Presidential Bank
Last Updated: 6/20/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
Advantage Savings: 4.00% - 4.50% APY(Rank 8 out of 74 tracked HYSAs)
Minimum Deposit: $5,000 | Bundled Savings & Checking Account | Direct Deposit: To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.
National Savings Interest Rate: 0.42% (as of 5/19/2025)
Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.
(Source: FDIC)Bank Overview
Location: Bethesda, Maryland
Founded: 1985
Access to Branches: 10 locations in Maryland, Virginia and Washington D.C.
BBB Rating: B- (Not BBB Accredited)
App Store Rating: 4.8/5
Google Play Rating: 4.2/5
Website: Visit Presidential Bank
Our Take on Presidential Bank
Highlights
- Current APY of 4.50%, unchanged from 30 days ago.
- No maintenance fees for the Advantage Savings account.
- High App Store rating of 4.8.
- 10 branches located in Maryland, Virginia, and Washington D.C.
Considerations
- B- BBB rating, not BBB Accredited.
- Requires monthly direct deposit of $500 for higher APY.
- Minimum deposit of $5,000 to open Advantage Savings account.
- Google Play rating of 4.2 is lower than App Store rating.
Summary: Presidential Bank offers an Advantage Savings account with a competitive APY of 4.50%, requiring a $5,000 minimum deposit and a monthly direct deposit of $500 for the higher rate. The bank has 10 branches and boasts a strong App Store rating of 4.8, although it has a B- BBB rating and is not accredited. Consider these factors when evaluating your options for high-yield savings.
Savings Account
Savings Account Offered by Presidential Bank
| Feature | Advantage Savings |
|---|---|
| APY | 4.00% - 4.50% (as of 6/20/2025) |
| APY Trend | Stable for the last month |
| Minimum Deposit | $5,000 |
| Minimum Balance for APY | N/A |
| FDIC-insured | Yes |
| Online Only | No |
| Bundled Account | Yes |
| Direct Deposit Required | Yes. To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. |
| Compound Frequency | Monthly |
| Maintenance Fee | $0 |
| Eligibility | United States |
No deposit agreement summary available for this bank. | |
Calculate Savings for Presidential Bank
All calculations are based on APY.
Advantage Savings (APY: 4.00% ⎼ 4.50%)
Deposit Frequency:
Total savings breakdown:
- Interest earned: $225 (4.31%)
- Total contributions: $0 (0.00%)
- Initial deposit: $5,000 (95.69%)
Your total balance
$5,225.00
Effective APY: 4.50% (based on your deposit and contributions)
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Presidential Bank Savings Rates Over Time
Historical APY Insights
| Metric | Advantage Savings |
|---|---|
| Latest APY | 4.50 % |
| Trend | Sideways |
| Slope (bps/mo) | 0.0 |
| Rate Changes / Mo | 0.00 |
| Days Since Last Change | 185 |
| High (-6 m) | 4.50 % |
| Low (-6 m) | 4.50 % |
| Draw-down from High | 0.0 % |
| Volatility (CV) | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-6 m)
- Highest APY in the last 186 days.
- Low (-6 m)
- Lowest APY in the last 186 days.
- Draw-down from High
- How far today sits below the 6-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
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| Feature | Presidential Bank | Select a bank... |
|---|---|---|
| Product | Advantage Savings | N/A |
| APY | 4.00% - 4.50% (as of 6/20/2025) | N/A |
| Bundled Account | Yes | N/A |
| FDIC-insured | Yes | N/A |
| Online Only | No | N/A |
| Compound Frequency | Monthly | N/A |
| Minimum Deposit | $5,000 | N/A |
| Minimum Balance for APY | N/A | N/A |
| Maintenance Fee | $0 | N/A |
| Direct Deposit Required | Yes. To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. | N/A |