Openbank vs. Presidential Bank
Comparing Openbank and Presidential Bank for high-yield savings: Openbank's High-Yield Savings Account pays 4.09% APY while Presidential Bank's Advantage Savings pays 3.75% APY.
Note: Presidential Bank requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Openbank pays $34 more than Presidential Bank annually ($409 vs $375).
Choose Openbank if getting the best rate matters most, or you want a no-strings-attached account. Choose Presidential Bank if you value in-person banking, mobile app quality matters, or you want Zelle for quick transfers.
Important Considerations
Presidential Bank requires a checking account to unlock its top savings rate, while Openbank offers its savings account standalone.
| Metric | OpenbankHigh-Yield Savings Account Feb 21, 2026 | Presidential BankAdvantage Savings Feb 21, 2026 |
|---|---|---|
| APY | 4.09% | 3.25% - 3.75% |
Est. Earnings | $5,000+$205 $10,000+$409 $25,000+$1,023 | $5,000+$188 $10,000+$375 $25,000+$938 |
Min Deposit | $500 | $5,000 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsRate Changes Often | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedDirect Deposit ReqChecking BundleRate Changes Often |
Comparison Analysis
Comparing Openbank vs. Presidential Bank
Executive Summary
Openbank's High-Yield Savings Account stands out with an APY of 4.09%, offering better returns compared to Presidential Bank's Advantage Savings, which has a lower APY of 3.75%. Openbank's account requires a minimum deposit of $500 and does not mandate direct deposit, making it a more flexible option. In contrast, to earn the higher APY with Presidential Bank, customers must set up a $500 monthly direct deposit into an Advantage Checking Account, with a higher minimum deposit requirement of $5,000. Overall, Openbank provides a more straightforward savings solution without additional conditions.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Openbank?
- ✓Higher potential APY (4.09% vs 3.75%) on all balances
- ✓No checking account or direct deposit required
Why Presidential Bank?
- ✓Physical branch access (10 locations in Maryland, Virginia and Washington D.C.)
- ✓Higher rated iOS app (4.8 vs 3.1)
- ✓Higher rated Android app (4.2 vs 2.6)
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
OpenbankOpenbank's High-Yield Savings Account earns more on smaller deposits (approx. $409 vs $375/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1023 vs $938/yr).
Best for Simplicity
OpenbankOpenbank's High-Yield Savings Account offers 4.09% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Presidential BankPresidential Bank offers an iOS app rated 4.8 (vs. 3.1) and Android app rated 4.2 (vs. 2.6)
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $34 more interest on a $10,000 balance than Presidential Bank's Advantage Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Openbank vs. Presidential Bank Savings Calculator
You earn $34 more with Openbank than Presidential Bank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$409.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,409.00
Presidential Bank
Advantage Savings
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $374 per year in interest.
Both Openbank and Presidential Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Openbank | Presidential Bank |
|---|---|---|
| APY | 4.09% Verified: 2/21/2026 ↘︎ 0.11%90d Change | 3.75% Range: 3.25% - 3.75% Verified: 2/21/2026 ↘︎ 0.25%90d Change |
| Product Name | High-Yield Savings Account | Advantage Savings |
| Minimum Deposit | $500 | $5,000 |
| Min. Balance for APY | $0 | N/A |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Monthly | Monthly |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | None | 10 locations in Maryland, Virginia and Washington D.C. |
| 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 | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Native integration; Advantage Savings supports Zelle. |
| BBB Rating | A- | Not Rated |
| Next Steps | Visit SiteVerify at Openbank Non-sponsored link to official site | Visit SiteVerify at Presidential Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Openbank | Presidential Bank |
|---|---|---|
| High-Yield Savings Account | Advantage Savings | |
Current APY | 4.09% | 3.75% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.7 | -7.4 |
Days Since Change | 16 | 66 |
12-Month High | 4.75% | 4.50% |
12-Month Low | 4.09% | 3.75% |
Adjustments / Mo | 0.33 | 0.25 |
Volatility Score | 0.027 | 0.075 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Openbank's APY of 4.09% with other banks
Compare Presidential Bank's APY of 3.75% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Presidential Bank vs Ally Bank | 3.20% | $0 |
| Presidential Bank vs American Express | 3.30% | $0 |
| Presidential Bank vs Axos Bank | 4.21% | $0 |
| Presidential Bank vs Bank of America | 0.01% | $100 |
| Presidential Bank vs Barclays | 3.85% | $0 |
| Presidential Bank vs Capital One | 3.30% | $0 |
| Presidential Bank vs Chase Bank | 0.01% | $0 |
| Presidential Bank vs Chime | 3.00% | $0 |
| Presidential Bank vs CIT Bank | 3.75% | $100 |
| Presidential Bank vs Citibank | 3.20% | $0 |
| Presidential Bank vs Discover Bank | 3.30% | $0 |
| Presidential Bank vs EverBank | 3.90% | $0 |
| Presidential Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Presidential Bank vs Newtek Bank | 4.20% | $0.01 |
| Presidential Bank vs Pibank | 4.60% | $0 |
| Presidential Bank vs SoFi Bank | 4.00% | $0 |
| Presidential Bank vs Synchrony Bank | 3.50% | $0 |
| Presidential Bank vs Varo Bank | 5.00% | $0 |
| Presidential Bank vs Wealthfront | 3.95% | $0 |
| Presidential Bank vs Wells Fargo | 0.05% | $25 |