Charles Schwab Bank vs. Presidential Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Charles Schwab Bank
Schwab Bank Investor Savings™
0.15%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppIn-Person AccessShow Fine Print & Trends Hide Details
Charles Schwab Bank
Schwab Bank Investor Savings™
Presidential Bank
Advantage Savings
Up to4.00%APYDec 10, 2025FDIC InsuredMod. MinimumDirect Deposit ReqChecking BundleGreat iOS AppGreat Android AppIn-Person AccessRange: 3.50% – 4.00%Show Fine Print & Trends Hide Details
Presidential Bank
Advantage Savings
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Charles Schwab Bank vs. Presidential Bank Savings Calculator
Presidential Bank earns $2,348.6 more than Charles Schwab Bank.
Charles Schwab Bank
Schwab Bank Investor Savings™
Savings Breakdown
- Interest Earned+$86.10(0.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,086.10
Presidential Bank
Advantage Savings
Savings Breakdown
- Interest Earned+$2,434.70(11.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,434.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. Presidential Bank
Why Charles Schwab Bank?
- ✓No checking account or direct deposit required
Why Presidential Bank?
- ✓Higher potential APY (4.00% vs 0.15%) (requires checking bundle & direct deposit)
- ✓Physical branch access (10 locations in Maryland, Virginia and Washington D.C.)
- ✓Higher rated Android app (4.1 vs 2.9)
— Key Feature Differences —
Better Returns at $10,000
Presidential BankPresidential Bank's Advantage Savings earns more on smaller deposits (approx. $400 vs $15/yr).
Better Returns at $25,000
Presidential BankPresidential Bank's Advantage Savings pulls ahead with larger amounts (approx. $1000 vs $38/yr).
Best for All-in-One Banking
Presidential BankPresidential Bank's Advantage Savings pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, Presidential Bank's Advantage Savings pays $385 more interest on a $10,000 balance than Charles Schwab Bank's Schwab Bank Investor Savings™.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Presidential Bank offers a significantly higher APY of 4.00% on its Advantage Savings account, which requires a monthly direct deposit of $500 into an Advantage Checking Account to earn this rate. In contrast, Charles Schwab Bank's Schwab Bank Investor Savings™ provides a much lower APY of 0.15% with no direct deposit requirement and no minimum deposit. While Schwab's account has no fees and is accessible without a checking account, the substantial difference in APY makes Presidential Bank the clear winner for those who can meet the direct deposit requirement.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Charles Schwab Bank and Presidential Bank.
| Feature | Charles Schwab Bank | Presidential Bank |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 4.00% Range: 3.50% - 4.00% Verified: 12/10/2025 ↘︎ 0.50%90d Change |
| Product Name | Schwab Bank Investor Savings™ | Advantage Savings |
| Minimum Deposit | $0 | $5,000 |
| Min. Balance for APY | $0.01 | N/A |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | Yes |
| Account Type | Online & Branches | Online & Branches |
| Direct Deposit Req. | None | RequiredTo earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.8 Android2.9 | iOS4.8 Android4.1 |
| BBB Rating | A+ | A- |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | Presidential Bank |
|---|---|---|
| Schwab Bank Investor Savings™ | Advantage Savings | |
Current APY | 0.15% | 4.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -2.7 |
Days Since Change | 314 | 19 |
10-Month High | 0.15% | 4.50% |
10-Month Low | 0.15% | 4.00% |
Adjustments / Mo | 0.00 | 0.19 |
Volatility Score | 0.000 | 0.033 |
How to read these metrics(Click to expand)
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