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Peak High Yield Checking

Earn up to 5.00% APY* with our high yield checking account that’s designed to help you earn more.  Add a Peak Saver high yield savings account and earn even more. 

Build your savings faster with a Peak High Yield checking account

You deserve more from your checking account. With a Peak High Yield checking account, you can earn higher dividends with fewer fees, allowing you to grow your savings quicker. Take advantage of Peak High Yield Checking today!

Open an account online, call us at (800) 258-3115, or visit a local Peak branch to get started.

A smiling women holding a book, her phone and a tablet.

How you can earn more
with Peak High Yield checking

5.00% APY*

Meet these monthly requirements:
  • 25 debit card transactions per cycle.
  • Be enrolled to receive eStatements.

3.00% APY*

Meet these monthly requirements:
  • 12 debit card transactions per cycle.
  • Be enrolled to receive eStatements.

Get more from a Peak High Yield checking account

Digital Banking Tools

Enjoy free online and mobile banking with convenient features like Bill Pay and mobile check deposit, available 24/7.

ATM Fee Refunds
Get up to $25 per month in ATM surcharge fees refunded when you need cash outside our 30,000‑ATM surcharge‑free network.
No Hidden Fees

Avoid monthly maintenance fees when you enroll in eStatements, making it easy to keep your checking account free.

Mobile Wallet Ready

Pay your way with Apple Pay, Google Pay, Samsung Pay, and Venmo, giving you fast, secure access wherever you shop.*

Free Debit Card

Get a free tap‑to‑pay Visa® Debit Card, and walk out with your card the same day when you open in a branch.

Give Back Automatically

Every debit card purchase donates 1¢ to local charities, helping support organizations in our communities—millions donated and counting.

Add a Peak Saver high yield savings account & earn even more!

Grow your savings a little extra by linking your Peak High Yield checking account to a Peak Saver account. Rewards earned on your checking, as well as ATM fee refunds, are automatically deposited into this high-earning savings account, which then can earn you additional dividends. Link your account to Peak Saver today. 

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Peak High Yield Checking Rates

Rates as of: 01/05/26
Balance Details
Range
Tier 1 APY*
Tier 2 APY*
When qualifications are met:
Up to $25,000
3.00%
5.00%
Over $25,000
1.00%
1.00%
When qualifications are not met:
Entire balance
0.05%
0.05%

*APY = Annual Percentage Yield. APY is variable. Rates, terms, and conditions accurate as of 12/19/25 and are subject to change. Fees may reduce earnings. The terms applicable to your Deposit Accounts at Peak are provided in the Membership and Account Agreement. Prime/Regular Savings requires $100 minimum daily balance to earn dividends. Other savings may not require a minimum balance to earn dividends. An adult 18 or over must accompany a minor as a joint account owner on any minor accounts. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Dividends are compounded monthly and will be credited monthly. A savings account is required to open a checking account.

Peak High Yield Checking: Opening balance of $25 required. APY assuming a maximum $25,000 in 2nd tier. Peak High Yield dividends will be credited to your Peak Saver account on the last day of the monthly statement cycle.

Frequently Asked Questions

What is a high‑yield checking account and how does it work?

A high‑yield checking account is a checking account that pays a higher-than-average interest rate on your everyday balance. With Peak High Yield Checking, you can earn a premium APY on the money you already use for purchases, bill payments, and transfers—no separate savings account required. Simply meet the monthly qualifications and enjoy one of the most competitive checking rates available.

How does this high‑yield checking account compare to a high‑yield savings account (HYSA)?

Both high‑yield checking accounts and high‑yield savings accounts (HYSAs) offer excellent earning potential, but they serve different purposes. A HYSA is ideal for saving and growing funds you don’t need to access daily, while a high‑yield checking account lets you earn a premium APY on your everyday balance.

With Peak High Yield Checking, you get full spending flexibility—debit card access, unlimited transactions, and online bill pay—while still earning a top‑tier rate. And for even more earning power, you can pair your checking account with our Peak Saver high‑yield savings account, giving you a dedicated place to grow long‑term savings alongside your high‑earning checking balance.

What are the benefits of using a high‑yield checking account instead of a traditional checking account?

A high‑yield checking account offers all the benefits of traditional checking—debit card access, online and mobile banking, unlimited transactions—but with the added advantage of earning a significantly higher APY. You get more value from your everyday balance and keep your money fully accessible while it grows.

Can I use this account for direct deposit and everyday spending?

Yes. Peak High Yield Checking works just like a standard checking account, making it perfect for daily finances. You can set up direct deposit for your paycheck or recurring income, use your debit card for purchases, pay bills online, and transfer money as needed. You earn a premium APY while still enjoying complete access to your money.

What happens if I don’t meet the monthly qualifications?

If you don’t meet the monthly qualifications, your account still earns interest at a base rate for that period. There are no penalties, fees, or restrictions—you simply won’t earn the higher APY for that month. You can qualify again the next cycle by meeting the requirements, and your account continues to function normally the entire time.

Get Started Today

Ready to start saving more money with Peak High Yield Checking?

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