Presidential Bank: Savings Accounts & Rates

Savings rates updated: 8/15/2025

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 8 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: 0.38% (as of 7/21/2025)

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: 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 branch locations in Maryland, Virginia, and Washington D.C.

Considerations

Requires a $5,000 minimum deposit to open the Advantage Savings account.
Direct deposit of $500 into an Advantage Checking Account needed for higher APY.
BBB rating of B- and not BBB Accredited.
Google Play rating is lower at 4.2.

Summary: Presidential Bank offers a competitive APY of 4.50% on its Advantage Savings account, with no maintenance fees and a solid App Store rating of 4.8. However, the account requires a $5,000 minimum deposit and a monthly direct deposit of $500 for the higher APY. The bank has a B- BBB rating and is not accredited, which may concern some savers. With 10 branches in the region, it provides accessible banking options.

Savings Account: In-Depth View

Savings Account Offered by Presidential Bank

Feature	Advantage Savings
APY	4.00% - 4.50% (as of 8/15/2025)
APY Trend	Stable for the last quarter
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
Sponsored Link
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: $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

Metric	Advantage Savings
Latest APY	4.50 %
Trend	Sideways
Slope (bps/mo)	0.0
Rate Changes / Mo	0.00
Days Since Last Change	241
High (-8 m)	4.50 %
Low (-8 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 8 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 (-8 m): Highest APY in the last 243 days.
Low (-8 m): Lowest APY in the last 243 days.
Draw-down from High: How far today sits below the 8-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 - 3.85% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.50% 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 - 4.20% APY
Betterment - 4.00% APY
BMO Alto - 3.50% APY
Bread Savings - 4.25% APY
BrioDirect - 4.30% APY
Capital One - 3.50% 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 - 0.25-4.00% APY
Citibank - 3.50% APY
Citizens Access™ - 3.50% APY
Colorado Federal Savings Bank - 4.15% APY
ConnectOne Bank - 4.00% APY
Customers Bank - 4.23% APY
Discover Bank - 3.50% APY
Elevault - 4.60% APY
E*TRADE from Morgan Stanley - 4.00% APY
EverBank - 4.30% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.25% APY
Fitness Bank - 4.85% APY
Flagstar Bank - 4.00% APY
FNBO Direct - 3.25% APY
Forbright Bank - 4.25% APY
FVCbank - 4.35% 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 - 4.10% APY
Marcus by Goldman Sachs - 3.65% 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 - 4.35% APY
Pibank - 4.60% APY
PNC - 3.95% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.05% APY
Prime Alliance Bank - 4.05% APY
Primis Bank - 4.20% APY
Quontic Bank - 3.75% APY
RBMAX - 4.15% APY
Rising Bank - 4.30% APY
ROGER - 4.12% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.03% APY
SoFi Bank - 3.80% APY
Synchrony Bank - 3.80% APY
TAB Bank - 4.15% APY
TD Bank - 0.05-3.00% APY
The State Exchange Bank - 3.05% APY
TIMBR - 4.40% APY
UFB Direct - 4.01-4.21% APY
Upgrade - 4.02% APY
Valley Direct - 4.30% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.30% APY
Zynlo Bank - 4.35% APY

Feature	Presidential Bank	Select a bank...
Product	Advantage Savings	N/A
APY	4.00% - 4.50% (as of 8/15/2025)	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

Bank-to-Bank Comparisons

Compare Presidential Bank's APY of 4.50% with other banks

Bank Pair	Best APY	Min Deposit
Presidential Bank vs Ally Bank	3.50%	$0
Presidential Bank vs American Express	3.50%	$0
Presidential Bank vs Axos Bank	4.46%	$0
Presidential Bank vs Bank of America	0.01%	$100
Presidential Bank vs Barclays	4.10%	$0
Presidential Bank vs Capital One	3.50%	$0
Presidential Bank vs Chase Bank	0.01%	$0
Presidential Bank vs Chime	3.75%	$0
Presidential Bank vs CIT Bank	4.00%	$100
Presidential Bank vs Discover Bank	3.50%	$0
Presidential Bank vs Fitness Bank	4.85%	$100
Presidential Bank vs Marcus by Goldman Sachs	3.65%	$0
Presidential Bank vs SoFi Bank	3.80%	$0
Presidential Bank vs Synchrony Bank	3.80%	$0
Presidential Bank vs UFB Direct	4.21%	$5000
Presidential Bank vs Varo Bank	5.00%	$0
Presidential Bank vs Wells Fargo	2.51%	$25