Presidential Bank vs. SoFi Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Presidential Bank
Advantage Savings
Up to4.00%APYDec 6, 2025FDIC InsuredMod. MinimumDirect Deposit ReqChecking BundleGreat iOS AppGreat Android AppIn-Person AccessRange: 3.50% – 4.00%Show Fine Print & Trends Hide Details
Presidential Bank
Advantage Savings
SoFi Bank
SoFi Savings
Up to4.30%APYDec 6, 2025FDIC InsuredChecking BundleNo MinimumsGreat iOS AppGreat Android AppRange: 3.60% – 4.30%Show Fine Print & Trends Hide Details
SoFi Bank
SoFi Savings
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Don't want a checking bundle? We track many high-yield banks that offer competitive rates without checking requirements.
Comparison Analysis
Comparing Presidential Bank vs. SoFi 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 (4.30% vs 4.00%) on all balances
— Key Feature Differences —
Better Returns at $10,000
SoFi BankSoFi Bank's SoFi Savings earns more on smaller deposits (approx. $430 vs $400/yr).
Better Returns at $25,000
SoFi BankSoFi Bank's SoFi Savings pulls ahead with larger amounts (approx. $1075 vs $1000/yr).
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, SoFi Bank's SoFi Savings pays $30 more interest on a $10,000 balance than Presidential Bank's Advantage Savings.
Executive Summary
SoFi Bank offers a competitive APY of 4.30% on its SoFi Savings account, which is available online and does not require a direct deposit, though a subscription fee of $10/month can be an alternative. This account also comes bundled with a checking account that yields 0.50% APY. In contrast, Presidential Bank's Advantage Savings account provides a slightly lower APY of 4.00%, but it requires a monthly direct deposit of $500 into an Advantage Checking Account to earn this rate. Overall, SoFi Bank's product stands out for its higher yield and more flexible access.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Presidential Bank and SoFi Bank.
| Feature | Presidential Bank | SoFi Bank |
|---|---|---|
| APY | 4.00% Range: 3.50% - 4.00% Verified: 12/6/2025 ↘︎ 0.50%90d Change | 4.30% Range: 3.60% - 4.30% Verified: 12/6/2025 ↗︎ 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. | None |
| Checking Bundle | Yes | Yes |
| Mobile Apps | iOS4.8 Android4.1 | iOS4.8 Android4.0 |
| BBB Rating | A- | A+ |
| Important Notes | - | Limited offer: The 4.30% 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 |
Savings Comparison
SoFi Bank earns $194.7 more than Presidential Bank.
Presidential Bank
Advantage Savings
Savings Breakdown
- Interest Earned+$2,434.70(11.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,434.70
SoFi Bank
SoFi Savings
Savings Breakdown
- Interest Earned+$2,629.40(12.7%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,629.40
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Presidential Bank | SoFi Bank |
|---|---|---|
| Advantage Savings | SoFi Savings | |
Current APY | 4.00% | 4.30% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.3 | 7.1 |
Days Since Change | 15 | 24 |
10-Month High | 4.50% | 4.50% |
10-Month Low | 4.00% | 3.80% |
Adjustments / Mo | 0.19 | 0.28 |
Volatility Score | 0.031 | 0.074 |
How to read these metrics(Click to expand)
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