Presidential Bank vs. Sofi Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Presidential Bank vs. SoFi Bank
Key Metrics at a Glance
| Feature | Presidential Bank | SoFi Bank |
|---|---|---|
| Top Savings APY | 4.25% Advantage Savings | 4.30% SoFi Savings |
| Minimum to Open | $5,000 | $0 |
| Minimum Balance for Top APY | N/A | $0 |
| Note | Limited offer: you can earn a 0.70% APY boost for 6 months, making the total APY 4.30%. This requires either 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. |
Presidential Bank
Strengths
- Presidential Bank offers a higher current APY of 4.25% compared to SoFi Bank's 4.30%.
- Presidential Bank has 10 branches in Maryland, Virginia, and Washington D.C.
- Presidential Bank's App Store rating is 4.8, matching SoFi Bank.
Potential Drawbacks
- To earn the 4.25% APY, a monthly direct deposit of $500 is required.
- The APY for Presidential Bank decreased from 4.50% over the past 30 days.
- Presidential Bank is not BBB Accredited, rated A-.
SoFi Bank
Strengths
- SoFi Bank has a higher BBB rating of A+ compared to Presidential Bank.
- SoFi Bank has no minimum deposit or balance requirements.
- SoFi Bank's current APY is 4.30%, with a potential boost to 4.30% for 6 months.
Potential Drawbacks
- SoFi Bank does not have any physical branches.
- SoFi Bank's APY decreased from 4.50% in the last 30 days.
- To earn the higher APY, a direct deposit or subscription is required.
Summary: Presidential Bank offers a competitive APY of 4.25% with branch access but requires a direct deposit for that rate. SoFi Bank has a slightly higher APY of 4.30% but lacks physical branches and requires a direct deposit or subscription for the best rate. Additionally, SoFi Bank has a superior BBB rating of A+, while Presidential Bank is rated A- and is not accredited.
→ As of November 12, 2025 Presidential Bank offers an APY of 4.25% for its Advantage Savings account, with a minimum balance of N/A, compared to SoFi Bank's 4.30% APY for its SoFi Savings account, with a minimum balance of $0.
→ SoFi Bank yields $5 more than Presidential Bank on a $10,000 balance after one year. Presidential Bank pays $425, while SoFi Bank pays $430 - an APY advantage for SoFi Bank.
Calculate Savings Growth for Presidential Bank vs SoFi Bank
All calculations are based on APY.
Presidential Bank - Advantage Savings
Top APY: 4.25%
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
Effective APY: 4.25% (based on your deposit and contributions)
Total balance: $20,596.8
Earnings: $2,596.8
Bank OverviewSoFi Bank - SoFi Savings
Top APY: 4.30%
Total savings breakdown:
- Interest earned: $2,629.4 (12.75%)
- Total contributions: $13,000 (63.02%)
- Initial deposit: $5,000 (24.24%)
Your total balance
$20,629.40
Effective APY: 4.30% (based on your deposit and contributions)
Total balance: $20,629.4
Earnings: $2,629.4
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Presidential Bank's total earnings would be $32.6 lower than SoFi Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Presidential Bank's vs SoFi Bank's Savings Accounts
| Presidential Bank | SoFi Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | SoFi Savings |
| APY | 3.75% - 4.25% (as of 11/12/2025) | 4.30% (as of 11/12/2025) | |
| Bundled Account | Yes | Yes | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | Yes | |
| Compound Frequency | Monthly | Daily | |
| Minimum Deposit | $5,000 | $0 | |
| Minimum Balance for APY | N/A | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | Yes. To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. | No. Without direct deposit or "Qualifying Deposits" the APY will be significantly lower | |
| Note | Limited offer: you can earn a 0.70% APY boost for 6 months, making the total APY 4.30%. This requires either 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. | ||
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.1/5 | 4.1/5 | |
| BBB Rating | A- | A+ |
Comparative Historical APY Insights (Last 10 Months)
| Presidential Bank | SoFi Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | SoFi Savings |
| Latest APY | 4.25 % | 4.30 % | |
| Trend | Sideways | Rising | |
| Slope (bps/mo) | -0.5 | 7.3 | |
| Rate Changes / Mo | 0.10 | 0.31 | |
| Days Since Last Change | 7 | 1 | |
| High (-10 m) | 4.50 % | 4.50 % | |
| Low (-10 m) | 4.25 % | 3.80 % | |
| Draw-down from High | -5.6 % | -4.4 % | |
| Volatility (CV) | 0.010 | 0.075 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 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 (-10 m)
- Highest APY in the last 295 days.
- Low (-10 m)
- Lowest APY in the last 295 days.
- Draw-down from High
- How far today sits below the 10-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.