Everbank vs. Presidential Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of EverBank vs. Presidential Bank
Key Metrics at a Glance
| Feature | EverBank | Presidential Bank |
|---|---|---|
| Top Savings APY | 4.05% Performance Savings | 4.50% Advantage Savings |
| Minimum to Open | $0 | $5,000 |
| Minimum Balance for Top APY | $0 | N/A |
EverBank
Strengths
- EverBank offers a competitive APY of 4.05%, unchanged from 30 days ago.
- No minimum deposit or balance required for the Performance Savings account.
- No maintenance fees for the Performance Savings account.
Potential Drawbacks
- EverBank has a low App Store rating of 2.3 and Google Play rating of 1.8.
- Limited branch locations with only 11 in Florida and California.
- Not accredited by the BBB despite an A+ rating.
Presidential Bank
Strengths
- Presidential Bank provides a higher APY of 4.50%, stable over the last 30 days.
- Higher App Store rating of 4.8 and Google Play rating of 4.2.
- Offers 10 branch locations across Maryland, Virginia, and Washington D.C.
Potential Drawbacks
- Minimum deposit of $5,000 required for the Advantage Savings account.
- Direct deposit of $500 into an Advantage Checking Account is needed for the higher APY.
- Not accredited by the BBB with an A- rating.
→ As of October 21, 2025 EverBank offers an APY of 4.05% for its Performance 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 EverBank on a $10,000 balance after one year. EverBank pays $405, while Presidential Bank pays $450 - an APY advantage for Presidential Bank.
Calculate Savings Growth for EverBank vs Presidential Bank
EverBank - Performance Savings
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 - Advantage Savings
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, EverBank'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 EverBank's vs Presidential Bank's Savings Accounts
| EverBank | Presidential Bank | ||
|---|---|---|---|
| Product | Performance Savings | vs | Advantage Savings |
| APY | 4.05% (as of 10/21/2025) | 4.00% - 4.50% (as of 10/21/2025) | |
| 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 | 2.3/5 | 4.8/5 | |
| Google Play Rating | 1.8/5 | 4.2/5 | |
| BBB Rating | A+ | A- |
Comparative Historical APY Insights (Last 10 Months)
| EverBank | Presidential Bank | ||
|---|---|---|---|
| Product | Performance Savings | vs | Advantage Savings |
| Latest APY | 4.05 % | 4.50 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -1.9 | 0.0 | |
| Rate Changes / Mo | 0.29 | 0.00 | |
| Days Since Last Change | 32 | 306 | |
| High (-10 m) | 4.75 % | 4.50 % | |
| Low (-10 m) | 4.05 % | 4.50 % | |
| Draw-down from High | -14.7 % | 0.0 % | |
| Volatility (CV) | 0.021 | 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 308 days.
- Low (-10 m)
- Lowest APY in the last 308 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.