Is Peak a bank? Amber Cox June 19, 2020 16:02 Updated Nope. We partner with your bank(s) to store, transfer, and insure your money. Related articles How does saving with Peak work? How much does Peak cost? What happens to my money if Peak closes? What are Unallocated Savings? When can I withdraw money from my Peak account? Comments 0 comments Please sign in to leave a comment.