Your money is completely secure with Peak! Our mission at Peak is to help people stress less about their money by providing a better way to save. A crucial part of that is the safety of your savings: Your savings are safe and insured through our bank partners with full coverage by the FDIC, up to $250,000. And because you’re saving with us, not investing, your money doesn’t fluctuate with the stock market.
The Peak Rewards annual rate was lowered to 0.50%.
On March 15, 2020, the Fed lowered the federal funds rate by 1% and as result, our Rewards Rate was lowered as well. However, this is still 2x the federal funds rate of 0.25%!
Peak is still 100% free!
The Peak team is here to assist you! We take health and well-being very seriously. Fortunately, keeping our team safe and healthy won’t negatively impact your experience: our team works in a "remote first" environment, so we already have all of the systems and infrastructure in place to maintain our service to you through this challenging time!
If at any time you have questions about your Peak account (or anything else really), reach out to us via the Help Center in the app or email us at firstname.lastname@example.org!