EverBank vs. Presidential Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
EverBank
Performance Savings
4.05%APYDec 6, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
EverBank
Performance Savings
Presidential Bank
Advantage Savings
Up to4.00%APYDec 6, 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.
Comparison Analysis
Comparing EverBank vs. Presidential Bank
Why EverBank?
- ✓No checking account or direct deposit required
Why Presidential Bank?
- ✓Higher rated iOS app (4.8 vs 2.3)
- ✓Higher rated Android app (4.1 vs 1.4)
— Key Feature Differences —
Best for Simplicity
EverBankEverBank's Performance Savings offers 4.05% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Presidential BankPresidential Bank offers an iOS app rated 4.8 (vs. 2.3) and Android app rated 4.1 (vs. 1.4)
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $5 more interest on a $10,000 balance than Presidential Bank's Advantage Savings.
Executive Summary
EverBank offers the highest APY of 4.05% on its online-only Performance Savings account, which requires no direct deposit or minimum balance, making it a straightforward choice for savers. In contrast, Presidential Bank's Advantage Savings account provides a slightly lower APY of 4.00%, but it requires a monthly direct deposit of $500 into an Advantage Checking Account, along with a minimum deposit of $5,000. While Presidential Bank boasts a superior mobile app experience, EverBank's product is more accessible due to its lack of direct deposit requirements and lower entry barriers.
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 EverBank and Presidential Bank.
| Feature | EverBank | Presidential Bank |
|---|---|---|
| APY | 4.05% Verified: 12/6/2025 ↘︎ 0.25%90d Change | 4.00% Range: 3.50% - 4.00% Verified: 12/6/2025 ↘︎ 0.50%90d Change |
| Product Name | Performance Savings | Advantage Savings |
| Minimum Deposit | $0 | $5,000 |
| Min. Balance for APY | $0 | N/A |
| Monthly Fee | $0 | $0 |
| Branch Access | None | Yes |
| Account Type | Online Only | 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 | iOS2.3 Android1.4 | iOS4.8 Android4.1 |
| BBB Rating | A+ | A- |
| Next Steps |
Savings Comparison
EverBank earns $32.3 more than Presidential Bank.
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$2,467.00(12.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,467.00
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.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Presidential Bank |
|---|---|---|
| Performance Savings | Advantage Savings | |
Current APY | 4.05% | 4.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.8 | -2.0 |
Days Since Change | 78 | 15 |
12-Month High | 4.75% | 4.50% |
12-Month Low | 4.05% | 4.00% |
Adjustments / Mo | 0.25 | 0.17 |
Volatility Score | 0.028 | 0.030 |
How to read these metrics(Click to expand)
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