Bask Bank vs. Presidential Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 16, 2025
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Summary of Bask Bank vs. Presidential Bank
Key Metrics at a Glance
| Feature | Bask Bank | Presidential Bank |
|---|---|---|
| Top Savings APY | 3.90% Interest Savings Account | 4.25% Advantage Savings |
| Minimum to Open | $0 | $5,000 |
| Minimum Balance for Top APY | $0 | N/A |
Bask Bank
Strengths
- Bask Bank offers a competitive APY of 3.90%, though it decreased from 4.05% in the last 30 days.
- No minimum deposit or balance requirements for the Interest Savings Account.
- Bask Bank has a solid App Store rating of 4.7.
Potential Drawbacks
- Bask Bank has no physical branches, limiting in-person services.
- Bask Bank's BBB rating is B, indicating lower trustworthiness compared to competitors.
- Interest Savings Account does not offer a higher APY option.
Presidential Bank
Strengths
- Presidential Bank's Advantage Savings offers a higher APY of 4.25%, though it decreased from 4.50% recently.
- Presidential Bank has 10 physical branches for customer service.
- The bank has a strong BBB rating of A-, indicating good trustworthiness.
Potential Drawbacks
- A minimum deposit of $5,000 is required to open the Advantage Savings account.
- To earn the higher APY, a monthly direct deposit into an Advantage Checking Account is necessary.
- Presidential Bank has a lower Google Play rating of 4.1.
→ As of November 16, 2025 Bask Bank offers an APY of 3.90% for its Interest Savings Account, with a minimum balance of $0, compared to Presidential Bank's 4.25% APY for its Advantage Savings account, with a minimum balance of N/A.
→ Presidential Bank yields $35 more than Bask Bank on a $10,000 balance after one year. Bask Bank pays $390, while Presidential Bank pays $425 - an APY advantage for Presidential Bank.
Calculate Savings Growth for Bask Bank vs Presidential Bank
Bask Bank - Interest Savings Account
Total savings breakdown:
- Interest earned: $2,370.2 (11.64%)
- Total contributions: $13,000 (63.82%)
- Initial deposit: $5,000 (24.55%)
Your total balance
$20,370.20
Total balance: $20,370.2
Earnings: $2,370.2
Bank OverviewPresidential Bank - Advantage Savings
Total savings breakdown:
- Interest earned: $2,596.8 (12.61%)
- Total contributions: $13,000 (63.12%)
- Initial deposit: $5,000 (24.28%)
Your total balance
$20,596.80
Total balance: $20,596.8
Earnings: $2,596.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bask Bank's total earnings would be $226.6 lower than Presidential Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bask Bank's vs Presidential Bank's Savings Accounts
| Bask Bank | Presidential Bank | ||
|---|---|---|---|
| Product | Interest Savings Account | vs | Advantage Savings |
| APY | 3.90% (as of 11/16/2025) | 3.75% - 4.25% (as of 11/16/2025) | |
| 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. | |
| App Store Rating | 4.7/5 | 4.8/5 | |
| Google Play Rating | 4.5/5 | 4.1/5 | |
| BBB Rating | B | A- |
Comparative Historical APY Insights (Last 11 Months)
| Bask Bank | Presidential Bank | ||
|---|---|---|---|
| Product | Interest Savings Account | vs | Advantage Savings |
| Latest APY | 3.90 % | 4.25 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.4 | -0.6 | |
| Rate Changes / Mo | 0.54 | 0.09 | |
| Days Since Last Change | 9 | 10 | |
| High (-11 m) | 4.65 % | 4.50 % | |
| Low (-11 m) | 3.90 % | 4.25 % | |
| Draw-down from High | -16.1 % | -5.6 % | |
| Volatility (CV) | 0.035 | 0.012 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 11 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 (-11 m)
- Highest APY in the last 334 days.
- Low (-11 m)
- Lowest APY in the last 334 days.
- Draw-down from High
- How far today sits below the 11-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.