Everbank vs Presidential Bank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of EverBank vs. Presidential Bank
As of September 5, 2025 EverBank offers an APY of 4.30% 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 $20 more than EverBank on a $10,000 balance after one year. EverBank pays $430, while Presidential Bank pays $450 - an APY advantage for Presidential Bank.
EverBank
Strengths
- EverBank offers a higher APY of 4.30% compared to Presidential Bank's 4.50%.
- No direct deposit requirement for EverBank's Performance Savings account.
- EverBank has no maintenance fees or minimum balance requirements.
Potential Drawbacks
- EverBank has a lower App Store rating of 2.3 compared to Presidential Bank's 4.8.
- EverBank has fewer branches, with only 11 locations in Florida and California.
- EverBank is not BBB Accredited despite having an A+ rating.
Presidential Bank
Strengths
- Presidential Bank has a higher App Store rating of 4.8.
- Presidential Bank offers a competitive APY of 4.50%, unchanged from 30 days ago.
- Presidential Bank has 10 branches across Maryland, Virginia, and Washington D.C.
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- compared to EverBank's A+.
- Presidential Bank requires a minimum deposit of $5,000 for the Advantage Savings account.
Summary: EverBank provides a higher APY of 4.30% with no direct deposit requirement, while Presidential Bank offers a slightly higher APY of 4.50% but requires a monthly direct deposit. EverBank has a lower App Store rating and fewer branches compared to Presidential Bank, which boasts a higher App Store rating and more locations. However, Presidential Bank's minimum deposit requirement may deter some customers.
Compare EverBank's vs Presidential Bank's Savings Accounts
| EverBank | Presidential Bank | ||
|---|---|---|---|
| Product | Performance Savings | vs | Advantage Savings |
| APY | 4.30% (as of 9/5/2025) | 4.00% - 4.50% (as of 9/5/2025) | |
| 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 | 2.6/5 | 4.2/5 | |
| BBB Rating | A+ | A- |
Comparative Historical APY Insights (Last 9 Months)
| EverBank | Presidential Bank | ||
|---|---|---|---|
| Product | Performance Savings | vs | Advantage Savings |
| Latest APY | 4.30 % | 4.50 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -0.6 | 0.0 | |
| Rate Changes / Mo | 0.23 | 0.00 | |
| Days Since Last Change | 231 | 260 | |
| High (-9 m) | 4.75 % | 4.50 % | |
| Low (-9 m) | 4.30 % | 4.50 % | |
| Draw-down from High | -9.5 % | 0.0 % | |
| Volatility (CV) | 0.010 | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 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 (-9 m)
- Highest APY in the last 262 days.
- Low (-9 m)
- Lowest APY in the last 262 days.
- Draw-down from High
- How far today sits below the 9-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 EverBank vs Presidential Bank
All calculations are based on APY.
EverBank
APY: 4.30%
Total savings breakdown:
- Interest earned: $2,629.4 (12.75%)
- Total contributions: $13,000 (63.02%)
- Initial deposit: $5,000 (24.24%)
Your total balance
$20,629.40
Effective APY: 4.30% (based on your deposit and contributions)
Total balance: $20,629.4
Earnings: $2,629.4
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, EverBank's total earnings would be $130.7 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 EverBank's APY of 4.30% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| EverBank vs Ally Bank | 3.50% | $0 |
| EverBank vs American Express | 3.50% | $0 |
| EverBank vs Axos Bank | 4.46% | $0 |
| EverBank vs Bank of America | 0.01% | $100 |
| EverBank vs Barclays | 4.10% | $0 |
| EverBank vs BrioDirect | 4.30% | $5,000 |
| EverBank vs Capital One | 3.50% | $0 |
| EverBank vs Chase Bank | 0.01% | $0 |
| EverBank vs Chime | 3.75% | $0 |
| EverBank vs CIT Bank | 4.00% | $100 |
| EverBank vs Discover Bank | 3.50% | $0 |
| EverBank vs Elevault | 4.60% | $0 |
| EverBank vs Fitness Bank | 4.75% | $100 |
| EverBank vs FVCbank | 4.35% | $500 |
| EverBank vs GO2bank | 4.50% | $0 |
| EverBank vs Marcus by Goldman Sachs | 3.65% | $0 |
| EverBank vs Neighbors Bank | 4.60% | $0 |
| EverBank vs Newtek Bank | 4.35% | $0 |
| EverBank vs Peak Bank | 4.35% | $100 |
| EverBank vs Pibank | 4.60% | $0 |
| EverBank vs Santander Bank | 0.03% | $25 |
| EverBank vs SoFi Bank | 3.80% | $0 |
| EverBank vs Synchrony Bank | 3.80% | $0 |
| EverBank vs TIMBR | 4.40% | $1,000 |
| EverBank vs UFB Direct | 4.21% | $5000 |
| EverBank vs Varo Bank | 5.00% | $0 |
| EverBank vs Wells Fargo | 2.51% | $25 |
| EverBank vs Zynlo Bank | 4.35% | $10 |