3.34% | $500 | - | 24 Month CD | |
3.14% | $500 | - | 36 Month CD |
Peak Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 475 E. Deinhard Lane - McCall, ID 83638