Discover Bank vs Presidential Bank
High-Yield Savings Accounts Comparison
Last Updated: August 8, 2025
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Summary of Discover Bank vs. Presidential Bank
As of August 8, 2025 Discover Bank offers an APY of 3.50% for its Online Savings Account account, compared to Presidential Bank's 4.50% APY for its Advantage Savings account.
Presidential Bank yields $100 more than Discover Bank on a $10,000 balance after one year. Discover Bank pays $350, while Presidential Bank pays $450 - an APY advantage for Presidential Bank.
Discover Bank
Strengths
- Discover Bank offers an APY of 3.50%, stable over the last 30 days.
- Discover Bank has a higher BBB rating of A+ and is BBB Accredited.
- No minimum deposit or balance requirements for the Online Savings Account.
Potential Drawbacks
- Discover Bank has no physical branches.
- Discover Bank requires no direct deposit for its Online Savings Account.
Presidential Bank
Strengths
- Presidential Bank offers a higher APY of 4.50%, unchanged in the last 30 days.
- Presidential Bank has 10 physical branches in Maryland, Virginia, and Washington D.C.
- Presidential Bank's Advantage Savings Account has a low maintenance fee of $0.
Potential Drawbacks
- Presidential Bank's Advantage Savings requires a $5,000 minimum deposit.
- Presidential Bank has a lower BBB rating of B- and is not BBB Accredited.
- A monthly direct deposit of $500 is necessary to earn the higher APY.
Summary: Discover Bank provides a competitive APY of 3.50% with no minimum deposit or direct deposit requirements, but lacks physical branches. In contrast, Presidential Bank offers a higher APY of 4.50% with a minimum deposit requirement and a direct deposit condition, but has physical branches and a lower BBB rating. Customers may prefer Discover for accessibility and trustworthiness, while those seeking higher returns might favor Presidential despite its conditions.
Compare Discover Bank's vs Presidential Bank's Savings Accounts
| Discover Bank | Presidential Bank | ||
|---|---|---|---|
| Product | Online Savings Account | vs | Advantage Savings |
| APY | 3.50% (as of 8/8/2025) | 4.00% - 4.50% (as of 8/8/2025) | |
| 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 | 4.9/5 | 4.8/5 | |
| Google Play Rating | 4.3/5 | 4.2/5 | |
| BBB Rating | A+ | B- |
Comparative Historical APY Insights (Last 7 Months)
| Discover Bank | Presidential Bank | ||
|---|---|---|---|
| Product | Online Savings Account | vs | Advantage Savings |
| Latest APY | 3.50 % | 4.50 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.5 | 0.0 | |
| Rate Changes / Mo | 0.45 | 0.00 | |
| Days Since Last Change | 46 | 201 | |
| High (-7 m) | 3.75 % | 4.50 % | |
| Low (-7 m) | 3.50 % | 4.50 % | |
| Draw-down from High | -6.7 % | 0.0 % | |
| Volatility (CV) | 0.025 | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 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 (-7 m)
- Highest APY in the last 201 days.
- Low (-7 m)
- Lowest APY in the last 201 days.
- Draw-down from High
- How far today sits below the 7-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 Discover Bank vs Presidential Bank
All calculations are based on APY.
Discover Bank
APY: 3.50%
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewPresidential Bank
APY: 4.50%
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
Effective APY: 4.50% (based on your deposit and contributions)
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, Discover Bank's total earnings would be $646 lower than Presidential Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Discover Bank's APY of 3.50% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Discover Bank vs Ally Bank | 3.50% | $0 |
| Discover Bank vs American Express | 3.50% | $0 |
| Discover Bank vs Axos Bank | 4.46% | $0 |
| Discover Bank vs Bank of America | 0.01% | $100 |
| Discover Bank vs Barclays | 4.10% | $0 |
| Discover Bank vs Capital One | 3.50% | $0 |
| Discover Bank vs Chase Bank | 0.01% | $0 |
| Discover Bank vs Chime | 3.75% | $0 |
| Discover Bank vs CIT Bank | 4.00% | $100 |
| Discover Bank vs Fitness Bank | 4.85% | $100 |
| Discover Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Discover Bank vs SoFi Bank | 3.80% | $0 |
| Discover Bank vs Synchrony Bank | 3.80% | $0 |
| Discover Bank vs UFB Direct | 4.21% | $5000 |
| Discover Bank vs Varo Bank | 5.00% | $0 |
| Discover 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 | 3.50% | $0 |
| Presidential Bank vs Axos Bank | 4.46% | $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 Chase Bank | 0.01% | $0 |
| Presidential Bank vs Chime | 3.75% | $0 |
| Presidential Bank vs CIT Bank | 4.00% | $100 |
| Presidential Bank vs Fitness Bank | 4.85% | $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 UFB Direct | 4.21% | $5000 |
| Presidential Bank vs Varo Bank | 5.00% | $0 |
| Presidential Bank vs Wells Fargo | 2.51% | $25 |