Preheat your oven to 350°F (175°C). Grease and flour a baking pan.
In a mixing bowl, combine the yellow cake mix, eggs, softened butter, water, and creamy peanut butter. Mix until well combined.
Pour the batter into the prepared baking pan. Bake for 30 minutes or until a toothpick comes out clean.
While the cake is baking, prepare the frosting by mixing the confectioners' sugar, creamy peanut butter, softened butter, milk, and vanilla extract until smooth.
Once the cake is cool, spread the frosting evenly on top.
Notes
For a richer flavor, you can add more peanut butter to the frosting.