Openbank vs. Presidential Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
We earn a commission if you open an account through some links on this page.
Summary of Openbank vs. Presidential Bank
Key Metrics at a Glance
| Feature | Openbank | Presidential Bank |
|---|---|---|
| Top Savings APY | 4.20% High-Yield Savings Account | 4.25% Advantage Savings |
| Minimum to Open | $500 | $5,000 |
| Minimum Balance for Top APY | $0 | N/A |
Openbank
Strengths
- Openbank offers a higher APY of 4.20% compared to Presidential Bank's 4.25%.
- No minimum balance requirement for Openbank's High-Yield Savings Account.
- Openbank has no maintenance fees.
Potential Drawbacks
- Openbank has no physical branches for in-person banking.
- Openbank's App Store and Google Play ratings are lower at 3.2.
- Openbank is not rated by the BBB.
Presidential Bank
Strengths
- Presidential Bank has 10 physical branches for customer convenience.
- Presidential Bank has a higher BBB rating of A-.
- Presidential Bank's App Store rating is higher at 4.8.
Potential Drawbacks
- Presidential Bank requires a monthly direct deposit of $500 to earn the higher APY.
- Presidential Bank's current APY is lower at 4.25%, down from 4.50% last month.
- Presidential Bank has a higher minimum deposit requirement of $5,000.
→ As of November 12, 2025 Openbank offers an APY of 4.20% for its High-Yield Savings Account, with a minimum balance of $0, compared to Presidential Bank's 4.25% APY for its Advantage Savings account, with a minimum balance of N/A.
→ Presidential Bank yields $5 more than Openbank on a $10,000 balance after one year. Openbank pays $420, while Presidential Bank pays $425 - an APY advantage for Presidential Bank.
Calculate Savings Growth for Openbank vs Presidential Bank
Openbank - High-Yield Savings Account
Total savings breakdown:
- Interest earned: $2,564.3 (12.47%)
- Total contributions: $13,000 (63.22%)
- Initial deposit: $5,000 (24.31%)
Your total balance
$20,564.30
Total balance: $20,564.3
Earnings: $2,564.3
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, Openbank's total earnings would be $32.5 lower than Presidential Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Openbank's vs Presidential Bank's Savings Accounts
| Openbank | Presidential Bank | ||
|---|---|---|---|
| Product | High-Yield Savings Account | vs | Advantage Savings |
| APY | 4.20% (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 | Monthly | Monthly | |
| Minimum Deposit | $500 | $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 | 3.2/5 | 4.8/5 | |
| Google Play Rating | 3.2/5 | 4.1/5 | |
| BBB Rating | Not Rated | A- |
Comparative Historical APY Insights (Last 9 Months)
| Openbank | Presidential Bank | ||
|---|---|---|---|
| Product | High-Yield Savings Account | vs | Advantage Savings |
| Latest APY | 4.20 % | 4.25 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.0 | -0.6 | |
| Rate Changes / Mo | 0.35 | 0.12 | |
| Days Since Last Change | 114 | 7 | |
| High (-9 m) | 4.75 % | 4.50 % | |
| Low (-9 m) | 4.20 % | 4.25 % | |
| Draw-down from High | -11.6 % | -5.6 % | |
| Volatility (CV) | 0.028 | 0.011 |
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 260 days.
- Low (-9 m)
- Lowest APY in the last 260 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.