Presidential Bank vs. Synchrony Bank
High-Yield Savings Account Comparison
Last Updated: October 14, 2025
We earn a commission if you open an account through some links on this page.
Summary of Presidential Bank vs. Synchrony Bank
Key Metrics at a Glance
| Feature | Presidential Bank | Synchrony Bank |
|---|---|---|
| Top Savings APY | 4.50% Advantage Savings | 3.80% High Yield Savings |
| Minimum to Open | $5,000 | $0 |
| Minimum Balance for APY | N/A | $0 |
Presidential Bank
Strengths
- Advantage Savings offers a competitive APY of 4.50%.
- Presidential Bank has 10 physical branches in Maryland, Virginia, and Washington D.C.
- The bank has a solid App Store rating of 4.8.
Potential Drawbacks
- Requires a $500 monthly direct deposit to earn the higher APY.
- Not BBB Accredited with a rating of A-.
- Google Play rating is lower at 4.2.
Synchrony Bank
Strengths
- Synchrony Bank's High Yield Savings has no direct deposit requirement.
- Offers a low minimum deposit of $0 for account opening.
- Google Play rating is higher at 4.5.
Potential Drawbacks
- Current APY of 3.80% is lower than Presidential Bank's.
- No physical branches available.
- Not rated by the BBB.
→ As of October 14, 2025 Presidential Bank offers an APY of 4.50% for its Advantage Savings account, with a minimum balance of N/A, compared to Synchrony Bank's 3.80% APY for its High Yield Savings account, with a minimum balance of $0.
→ Presidential Bank yields $70 more than Synchrony Bank on a $10,000 balance after one year. Presidential Bank pays $450, while Synchrony Bank pays $380 - an APY advantage for Presidential Bank.
Calculate Savings Growth for Presidential Bank vs Synchrony 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 OverviewSynchrony Bank
Total savings breakdown:
- Interest earned: $2,305.9 (11.36%)
- Total contributions: $13,000 (64.02%)
- Initial deposit: $5,000 (24.62%)
Your total balance
$20,305.90
Total balance: $20,305.9
Earnings: $2,305.9
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Presidential Bank's total earnings would be $454.2 higher than Synchrony 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 Synchrony Bank's Savings Accounts
| Presidential Bank | Synchrony Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | High Yield Savings |
| APY | 4.00% - 4.50% (as of 10/14/2025) | 3.80% (as of 10/14/2025) | |
| Bundled Account | Yes | No | |
| 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 | |
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.2/5 | 4.5/5 | |
| BBB Rating | A- | Not Rated |
Comparative Historical APY Insights (Last 9 Months)
| Presidential Bank | Synchrony Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | High Yield Savings |
| Latest APY | 4.50 % | 3.80 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -3.7 | |
| Rate Changes / Mo | 0.00 | 0.23 | |
| Days Since Last Change | 266 | 134 | |
| High (-9 m) | 4.50 % | 4.10 % | |
| Low (-9 m) | 4.50 % | 3.80 % | |
| Draw-down from High | 0.0 % | -7.3 % | |
| Volatility (CV) | 0.000 | 0.027 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 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 (-9 m)
- Highest APY in the last 266 days.
- Low (-9 m)
- Lowest APY in the last 266 days.
- Draw-down from High
- How far today sits below the 9-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.