Discover Bank vs Presidential Bank
High-Yield Savings Accounts Comparison

Last Updated: August 29, 2025

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Summary of Discover Bank vs. Presidential Bank

As of August 29, 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 a competitive APY of 3.50% with no direct deposit requirement.
  • Discover Bank has an excellent BBB rating of A+ and is BBB Accredited.
  • Discover Bank has a high App Store rating of 4.9.

Potential Drawbacks

  • Discover Bank has no physical branches for in-person banking.

Presidential Bank

Strengths

  • Presidential Bank provides a higher APY of 4.50% for its Advantage Savings account.
  • Presidential Bank has 10 physical branches in Maryland, Virginia, and Washington D.C.
  • Presidential Bank's App Store rating is 4.8.

Potential Drawbacks

  • Presidential Bank requires a monthly direct deposit of $500 to earn the higher APY.
  • Presidential Bank has a lower BBB rating of A- and is not BBB Accredited.
Summary: Discover Bank offers a solid 3.50% APY with no direct deposit requirement and an A+ BBB rating, but lacks physical branches. In contrast, Presidential Bank provides a higher 4.50% APY with a direct deposit condition and has physical branches, but has a lower BBB rating of A- and is not accredited. Both banks have strong App Store ratings.

Compare Discover Bank's vs Presidential Bank's Savings Accounts

Discover BankPresidential Bank
ProductOnline Savings AccountvsAdvantage Savings
APY
3.50% (as of 8/29/2025)4.00% - 4.50% (as of 8/29/2025)
Bundled Account
NoYes
FDIC-insured
YesYes
Online OnlyYesNo
Compound Frequency
DailyMonthly
Minimum Deposit$0$5,000
Minimum Balance for APY$0N/A
Maintenance Fee$0$0
Direct Deposit Required
NoYes. To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.
App Store Rating4.9/54.8/5
Google Play Rating4.3/54.2/5
BBB RatingA+A-

Comparative Historical APY Insights (Last 7 Months)

Discover BankPresidential Bank
ProductOnline Savings AccountvsAdvantage Savings
Latest APY3.50 %4.50 %
TrendSidewaysSideways
Slope (bps/mo)-4.30.0
Rate Changes / Mo0.410.00
Days Since Last Change65220
High (-7 m)3.75 %4.50 %
Low (-7 m)3.50 %4.50 %
Draw-down from High-6.7 %0.0 %
Volatility (CV)0.0260.000
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 220 days.
Low (-7 m)
Lowest APY in the last 220 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 Overview

Presidential 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 Overview

With 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
Compare Presidential Bank's APY of 4.50% with other banks