Ivy Bank vs. Presidential Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Ivy Bank vs. Presidential Bank
Key Metrics at a Glance
| Feature | Ivy Bank | Presidential Bank |
|---|---|---|
| Top Savings APY | 4.25% High-Yield Savings Account | 4.25% Advantage Savings |
| Minimum to Open | $2,500 | $5,000 |
| Minimum Balance for Top APY | $2,500 | N/A |
Ivy Bank
Strengths
- Ivy Bank offers a competitive APY of 4.25%, with no lower APY conditions.
- No maintenance fees for Ivy Bank's High-Yield Savings Account.
- Ivy Bank has an App Store rating of 4.7.
Potential Drawbacks
- Ivy Bank has no physical branches, limiting in-person access.
- Ivy Bank requires a minimum deposit of $2,500 to open an account.
- Ivy Bank's Google Play rating is lower at 3.5.
Presidential Bank
Strengths
- Presidential Bank has 10 physical branches for customer convenience.
- Presidential Bank's Advantage Savings offers a competitive APY of 4.25%.
- Presidential Bank has a higher Google Play rating of 4.1.
Potential Drawbacks
- To earn the higher APY, Presidential Bank requires a monthly direct deposit of $500.
- Presidential Bank's minimum deposit to open an account is $5,000.
- Presidential Bank's APY decreased from 4.5% over the last 30 days.
→ As of 11/12/2025 both Ivy Bank (High-Yield Savings Account) and Presidential Bank (Advantage Savings) offer an APY of 4.25% .
→ Both banks yield $425 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.
Calculate Savings Growth for Ivy Bank vs Presidential Bank
Ivy Bank - High-Yield Savings Account
Total savings breakdown:
- Interest earned: $2,596.8 (12.61%)
- Total contributions: $13,000 (63.12%)
- Initial deposit: $5,000 (24.28%)
Your total balance
$20,596.80
Total balance: $20,596.8
Earnings: $2,596.8
Bank OverviewPresidential Bank - Advantage Savings
Total savings breakdown:
- Interest earned: $2,596.8 (12.61%)
- Total contributions: $13,000 (63.12%)
- Initial deposit: $5,000 (24.28%)
Your total balance
$20,596.80
Total balance: $20,596.8
Earnings: $2,596.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Ivy Bank'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.
Compare Ivy Bank's vs Presidential Bank's Savings Accounts
| Ivy Bank | Presidential Bank | ||
|---|---|---|---|
| Product | High-Yield Savings Account | vs | Advantage Savings |
| APY | 0.05% - 4.25% (as of 11/12/2025) | 3.75% - 4.25% (as of 11/12/2025) | |
| Bundled Account | No | Yes | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | No | |
| Compound Frequency | Daily | Monthly | |
| Minimum Deposit | $2,500 | $5,000 | |
| Minimum Balance for APY | $2,500 | 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. | |
| Eligibility | Residents of California and U.S. Territories (except District of Columbia) are ineligible to apply. | United States | |
| App Store Rating | 4.7/5 | 4.8/5 | |
| Google Play Rating | 3.5/5 | 4.1/5 | |
| BBB Rating | A- | A- |
No historical data available.