Chase Bank vs Presidential Bank
High-Yield Savings Accounts Comparison
Last Updated: July 15, 2025
Summary of Chase Bank vs. Presidential Bank
As of July 15, 2025 Chase Bank offers an APY of 0.01% for its Chase Savings℠ account, compared to Presidential Bank's 4.50% APY for its Advantage Savings account.
Presidential Bank yields $449 more than Chase Bank on a $10,000 balance after one year. Chase Bank pays $1, while Presidential Bank pays $450 - an APY advantage for Presidential Bank.
Chase Bank
Strengths
- Chase Bank has an A- BBB rating, indicating higher trustworthiness than Presidential Bank.
- Chase Savings℠ has no minimum deposit requirement, making it accessible to more customers.
- Chase Bank has a higher App Store rating of 4.8 compared to Presidential Bank's 4.8.
Potential Drawbacks
- Chase Savings℠ offers a low APY of 0.01%, significantly less than Presidential Bank's offerings.
- Chase Bank charges a $5 maintenance fee unless certain conditions are met.
Presidential Bank
Strengths
- Presidential Bank's Advantage Savings offers a competitive APY of 4.5%, unchanged from 30 days ago.
- Presidential Bank has 10 physical branches, providing in-person banking options.
Potential Drawbacks
- Presidential Bank's Advantage Savings requires a $5,000 minimum deposit to open an account.
- Presidential Bank has a B- BBB rating and is not BBB Accredited, indicating lower trustworthiness.
Summary: Chase Bank offers a more accessible savings account with no minimum deposit and a higher BBB rating, but its APY is significantly lower at 0.01%. In contrast, Presidential Bank provides a high APY of 4.5% with a $5,000 minimum deposit requirement, but has a lower BBB rating and fewer app ratings. Both banks have strong app ratings, but Chase's is slightly better.
Compare Chase Bank's vs Presidential Bank's Savings Accounts
| Chase Bank | Presidential Bank | ||
|---|---|---|---|
| Product | Chase Savings℠ | vs | Advantage Savings |
| APY | 0.01% (as of 7/15/2025) | 4.00% - 4.50% (as of 7/16/2025) | |
| Bundled Account | No | Yes | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | No | |
| Compound Frequency | Monthly | Monthly | |
| Minimum Deposit | $0 | $5,000 | |
| Minimum Balance for APY | $0 | N/A | |
| Maintenance Fee | $5 | $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 maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. | N/A | |
| Visit Bank | Chase Savings℠ | Advantage Savings | |
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.5/5 | 4.2/5 | |
| BBB Rating | A- | B- |
Comparative Historical APY Insights (Last 6 Months)
| Chase Bank | Presidential Bank | ||
|---|---|---|---|
| Product | Chase 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 | 168 | 168 | |
| High (-6 m) | 0.01 % | 4.50 % | |
| Low (-6 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 6 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 (-6 m)
- Highest APY in the last 168 days.
- Low (-6 m)
- Lowest APY in the last 168 days.
- Draw-down from High
- How far today sits below the 6-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.
Calculate Savings Growth for Chase Bank vs Presidential Bank
All calculations are based on APY.
Chase Bank
APY: 0.01%
Total savings breakdown:
- Interest earned: $0.1 (0.01%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (99.99%)
Your total balance
$1,000.10
Effective APY: 0.01% (based on your deposit and contributions)
Total balance: $1,000.1
Earnings: $0.1
Bank DetailsPresidential Bank
APY: 4.50%
Total savings breakdown:
- Interest earned: $45 (4.31%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (95.69%)
Your total balance
$1,045.00
Effective APY: 4.50% (based on your deposit and contributions)
Total balance: $1,045
Earnings: $45
Bank DetailsAfter 1 year Chase Bank would earn you $44.9 less than Presidential Bank.
More Comparisons
Compare Chase Bank's APY of 0.01% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Chase Bank vs Ally Bank | 3.50% | $0 |
| Chase Bank vs American Express | 3.60% | $0 |
| Chase Bank vs Axos Bank | 4.66% | $0 |
| Chase Bank vs Bank of America | 0.01% | $100 |
| Chase Bank vs Barclays | 4.10% | $0 |
| Chase Bank vs Capital One | 3.50% | $0 |
| Chase Bank vs Chime | 3.75% | $0 |
| Chase Bank vs CIT Bank | 4.00% | $100 |
| Chase Bank vs Discover Bank | 3.50% | $0 |
| Chase Bank vs Fitness Bank | 5.00% | $100 |
| Chase Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Chase Bank vs SoFi Bank | 3.80% | $0 |
| Chase Bank vs Synchrony Bank | 3.80% | $0 |
| Chase Bank vs Varo Bank | 5.00% | $0 |
| Chase Bank vs Wells Fargo | 2.51% | $25 |
Compare Presidential Bank's APY of 4.50% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Presidential Bank vs Ally Bank | 3.50% | $0 |
| Presidential Bank vs American Express | 3.60% | $0 |
| Presidential Bank vs Axos Bank | 4.66% | $0 |
| Presidential Bank vs Bank of America | 0.01% | $100 |
| Presidential Bank vs Barclays | 4.10% | $0 |
| Presidential Bank vs Capital One | 3.50% | $0 |
| Presidential Bank vs Chime | 3.75% | $0 |
| Presidential Bank vs CIT Bank | 4.00% | $100 |
| Presidential Bank vs Discover Bank | 3.50% | $0 |
| Presidential Bank vs Fitness Bank | 5.00% | $100 |
| Presidential Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Presidential Bank vs SoFi Bank | 3.80% | $0 |
| Presidential Bank vs Synchrony Bank | 3.80% | $0 |
| Presidential Bank vs Varo Bank | 5.00% | $0 |
| Presidential Bank vs Wells Fargo | 2.51% | $25 |