Presidential Bank

Last Updated: 4/1/2025

Note: Interest rates below are reported as APY, or Annual Percentage Yield

Quick Views

Advantage Savings: 4.00% - 4.50% APY(Rank 14 out of 75 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: 0.41% (as of 3/17/2025)

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

Savings Account

Savings Accounts Offered by Presidential Bank

Feature	Advantage Savings
APY	4.00% - 4.50% (as of 4/1/2025)
APY Trend	Stable
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.

Savings Product:

Advantage Savings (APY: 4.00% ⎼ 4.50%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

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
Highest APY	4.50%
Lowest APY	4.50%
Latest APY	4.50%
Trend	Stable
Volatility	0.00%

Compare Presidential Bank's Savings Account

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Feature	Presidential Bank	Select a bank...
Product	Advantage Savings	N/A
APY	4.00% - 4.50% (as of 4/1/2025)	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

Presidential Bank vs. Major Banks: Savings Accounts

Click on the items below to view the comparisons

Presidential Bank vs. Bank of America

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Feature	Presidential Bank	Bank of America
Feature	Advantage Savings	Advantage Savings
APY	4.00% - 4.50% APY) (as of 4/1/2025)	0.01% APY (as of 4/1/2025)
Bundled Account	Yes	No
FDIC-insured	Yes	Yes
Online Only	No	No
Compound Frequency	Monthly	Monthly
Minimum Deposit	$5,000	$100
Minimum Balance for APY	N/A	N/A
Maintenance Fee	$0	$8
Direct Deposit Required	Yes. To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.	No
Eligibility	United States	United States
Note	N/A	APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc.

Presidential Bank vs. Citibank

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Feature	Presidential Bank	Citibank
Feature	Advantage Savings	Citi® Savings Account	Citi Accelerate Savings
APY	4.00% - 4.50% APY) (as of 4/1/2025)	0.03% APY (as of 4/1/2025)	3.70% APY
Bundled Account	Yes	No	No
FDIC-insured	Yes	Yes	Yes
Online Only	No	No	Yes
Compound Frequency	Monthly	Daily	Daily
Minimum Deposit	$5,000	$0	$0
Minimum Balance for APY	N/A	$0.01	$0.01
Maintenance Fee	$0	$4.50. Waived for average monthly balances > $500	$4.50. Waived for average monthly balances > $500
Direct Deposit Required	Yes. To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.	No	No
Eligibility	United States	California, Connecticut, Maryland, Nevada, New Jersey, New York, Virginia (partial), Washington D.C., and select parts of Florida and Illinois. In addition, promotional rates may be available if requirements are met.	Alaska, Alabama, Arkansas, Arizona, Colorado, Delaware, Florida (select parts), Georgia, Hawaii, Iowa, Idaho, Illinois (select parts), Indiana, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia (partial), Washington (partial), Wisconsin, West Virginia, Wyoming.
Note	N/A	N/A	N/A

Presidential Bank vs. Chase Bank

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Feature	Presidential Bank	Chase Bank
Feature	Advantage Savings	Chase Savings℠
APY	4.00% - 4.50% APY) (as of 4/1/2025)	0.01% APY (as of 4/1/2025)
Bundled Account	Yes	No
FDIC-insured	Yes	Yes
Online Only	No	No
Compound Frequency	Monthly	Monthly
Minimum Deposit	$5,000	$0
Minimum Balance for APY	N/A	$0
Maintenance Fee	$0	$5
Direct Deposit Required	Yes. To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.	No
Eligibility	United States	United States
Note	N/A	APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc.

Presidential Bank vs. Capital One

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Feature	Presidential Bank	Capital One
Feature	Advantage Savings	360 Performance Savings
APY	4.00% - 4.50% APY) (as of 4/1/2025)	3.70% APY (as of 4/1/2025)
Bundled Account	Yes	No
FDIC-insured	Yes	Yes
Online Only	No	No
Compound Frequency	Monthly	Daily
Minimum Deposit	$5,000	$0
Minimum Balance for APY	N/A	$0
Maintenance Fee	$0	$0
Direct Deposit Required	Yes. To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.	No
Eligibility	United States	United States
Note	N/A	N/A