Go2bank vs Presidential Bank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of GO2bank vs. Presidential Bank
As of 9/5/2025 both GO2bank (High Yield Savings) and Presidential Bank (Advantage Savings) offer an APY of 4.50% .
Both banks yield $450 in interest on a $10,000 balance after one year. Neither has an APY advantage, so consider other features (fees, access, app ratings, etc.) when choosing.
GO2bank
Strengths
- GO2bank offers a high yield savings account with a 4.50% APY, no minimum deposit required.
- GO2bank has a maintenance fee of $5 per month, which can be waived without direct deposit.
- GO2bank has a higher Google Play rating at 4.6 compared to Presidential Bank's 4.2.
Potential Drawbacks
- GO2bank is not BBB accredited and has no BBB rating.
- GO2bank's high yield savings account earns no interest on balances over $5,000.
Presidential Bank
Strengths
- Presidential Bank has 10 branch locations in Maryland, Virginia, and Washington D.C.
- Presidential Bank offers a competitive 4.50% APY with a direct deposit requirement of $500.
Potential Drawbacks
- Presidential Bank requires a minimum deposit of $5,000 to open the Advantage Savings account.
- Presidential Bank's Google Play rating is lower at 4.2 compared to GO2bank's 4.6.
Summary: Both GO2bank and Presidential Bank offer high yield savings accounts with a 4.50% APY. GO2bank has no minimum deposit requirement and a lower maintenance fee, but lacks branch locations and BBB accreditation. In contrast, Presidential Bank has physical branches and a solid BBB rating but requires a higher minimum deposit and has a lower Google Play rating. Users may prefer GO2bank for accessibility or Presidential Bank for local service.
Compare GO2bank's vs Presidential Bank's Savings Accounts
| GO2bank | Presidential Bank | ||
|---|---|---|---|
| Product | High Yield Savings | vs | Advantage Savings |
| APY | 4.50% (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 | Quarterly | Monthly | |
| Minimum Deposit | $0 | $5,000 | |
| Minimum Balance for APY | $0 | N/A | |
| Maintenance Fee | $5 per month, unless you set up direct deposit | $0 | |
| Direct Deposit Required | No | Yes. To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. | |
| Note | The 4.50% APY is up to $5,000. Balances above that earn no interest. | ||
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.6/5 | 4.2/5 | |
| BBB Rating | Not Rated | A- |
Comparative Historical APY Insights (Last 1 Month)
| GO2bank | Presidential Bank | ||
|---|---|---|---|
| Product | High Yield Savings | vs | Advantage Savings |
| Latest APY | 4.50 % | 4.50 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | 0.0 | |
| Rate Changes / Mo | 0.00 | 0.00 | |
| Days Since Last Change | 29 | 29 | |
| High (-1 m) | 4.50 % | 4.50 % | |
| Low (-1 m) | 4.50 % | 4.50 % | |
| Draw-down from High | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.000 | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 1 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 (-1 m)
- Highest APY in the last 30 days.
- Low (-1 m)
- Lowest APY in the last 30 days.
- Draw-down from High
- How far today sits below the 1-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 GO2bank vs Presidential Bank
All calculations are based on APY.
GO2bank
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 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, GO2bank's total earnings would be the same as Presidential Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare GO2bank's APY of 4.50% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| GO2bank vs Ally Bank | 3.50% | $0 |
| GO2bank vs American Express | 3.50% | $0 |
| GO2bank vs Axos Bank | 4.46% | $0 |
| GO2bank vs Bank of America | 0.01% | $100 |
| GO2bank vs Barclays | 4.10% | $0 |
| GO2bank vs BrioDirect | 4.30% | $5,000 |
| GO2bank vs Capital One | 3.50% | $0 |
| GO2bank vs Chase Bank | 0.01% | $0 |
| GO2bank vs Chime | 3.75% | $0 |
| GO2bank vs CIT Bank | 4.00% | $100 |
| GO2bank vs Discover Bank | 3.50% | $0 |
| GO2bank vs Elevault | 4.60% | $0 |
| GO2bank vs EverBank | 4.30% | $0 |
| GO2bank vs Fitness Bank | 4.75% | $100 |
| GO2bank vs FVCbank | 4.35% | $500 |
| GO2bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| GO2bank vs Neighbors Bank | 4.60% | $0 |
| GO2bank vs Newtek Bank | 4.35% | $0 |
| GO2bank vs Peak Bank | 4.35% | $100 |
| GO2bank vs Pibank | 4.60% | $0 |
| GO2bank vs Santander Bank | 0.03% | $25 |
| GO2bank vs SoFi Bank | 3.80% | $0 |
| GO2bank vs Synchrony Bank | 3.80% | $0 |
| GO2bank vs TIMBR | 4.40% | $1,000 |
| GO2bank vs UFB Direct | 4.21% | $5000 |
| GO2bank vs Varo Bank | 5.00% | $0 |
| GO2bank vs Wells Fargo | 2.51% | $25 |
| GO2bank vs Zynlo Bank | 4.35% | $10 |