Pibank vs Santander Bank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of Pibank vs. Santander Bank
As of September 5, 2025 Pibank offers an APY of 4.60% for its Pibank Savings account, with a minimum balance of $0.01, compared to Santander Bank's 0.03% APY for its Santander Savings account, with a minimum balance of $0.
Pibank yields $457 more than Santander Bank on a $10,000 balance after one year. Pibank pays $460, while Santander Bank pays $3 - an APY advantage for Pibank.
Pibank
Strengths
- Pibank offers a high APY of 4.60%, significantly higher than Santander Bank.
- Pibank has no maintenance fees for its savings account.
- Pibank requires no minimum deposit to open an account.
Potential Drawbacks
- Pibank has no physical branches for in-person banking.
- Pibank has low App Store rating of 2.4.
- Pibank has low Google Play rating of 1.8.
Santander Bank
Strengths
- Santander Bank has a higher BBB rating of A- compared to Pibank's A.
- Santander Bank has a strong App Store rating of 4.8.
- Santander Bank has a solid Google Play rating of 4.3.
Potential Drawbacks
- Santander Bank offers a low APY of 0.03%, much lower than Pibank.
- Santander Bank charges a $1 maintenance fee on its savings account.
- Santander Bank requires a minimum deposit of $25 to open an account.
Summary: Pibank's high-yield savings account features a competitive APY of 4.60% with no fees or minimum deposit, while Santander Bank's account offers only 0.03% APY with a $1 maintenance fee and a $25 minimum deposit. However, Santander has better BBB ratings and higher app ratings, indicating stronger customer satisfaction. Pibank lacks physical branches and has lower app ratings, which may concern some users.
Compare Pibank's vs Santander Bank's Savings Accounts
| Pibank | Santander Bank | ||
|---|---|---|---|
| Product | Pibank Savings | vs | Santander Savings |
| APY | 4.60% (as of 9/5/2025) | 0.03% (as of 9/5/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | No | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $25 | |
| Minimum Balance for APY | $0.01 | $0 | |
| Maintenance Fee | $0 | $1 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 2.4/5 | 4.8/5 | |
| Google Play Rating | 1.8/5 | 4.3/5 | |
| BBB Rating | A | A- |
Comparative Historical APY Insights (Last 7 Months)
| Pibank | Santander Bank | ||
|---|---|---|---|
| Product | Pibank Savings | vs | Santander Savings |
| Latest APY | 4.60 % | 0.03 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -0.0 | 0.0 | |
| Rate Changes / Mo | 0.00 | 0.00 | |
| Days Since Last Change | 203 | 203 | |
| High (-7 m) | 4.60 % | 0.03 % | |
| Low (-7 m) | 4.60 % | 0.03 % | |
| 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 7 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 (-7 m)
- Highest APY in the last 203 days.
- Low (-7 m)
- Lowest APY in the last 203 days.
- Draw-down from High
- How far today sits below the 7-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 Pibank vs Santander Bank
All calculations are based on APY.
Pibank
APY: 4.60%
Total savings breakdown:
- Interest earned: $2,825.8 (13.57%)
- Total contributions: $13,000 (62.42%)
- Initial deposit: $5,000 (24.01%)
Your total balance
$20,825.80
Effective APY: 4.60% (based on your deposit and contributions)
Total balance: $20,825.8
Earnings: $2,825.8
Bank OverviewSantander Bank
APY: 0.03%
Total savings breakdown:
- Interest earned: $17.2 (0.10%)
- Total contributions: $13,000 (72.15%)
- Initial deposit: $5,000 (27.75%)
Your total balance
$18,017.20
Effective APY: 0.03% (based on your deposit and contributions)
Total balance: $18,017.2
Earnings: $17.2
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Pibank's total earnings would be $2,808.6 higher than Santander Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Pibank's APY of 4.60% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Pibank vs Ally Bank | 3.50% | $0 |
| Pibank vs American Express | 3.50% | $0 |
| Pibank vs Axos Bank | 4.46% | $0 |
| Pibank vs Bank of America | 0.01% | $100 |
| Pibank vs Barclays | 4.10% | $0 |
| Pibank vs BrioDirect | 4.30% | $5,000 |
| Pibank vs Capital One | 3.50% | $0 |
| Pibank vs Chase Bank | 0.01% | $0 |
| Pibank vs Chime | 3.75% | $0 |
| Pibank vs CIT Bank | 4.00% | $100 |
| Pibank vs Discover Bank | 3.50% | $0 |
| Pibank vs Elevault | 4.60% | $0 |
| Pibank vs EverBank | 4.30% | $0 |
| Pibank vs Fitness Bank | 4.75% | $100 |
| Pibank vs FVCbank | 4.35% | $500 |
| Pibank vs GO2bank | 4.50% | $0 |
| Pibank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Pibank vs Neighbors Bank | 4.60% | $0 |
| Pibank vs Newtek Bank | 4.35% | $0 |
| Pibank vs Peak Bank | 4.35% | $100 |
| Pibank vs Presidential Bank | 4.50% | $5,000 |
| Pibank vs SoFi Bank | 3.80% | $0 |
| Pibank vs Synchrony Bank | 3.80% | $0 |
| Pibank vs TIMBR | 4.40% | $1,000 |
| Pibank vs UFB Direct | 4.21% | $5000 |
| Pibank vs Varo Bank | 5.00% | $0 |
| Pibank vs Wells Fargo | 2.51% | $25 |
| Pibank vs Zynlo Bank | 4.35% | $10 |