American Express vs. Presidential Bank
High-Yield Savings Account Comparison
Last Updated: October 14, 2025
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Summary of American Express vs. Presidential Bank
Key Metrics at a Glance
| Feature | American Express | Presidential Bank |
|---|---|---|
| Top Savings APY | 3.50% High Yield Savings Account | 4.50% Advantage Savings |
| Minimum to Open | $0 | $5,000 |
| Minimum Balance for APY | $0 | N/A |
American Express
Strengths
- American Express offers a competitive APY of 3.50%.
- No direct deposit requirement for the High Yield Savings Account.
- Zero maintenance fees with no minimum balance.
Potential Drawbacks
- American Express has an F BBB rating, indicating trust issues.
- No physical branches available for in-person banking.
- Lower App Store rating at 4.9 compared to competitors.
Presidential Bank
Strengths
- Presidential Bank features a higher APY of 4.50%.
- Ten physical branches in Maryland, Virginia, and Washington D.C.
- Higher Google Play rating at 4.2.
Potential Drawbacks
- Requires a monthly direct deposit of $500 to earn the higher APY.
- Minimum deposit of $5,000 needed to open the Advantage Savings account.
- Not BBB Accredited, despite a better A- rating.
→ As of October 14, 2025 American Express offers an APY of 3.50% for its High Yield Savings Account, with a minimum balance of $0, compared to Presidential Bank's 4.50% APY for its Advantage Savings account, with a minimum balance of N/A.
→ Presidential Bank yields $100 more than American Express on a $10,000 balance after one year. American Express pays $350, while Presidential Bank pays $450 - an APY advantage for Presidential Bank.
Calculate Savings Growth for American Express vs Presidential Bank
American Express
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewPresidential Bank
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
Total balance: $20,760.1
Earnings: $2,760.1
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, American Express's total earnings would be $646 lower than Presidential Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare American Express' vs Presidential Bank's Savings Accounts
| American Express | Presidential Bank | ||
|---|---|---|---|
| Product | High Yield Savings Account | vs | Advantage Savings |
| APY | 3.50% (as of 10/14/2025) | 4.00% - 4.50% (as of 10/14/2025) | |
| 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. | |
| App Store Rating | 4.9/5 | 4.8/5 | |
| Google Play Rating | 3.7/5 | 4.2/5 | |
| BBB Rating | F | A- |
Comparative Historical APY Insights (Last 9 Months)
| American Express | Presidential Bank | ||
|---|---|---|---|
| Product | High Yield Savings Account | vs | Advantage Savings |
| Latest APY | 3.50 % | 4.50 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -3.8 | 0.0 | |
| Rate Changes / Mo | 0.34 | 0.00 | |
| Days Since Last Change | 84 | 266 | |
| High (-9 m) | 3.80 % | 4.50 % | |
| Low (-9 m) | 3.50 % | 4.50 % | |
| Draw-down from High | -7.9 % | 0.0 % | |
| Volatility (CV) | 0.028 | 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 266 days.
- Low (-9 m)
- Lowest APY in the last 266 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.