Bank Of America vs. Presidential Bank
High-Yield Savings Account Comparison
Last Updated: October 14, 2025
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Summary of Bank of America vs. Presidential Bank
Key Metrics at a Glance
| Feature | Bank of America | Presidential Bank |
|---|---|---|
| Top Savings APY | 0.01% Advantage Savings | 4.50% Advantage Savings |
| Minimum to Open | $100 | $5,000 |
| Minimum Balance for APY | N/A |
Bank of America
Strengths
- Bank of America has a higher App Store rating at 4.8.
- No direct deposit requirement for the Advantage Savings account.
Potential Drawbacks
- The Advantage Savings account has a low APY of 0.01%.
- Monthly maintenance fee of $8 may apply.
Presidential Bank
Strengths
- Presidential Bank offers a high APY of 4.5%, unchanged from 30 days ago.
- No monthly maintenance fee for the Advantage Savings account.
Potential Drawbacks
- Requires a $5,000 minimum deposit for the Advantage Savings account.
- Direct deposit of $500 is needed to earn the higher APY.
→ As of October 14, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to Presidential Bank's 4.50% APY for its Advantage Savings account, with a minimum balance of N/A.
→ Presidential Bank yields $449 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Presidential Bank pays $450 - an APY advantage for Presidential Bank.
Calculate Savings Growth for Bank of America vs Presidential Bank
Bank of America
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Total balance: $18,005.7
Earnings: $5.7
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, Bank of America's total earnings would be $2,754.4 lower than Presidential Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bank of America's vs Presidential Bank's Savings Accounts
| Bank of America | Presidential Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Advantage Savings |
| APY | 0.01% (as of 10/14/2025) | 4.00% - 4.50% (as of 10/14/2025) | |
| Bundled Account | No | Yes | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | No | |
| Compound Frequency | Monthly | Monthly | |
| Minimum Deposit | $100 | $5,000 | |
| Minimum Balance for APY | N/A | N/A | |
| Maintenance Fee | $8 | $0 | |
| Direct Deposit Required | No | Yes. To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. | |
| Note | 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. | ||
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.6/5 | 4.2/5 | |
| BBB Rating | A+ | A- |
Comparative Historical APY Insights (Last 8 Months)
| Bank of America | Presidential Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Advantage Savings |
| Latest APY | 0.01 % | 4.50 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -0.0 | 0.0 | |
| Rate Changes / Mo | 0.00 | 0.00 | |
| Days Since Last Change | 259 | 259 | |
| High (-8 m) | 0.01 % | 4.50 % | |
| Low (-8 m) | 0.01 % | 4.50 % | |
| Draw-down from High | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.000 | 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 259 days.
- Low (-8 m)
- Lowest APY in the last 259 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.