Presidential Bank vs. Synchrony Bank
Comparing Presidential Bank and Synchrony Bank for high-yield savings: Presidential Bank's Advantage Savings pays 3.75% APY while Synchrony Bank's High Yield Savings pays 3.50% APY.
Note: Presidential Bank requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Presidential Bank pays $25 more than Synchrony Bank annually ($375 vs $350).
Choose Presidential Bank if getting the best rate matters most, you value in-person banking, or you want Zelle for quick transfers. Choose Synchrony Bank if you want a no-strings-attached account.
Important Considerations
Presidential Bank requires a checking account to unlock its top savings rate, while Synchrony Bank offers its savings account standalone.
| Metric | Presidential BankAdvantage Savings Mar 7, 2026 | Synchrony BankHigh Yield Savings Mar 7, 2026 |
|---|---|---|
| APY | 3.25% - 3.75% | 3.50% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$175 $10,000+$350 $25,000+$875 |
Min Deposit | $5,000 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedDirect Deposit ReqChecking BundleRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing Presidential Bank vs. Synchrony Bank
Executive Summary
Presidential Bank offers a competitive Advantage Savings account with a higher APY of 3.75%, available to customers who also open an Advantage Checking Account and set up a monthly direct deposit of $500. This account is ideal for those looking for better returns, especially on larger deposits. In contrast, Synchrony Bank provides a High Yield Savings account with a slightly lower APY of 3.50%, but it stands out for its simplicity, requiring no direct deposit or minimum balance. Both banks have no maintenance fees and are FDIC insured, making them solid options for savers.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Presidential Bank?
- ✓Higher potential APY (3.75% vs 3.50%) (requires checking bundle & direct deposit)
- ✓Physical branch access (10 locations in Maryland, Virginia and Washington D.C.)
- ✓Fast transfers via Zelle®
Why Synchrony Bank?
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
Presidential BankPresidential Bank's Advantage Savings earns more on smaller deposits (approx. $375 vs $350/yr).
Better Returns at $25,000
Presidential BankPresidential Bank's Advantage Savings pulls ahead with larger amounts (approx. $938 vs $875/yr).
Best for Simplicity
Synchrony BankSynchrony Bank's High Yield Savings offers 3.50% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
Presidential BankPresidential Bank's Advantage Savings pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, Presidential Bank's Advantage Savings pays $25 more interest on a $10,000 balance than Synchrony Bank's High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Presidential Bank vs. Synchrony Bank Savings Calculator
You earn $25 more with Presidential Bank than Synchrony 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
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$350.00(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,350.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $349 per year in interest.
Both Presidential Bank and Synchrony Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Presidential Bank | Synchrony Bank |
|---|---|---|
| APY | 3.75% Range: 3.25% - 3.75% Verified: 3/7/2026 ↘︎ 0.25%90d Change | 3.50% Verified: 3/7/2026 ↘︎ 0.15%90d Change |
| Product Name | Advantage Savings | High Yield Savings |
| Minimum Deposit | $5,000 | $0 |
| Min. Balance for APY | N/A | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Monthly | Daily |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Physical Branches | 10 locations in Maryland, Virginia and Washington D.C. | N/A |
| 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 | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Native integration; Advantage Savings supports Zelle. | Not Supported |
| BBB Rating | A- | Not Rated |
| Next Steps | Visit SiteVerify at Presidential Bank Non-sponsored link to official site | Visit SiteVerify at Synchrony Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Presidential Bank | Synchrony Bank |
|---|---|---|
| Advantage Savings | High Yield Savings | |
Current APY | 3.75% | 3.50% |
Trend | Stable | Stable |
Velocity (bps/mo) | -7.8 | -4.1 |
Days Since Change | 80 | 39 |
12-Month High | 4.50% | 4.00% |
12-Month Low | 3.75% | 3.50% |
Adjustments / Mo | 0.25 | 0.25 |
Volatility Score | 0.079 | 0.042 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Presidential Bank's APY of 3.75% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Presidential Bank vs Ally Bank | 3.20% | $0 |
| Presidential Bank vs American Express | 3.30% | $0 |
| Presidential Bank vs Axos Bank | 4.21% | $0 |
| Presidential Bank vs Bank of America | 0.01% | $100 |
| Presidential Bank vs Barclays | 3.85% | $0 |
| Presidential Bank vs Capital One | 3.30% | $0 |
| Presidential Bank vs Chase Bank | 0.01% | $0 |
| Presidential Bank vs Chime | 3.00% | $0 |
| Presidential Bank vs CIT Bank | 3.75% | $100 |
| Presidential Bank vs Citibank | 3.20% | $0 |
| Presidential Bank vs Discover Bank | 3.30% | $0 |
| Presidential Bank vs EverBank | 3.90% | $0 |
| Presidential Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Presidential Bank vs Newtek Bank | 4.20% | $0.01 |
| Presidential Bank vs Openbank | 4.09% | $500 |
| Presidential Bank vs Pibank | 4.60% | $0 |
| Presidential Bank vs SoFi Bank | 4.00% | $0 |
| Presidential Bank vs Varo Bank | 5.00% | $0 |
| Presidential Bank vs Wealthfront | 4.20% | $0 |
| Presidential Bank vs Wells Fargo | 0.05% | $25 |