Presidential Bank: Savings Accounts & Rates

Savings rates updated: 10/1/2025

Mission statement: Banksparency aims to make Presidential Bank's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

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

We earn a commission if you open an account through some links on this page.

Savings Overview

Advantage Savings: 4.00% - 4.50% APY(Rank 6 of the 20 Best Savings Rates)

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: 0.4% (as of 9/15/2025)

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.

Deposit Insurance: FDIC Cert # 32363

BBB Rating: A- (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 on Advantage Savings account.
  • A- BBB rating indicates good trustworthiness.
  • High App Store rating of 4.8.

Considerations

  • Requires $5,000 minimum deposit to open Advantage Savings.
  • Monthly direct deposit of $500 needed for higher APY.
  • Not BBB accredited, which may raise concerns.
  • Limited to 10 branches in Maryland, Virginia, and D.C.
Summary: Presidential Bank offers a competitive APY of 4.50% on its Advantage Savings account, with no maintenance fees. However, it requires a $5,000 minimum deposit and a monthly direct deposit of $500 to earn this rate. The bank has a solid A- BBB rating, though it's not accredited. With a high App Store rating of 4.8, it may appeal to tech-savvy savers despite its limited branch locations.

Savings Account: In-Depth View

Savings Account Offered by Presidential Bank

FeatureAdvantage Savings
APY
4.00% - 4.50% (as of 10/1/2025)
APY TrendStable for the last quarter
Minimum Deposit$5,000
Minimum Balance for APYN/A
FDIC-insured
Yes
Online OnlyNo
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
EligibilityUnited States
Sponsored Link

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: $2,760.1 (13.30%)
  • Total contributions: $13,000 (62.62%)
  • Initial deposit: $5,000 (24.08%)

Your total balance

$20,760.10

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

MetricAdvantage Savings
Latest APY4.50 %
TrendSideways
Slope (bps/mo)0.0
Rate Changes / Mo0.00
Days Since Last Change286
High (-9 m)4.50 %
Low (-9 m)4.50 %
Draw-down from High0.0 %
Volatility (CV)0.000
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 9 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 (-9 m)
Highest APY in the last 287 days.
Low (-9 m)
Lowest APY in the last 287 days.
Draw-down from High
How far today sits below the 9-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.

Compare Presidential Bank's Savings Account

  • Affirm - 3.60% APY
  • All America Bank - 1.50-3.25% APY
  • Ally Bank - 3.40% APY
  • Amalgamated Bank - 2.25% APY
  • American Express - 3.50% APY
  • Ameriprise Bank - 3.15-3.15% APY
  • Axos Bank - 4.46% APY
  • Bank5 Connect - 4.05% APY
  • Bank of America - 0.01% APY
  • Barclays - 3.90-4.10% APY
  • Bask Bank - 4.05% APY
  • Betterment - 3.75% APY
  • BMO Alto - 3.25% APY
  • Bread Savings - 4.25% APY
  • BrioDirect - 4.30% APY
  • Capital One - 3.40% APY
  • Carver Bank - 4.00% APY
  • Charles Schwab Bank - 0.15% APY
  • Chase Bank - 0.01% APY
  • Chime - 1.25-3.75% APY
  • CIBC Bank USA - 4.02% APY
  • CIT Bank - 0.25-3.85% APY
  • Citibank - 3.40% APY
  • Citizens Access™ - 3.50% APY
  • Colorado Federal Savings Bank - 4.15% APY
  • ConnectOne Bank - 3.85% APY
  • Customers Bank - 3.98% APY
  • Discover Bank - 3.40% APY
  • Elevault - 4.34% APY
  • E*TRADE from Morgan Stanley - 3.75% APY
  • EverBank - 4.05% APY
  • Evergreen Bank Group - 4.25% APY
  • First Foundation Bank - 4.10% APY
  • Fitness Bank - 4.75% APY
  • Flagstar Bank - 4.00% APY
  • FNBO Direct - 3.25% APY
  • Forbright Bank - 4.25% APY
  • FVCbank - 4.10% APY
  • GO2bank - 4.50% APY
  • High Plains Bank - 0.23-3.82% APY
  • Jenius Bank - 4.20% APY
  • LendingClub - 3.20-4.20% APY
  • Live Oak Bank - 4.00% APY
  • Marcus by Goldman Sachs - 3.65% APY
  • MutualOne Bank - 4.07% APY
  • My Banking Direct - 4.30% APY
  • MySavingsDirect - 3.75% APY
  • Neighbors Bank - 4.60% APY
  • Newtek Bank - 4.35% APY
  • OMB Bank - 1.00% APY
  • Openbank - 4.20% APY
  • Peak Bank - 4.20% APY
  • Pibank - 4.60% APY
  • PNC - 3.85% APY
  • Poppy Bank - 4.25% APY
  • Popular Direct - 4.10% APY
  • Prime Alliance Bank - 3.90% APY
  • Primis Bank - 3.85% APY
  • Quontic Bank - 3.75% APY
  • RBMAX - 3.90% APY
  • Rising Bank - 4.20% APY
  • ROGER - 3.87% APY
  • Salem Five Direct - 4.01% APY
  • Sallie Mae Bank - 3.90% APY
  • Santander Bank - 0.01% APY
  • SmartyPig - 3.90% APY
  • SoFi Bank - 4.50% APY
  • Synchrony Bank - 3.80% APY
  • TAB Bank - 3.80% APY
  • TD Bank - 0.05-3.00% APY
  • The State Exchange Bank - 4.11% APY
  • TIMBR - 4.40% APY
  • UFB Direct - 3.90-4.10% APY
  • Upgrade - 3.42% APY
  • Valley Direct - 4.10% APY
  • Varo Bank - 2.50-5.00% APY
  • Wells Fargo - 0.05-2.51% APY
  • Western Alliance Bank - 4.10% APY
  • Zynlo Bank - 4.35% APY
FeaturePresidential BankSelect a bank...
ProductAdvantage Savings N/A
APY
4.00% - 4.50% (as of 10/1/2025)N/A
Bundled Account
YesN/A
FDIC-insured
YesN/A
Online OnlyNoN/A
Compound Frequency
MonthlyN/A
Minimum Deposit$5,000N/A
Minimum Balance for APYN/AN/A
Maintenance Fee$0N/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

Bank-to-Bank Comparisons

Compare Presidential Bank's APY of 4.50% with other banks
Bank PairCompetitor APYMin Deposit
Presidential Bank vs Ally Bank3.40%$0
Presidential Bank vs American Express3.50%$0
Presidential Bank vs Axos Bank4.46%$0
Presidential Bank vs Bank of America0.01%$100
Presidential Bank vs Barclays4.10%$0
Presidential Bank vs BrioDirect4.30%$5,000
Presidential Bank vs Capital One3.40%$0
Presidential Bank vs Chase Bank0.01%$0
Presidential Bank vs Chime3.75%$0
Presidential Bank vs CIT Bank3.85%$100
Presidential Bank vs Discover Bank3.40%$0
Presidential Bank vs Elevault4.34%$0
Presidential Bank vs EverBank4.05%$0
Presidential Bank vs Fitness Bank4.75%$100
Presidential Bank vs FVCbank4.10%$500
Presidential Bank vs GO2bank4.50%$0
Presidential Bank vs Marcus by Goldman Sachs3.65%$0
Presidential Bank vs Neighbors Bank4.60%$0
Presidential Bank vs Newtek Bank4.35%$0
Presidential Bank vs Peak Bank4.20%$100
Presidential Bank vs Pibank4.60%$0
Presidential Bank vs Santander Bank0.01%$25
Presidential Bank vs SoFi Bank4.50%$0
Presidential Bank vs Synchrony Bank3.80%$0
Presidential Bank vs TIMBR4.40%$1,000
Presidential Bank vs UFB Direct4.10%$5000
Presidential Bank vs Varo Bank5.00%$0
Presidential Bank vs Wells Fargo2.51%$25
Presidential Bank vs Zynlo Bank4.35%$10

Alternatives to Presidential Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

Elevault

High Yield Savings Account: 4.34% APY

Minimum Deposit: $0

Online Only

GO2bank

High Yield Savings: 4.50% APY

Minimum Deposit: $0

Online Only

My Banking Direct

High Yield Savings Account: 4.30% APY

Minimum Deposit: $500

Online Only

Neighbors Bank

Neighbors Savings Account: 4.60% APY

Minimum Deposit: $0

Eligible States: Limited (see details)

Evergreen Bank Group

High-Yield Online Savings: 4.25% APY (Inactive)

Minimum Deposit: $100

Online Only

Pibank

Pibank Savings: 4.60% APY

Minimum Deposit: $0

Online Only

SoFi Bank

SoFi Savings: 4.50% APY

Bundled Savings & Checking Account

Minimum Deposit: $0

Online Only

Forbright Bank

Growth Savings: 4.25% APY

Minimum Deposit: $0

Online Only

Bright Savings: 3.65% APY

Minimum Deposit: $250

Eligible States: Limited (see details)

Sprout Savings: 3.65% APY

Minimum Deposit: $1

Eligible States: Limited (see details)

Fitness Bank

Fitness Savings Account: 4.45% APY

Minimum Deposit: $100

Online Only

Fitness Elite Checking & Fitness Savings Combo: 4.75% APY

Bundled Savings & Checking Account

Minimum Deposit: $100

Online Only

TIMBR

Premium Savings Account: 4.40% APY

Minimum Deposit: $1,000

Online Only

BrioDirect

High-Yield Savings Account: 4.30% APY

Minimum Deposit: $5,000

Online Only

Newtek Bank

Personal High Yield Savings: 4.35% APY

Minimum Deposit: $0

Online Only