Bask Bank vs. Presidential Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 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 | 4.05% Interest Savings Account | 4.50% 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 4.05%, though it decreased from 4.15% in the last 30 days.
- Bask Bank has no minimum deposit requirement for its 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 service options.
- Bask Bank's BBB rating is B, indicating lower trustworthiness compared to others.
- Bask Bank requires no direct deposit, which may limit APY benefits.
Presidential Bank
Strengths
- Presidential Bank offers a higher APY of 4.5% for its Advantage Savings account.
- Presidential Bank has 10 physical branches, providing in-person banking services.
- Presidential Bank has a strong BBB rating of A-, indicating higher trustworthiness.
Potential Drawbacks
- Presidential Bank requires a $5,000 minimum deposit to open the Advantage Savings account.
- To earn the higher APY, a monthly direct deposit of $500 is required.
- Presidential Bank has a lower Google Play rating of 4.2.
→ As of October 16, 2025 Bask Bank offers an APY of 4.05% for its Interest 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 $45 more than Bask Bank on a $10,000 balance after one year. Bask Bank pays $405, while Presidential Bank pays $450 - an APY advantage for Presidential Bank.
Calculate Savings Growth for Bask Bank vs Presidential Bank
Bask Bank
Total savings breakdown:
- Interest earned: $2,467 (12.05%)
- Total contributions: $13,000 (63.52%)
- Initial deposit: $5,000 (24.43%)
Your total balance
$20,467.00
Total balance: $20,467
Earnings: $2,467
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, Bask Bank's total earnings would be $293.1 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 | 4.05% (as of 10/16/2025) | 4.00% - 4.50% (as of 10/16/2025) | |
| 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 | 4.2/5 | |
| BBB Rating | B | A- |
Comparative Historical APY Insights (Last 10 Months)
| Bask Bank | Presidential Bank | ||
|---|---|---|---|
| Product | Interest Savings Account | vs | Advantage Savings |
| Latest APY | 4.05 % | 4.50 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.1 | 0.0 | |
| Rate Changes / Mo | 0.50 | 0.00 | |
| Days Since Last Change | 27 | 301 | |
| High (-10 m) | 4.65 % | 4.50 % | |
| Low (-10 m) | 4.05 % | 4.50 % | |
| Draw-down from High | -12.9 % | 0.0 % | |
| Volatility (CV) | 0.029 | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 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 (-10 m)
- Highest APY in the last 303 days.
- Low (-10 m)
- Lowest APY in the last 303 days.
- Draw-down from High
- How far today sits below the 10-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.