Ally Bank vs Presidential Bank
High-Yield Savings Accounts Comparison
Last Updated: July 15, 2025
Summary of Ally Bank vs. Presidential Bank
As of July 15, 2025 Ally Bank offers an APY of 3.50% for its Savings Account account, compared to Presidential Bank's 4.50% APY for its Advantage Savings account.
Presidential Bank yields $100 more than Ally Bank on a $10,000 balance after one year. Ally Bank pays $350, while Presidential Bank pays $450 - an APY advantage for Presidential Bank.
Ally Bank
Strengths
- Ally Bank offers a competitive APY of 3.50%, though it decreased from 3.60% recently.
- No minimum deposit is required to open a savings account at Ally Bank.
- Ally Bank has a strong BBB rating of A+.
Potential Drawbacks
- Ally Bank does not have any physical branches.
- Ally Bank's APY is lower than Presidential Bank's 4.50% APY.
Presidential Bank
Strengths
- Presidential Bank offers a high APY of 4.50%, unchanged from 30 days ago.
- Presidential Bank has 10 physical branches for customer access.
- Presidential Bank's App Store rating is slightly higher at 4.8.
Potential Drawbacks
- Presidential Bank requires a $5,000 minimum deposit to open an Advantage Savings account.
- Presidential Bank has a lower BBB rating of B- and is not accredited.
- To earn the higher APY, a monthly direct deposit is mandatory.
Summary: Ally Bank provides a no-minimum deposit savings account with a 3.50% APY and an A+ BBB rating, but lacks branches. Presidential Bank offers a higher 4.50% APY with a $5,000 minimum deposit and 10 branches, but has a lower B- BBB rating and requires direct deposits for the best rate.
Compare Ally Bank's vs Presidential Bank's Savings Accounts
| Ally Bank | Presidential Bank | ||
|---|---|---|---|
| Product | Savings Account | vs | Advantage Savings |
| APY | 3.50% (as of 7/15/2025) | 4.00% - 4.50% (as of 7/16/2025) | |
| Bundled Account | No | Yes | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | No | |
| Compound Frequency | Daily | Monthly | |
| Minimum Deposit | $0 | $5,000 | |
| Minimum Balance for APY | $0 | N/A | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | Yes. To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. | |
| Visit Bank | Savings Account | Advantage Savings | |
| App Store Rating | 4.7/5 | 4.8/5 | |
| Google Play Rating | 4.4/5 | 4.2/5 | |
| BBB Rating | A+ | B- |
Comparative Historical APY Insights (Last 6 Months)
| Ally Bank | Presidential Bank | ||
|---|---|---|---|
| Product | Savings Account | vs | Advantage Savings |
| Latest APY | 3.50 % | 4.50 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.9 | 0.0 | |
| Rate Changes / Mo | 0.53 | 0.00 | |
| Days Since Last Change | 28 | 169 | |
| High (-6 m) | 3.80 % | 4.50 % | |
| Low (-6 m) | 3.50 % | 4.50 % | |
| Draw-down from High | -7.9 % | 0.0 % | |
| Volatility (CV) | 0.024 | 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 169 days.
- Low (-6 m)
- Lowest APY in the last 169 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.
Calculate Savings Growth for Ally Bank vs Presidential Bank
All calculations are based on APY.
Ally Bank
APY: 3.50%
Total savings breakdown:
- Interest earned: $35 (3.38%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.62%)
Your total balance
$1,035.00
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $1,035
Earnings: $35
Bank DetailsPresidential Bank
APY: 4.50%
Total savings breakdown:
- Interest earned: $45 (4.31%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (95.69%)
Your total balance
$1,045.00
Effective APY: 4.50% (based on your deposit and contributions)
Total balance: $1,045
Earnings: $45
Bank DetailsAfter 1 year Ally Bank would earn you $10 less than Presidential Bank.
More Comparisons
Compare Ally Bank's APY of 3.50% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Ally Bank vs American Express | 3.60% | $0 |
| Ally Bank vs Axos Bank | 4.66% | $0 |
| Ally Bank vs Bank of America | 0.01% | $100 |
| Ally Bank vs Barclays | 4.10% | $0 |
| Ally Bank vs Capital One | 3.50% | $0 |
| Ally Bank vs Chase Bank | 0.01% | $0 |
| Ally Bank vs Chime | 3.75% | $0 |
| Ally Bank vs CIT Bank | 4.00% | $100 |
| Ally Bank vs Discover Bank | 3.50% | $0 |
| Ally Bank vs Fitness Bank | 5.00% | $100 |
| Ally Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Ally Bank vs SoFi Bank | 3.80% | $0 |
| Ally Bank vs Synchrony Bank | 3.80% | $0 |
| Ally Bank vs Varo Bank | 5.00% | $0 |
| Ally Bank vs Wells Fargo | 2.51% | $25 |
Compare Presidential Bank's APY of 4.50% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Presidential Bank vs American Express | 3.60% | $0 |
| Presidential Bank vs Axos Bank | 4.66% | $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 | 5.00% | $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 Varo Bank | 5.00% | $0 |
| Presidential Bank vs Wells Fargo | 2.51% | $25 |