Presidential Bank vs. SoFi Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Presidential BankAdvantage Savings Jan 21, 2026 | SoFi BankSoFi Savings Jan 21, 2026 |
|---|---|---|
| APY | 3.25% - 3.75% | 3.30% - 4.00% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$183 $10,000+$365 $25,000+$913 |
Min Deposit | $5,000 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | Limited offer: The 4.00% includes a temporary 0.70% APY boost for 6 months. It is available with a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with a checking account with a 0.50% APY. |
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedDirect Deposit ReqChecking Bundle | FDIC InsuredNo MinimumsGreat iOS AppZelle® SupportedChecking Bundle |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
Comparison Analysis
Comparing Presidential Bank vs. SoFi Bank
As of Presidential Bank offers an APY of 3.75% for its Advantage Savings account, with a minimum balance of N/A, compared to SoFi Bank's 4.00% APY for its SoFi Savings account, with a minimum balance of $0.
Presidential Bank pays $10 more than SoFi Bank on a $10,000 balance after one year. Presidential Bank pays $375, while SoFi Bank pays $365 (with an effective APY of 3.65%) - an APY advantage for Presidential Bank.
Why Presidential Bank?
- ✓Physical branch access (10 locations in Maryland, Virginia and Washington D.C.)
Why SoFi Bank?
- ✓Earn a $50 bonus with $1,000+ in direct deposits, or $300 with $5,000+.
- ✓Earn 0.50% APY on checking account with access to 55,000+ fee free ATMs
- ✓Higher potential APY (4.00% vs 3.75%) for a duration of 6 months (requires checking bundle)
— Key Feature Differences —
Requires Banking Relationship
Both banks require a checking account bundle and qualifying requirements to access their highest rates.
Shared Benefits
Over a 1-year period, Presidential Bank's Advantage Savings pays $10 more interest on a $10,000 balance than SoFi Bank's SoFi Savings.
*This comparison accounts for SoFi Bank's introductory promotional rate, yet Presidential Bank's standard rate still yields a higher 1-year return.
Executive Summary as of
SoFi Bank offers a competitive Advantage with its SoFi Savings account, featuring a higher APY of 4.00%, which includes a temporary 0.70% boost for the first six months. This account does not require direct deposit, although an alternative subscription fee of $10/month applies. In contrast, Presidential Bank's Advantage Savings account provides a lower APY of 3.75%, contingent upon a monthly direct deposit of $500 into an Advantage Checking Account. Both banks have no maintenance fees and are FDIC insured, but SoFi's account is online-only, while Presidential Bank offers more traditional access.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Presidential Bank vs. SoFi Bank Savings Calculator
You earn $10.1 more with Presidential Bank than SoFi 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.
Presidential Bank
Advantage Savings
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
SoFi Bank
SoFi Savings
Promo Rate: 4.00% for 6 months, then 3.30%.
Savings Breakdown
- Interest Earned+$364.90(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,364.90
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Presidential Bank | SoFi Bank |
|---|---|---|
| APY | 3.75% Range: 3.25% - 3.75% Verified: 1/21/2026 ↘︎ 0.75%90d Change | 4.00% Range: 3.30% - 4.00% Verified: 1/21/2026 ↘︎ 0.50%90d Change |
| Product Name | Advantage Savings | SoFi Savings |
| Minimum Deposit | $5,000 | $0 |
| Min. Balance for APY | N/A | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | RequiredTo earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. | While direct deposit is not required, the alternative is a subscription fee of $10/month |
| Checking Bundle | Yes | Yes |
| Mobile Apps | iOS4.8 Android4.2 | iOS4.8 Android3.9 |
| Zelle® Support | Available Native integration; Advantage Savings supports Zelle. | Available Native support added in 2024 for banking members. |
| BBB Rating | A- | A+ |
| Important Notes | - | Limited offer: The 4.00% includes a temporary 0.70% APY boost for 6 months. It is available with a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with a checking account with a 0.50% APY. |
| Next Steps | Visit SiteVerify at Presidential Bank Non-sponsored link to official site | Visit SiteVerify at SoFi Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Presidential Bank | SoFi Bank |
|---|---|---|
| Advantage Savings | SoFi Savings | |
Current APY | 3.75% | 4.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -5.5 | 5.2 |
Days Since Change | 35 | 29 |
12-Month High | 4.50% | 4.50% |
12-Month Low | 3.75% | 3.80% |
Adjustments / Mo | 0.25 | 0.33 |
Volatility Score | 0.063 | 0.070 |
How to read these metrics(Click to expand)
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