Presidential Bank vs Santander Bank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
We earn a commission if you open an account through some links on this page.
Summary of Presidential Bank vs. Santander Bank
As of September 5, 2025 Presidential Bank offers an APY of 4.50% for its Advantage Savings account, with a minimum balance of N/A, compared to Santander Bank's 0.03% APY for its Santander Savings account, with a minimum balance of $0.
Presidential Bank yields $447 more than Santander Bank on a $10,000 balance after one year. Presidential Bank pays $450, while Santander Bank pays $3 - an APY advantage for Presidential Bank.
Presidential Bank
Strengths
- Advantage Savings offers a competitive APY of 4.50%.
- No maintenance fees for the Advantage Savings account.
- Presidential Bank has 10 branches across Maryland, Virginia, and D.C.
Potential Drawbacks
- Requires a $5,000 minimum deposit for Advantage Savings.
- Monthly direct deposit of $500 is necessary to earn the higher APY.
- Not BBB accredited.
Santander Bank
Strengths
- Santander Savings has a low minimum deposit of $25.
- No direct deposit requirement for the Santander Savings account.
- Santander Bank has a slightly higher Google Play rating of 4.3.
Potential Drawbacks
- Current APY for Santander Savings is only 0.03%.
- Santander Savings has a $1 monthly maintenance fee.
- Branches are primarily located in the Northeast and Miami.
Compare Presidential Bank's vs Santander Bank's Savings Accounts
| Presidential Bank | Santander Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Santander Savings |
| APY | 4.00% - 4.50% (as of 9/5/2025) | 0.03% (as of 9/5/2025) | |
| Bundled Account | Yes | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | No | |
| Compound Frequency | Monthly | Daily | |
| Minimum Deposit | $5,000 | $25 | |
| Minimum Balance for APY | N/A | $0 | |
| Maintenance Fee | $0 | $1 | |
| Direct Deposit Required | Yes. To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. | No | |
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.2/5 | 4.3/5 | |
| BBB Rating | A- | A- |
Comparative Historical APY Insights (Last 7 Months)
| Presidential Bank | Santander Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Santander Savings |
| Latest APY | 4.50 % | 0.03 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | 0.0 | |
| Rate Changes / Mo | 0.00 | 0.00 | |
| Days Since Last Change | 226 | 226 | |
| High (-7 m) | 4.50 % | 0.03 % | |
| Low (-7 m) | 4.50 % | 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 226 days.
- Low (-7 m)
- Lowest APY in the last 226 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 Presidential Bank vs Santander Bank
Presidential Bank
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
Total balance: $20,760.1
Earnings: $2,760.1
Bank OverviewSantander Bank
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
Total balance: $18,017.2
Earnings: $17.2
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Presidential Bank's total earnings would be $2,742.9 higher than Santander Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.