Presidential Bank vs Synchrony Bank
High-Yield Savings Accounts Comparison
Last Updated: August 8, 2025
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Summary of Presidential Bank vs. Synchrony Bank
As of August 8, 2025 Presidential Bank offers an APY of 4.50% for its Advantage Savings account, compared to Synchrony Bank's 3.80% APY for its High Yield Savings account.
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.
Presidential Bank
Strengths
- Presidential Bank offers a higher APY of 4.50% compared to Synchrony Bank's 3.80%.
- Presidential Bank has 10 branches located in Maryland, Virginia, and Washington D.C.
- Presidential Bank's App Store rating is 4.8, equal to Synchrony Bank's.
Potential Drawbacks
- Presidential Bank requires a monthly direct deposit of $500 to earn the higher APY.
- Presidential Bank has a BBB rating of B- and is not accredited.
Synchrony Bank
Strengths
- Synchrony Bank has no minimum deposit or balance requirements for its savings account.
- Synchrony Bank's Google Play rating is 4.6, higher than Presidential Bank's 4.2.
Potential Drawbacks
- Synchrony Bank offers a lower APY of 3.80% compared to Presidential Bank's 4.50%.
- Synchrony Bank operates online only, with no physical branches.
Summary: Presidential Bank's Advantage Savings account offers a higher APY of 4.50% but requires a $500 monthly direct deposit. In contrast, Synchrony Bank provides a lower APY of 3.80% with no deposit requirements and operates online only. Presidential Bank has physical branches, while Synchrony Bank has a higher Google Play rating. Additionally, Presidential Bank's BBB rating is B- and not accredited, while Synchrony Bank is not rated.
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 8/8/2025) | 3.80% (as of 8/8/2025) | |
| 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 | 4.6/5 | |
| BBB Rating | B- | Not Rated |
Comparative Historical APY Insights (Last 7 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 | -4.6 | |
| Rate Changes / Mo | 0.00 | 0.30 | |
| Days Since Last Change | 201 | 69 | |
| High (-7 m) | 4.50 % | 4.10 % | |
| Low (-7 m) | 4.50 % | 3.80 % | |
| Draw-down from High | 0.0 % | -7.3 % | |
| Volatility (CV) | 0.000 | 0.026 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 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 (-7 m)
- Highest APY in the last 201 days.
- Low (-7 m)
- Lowest APY in the last 201 days.
- Draw-down from High
- How far today sits below the 7-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.
Calculate Savings Growth for Presidential Bank vs Synchrony Bank
All calculations are based on APY.
Presidential Bank
APY: 4.50%
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
Effective APY: 4.50% (based on your deposit and contributions)
Total balance: $20,760.1
Earnings: $2,760.1
Bank OverviewSynchrony Bank
APY: 3.80%
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
Effective APY: 3.80% (based on your deposit and contributions)
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.
More Comparisons
Compare Presidential Bank's APY of 4.50% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Presidential Bank vs Ally Bank | 3.50% | $0 |
| Presidential Bank vs American Express | 3.50% | $0 |
| Presidential Bank vs Axos Bank | 4.46% | $0 |
| Presidential Bank vs Bank of America | 0.01% | $100 |
| Presidential Bank vs Barclays | 4.10% | $0 |
| Presidential Bank vs Capital One | 3.50% | $0 |
| Presidential Bank vs Chase Bank | 0.01% | $0 |
| Presidential Bank vs Chime | 3.75% | $0 |
| Presidential Bank vs CIT Bank | 4.00% | $100 |
| Presidential Bank vs Discover Bank | 3.50% | $0 |
| Presidential Bank vs Fitness Bank | 4.85% | $100 |
| Presidential Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Presidential Bank vs SoFi Bank | 3.80% | $0 |
| Presidential Bank vs UFB Direct | 4.21% | $5000 |
| Presidential Bank vs Varo Bank | 5.00% | $0 |
| Presidential Bank vs Wells Fargo | 2.51% | $25 |
Compare Synchrony Bank's APY of 3.80% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Synchrony Bank vs Ally Bank | 3.50% | $0 |
| Synchrony Bank vs American Express | 3.50% | $0 |
| Synchrony Bank vs Axos Bank | 4.46% | $0 |
| Synchrony Bank vs Bank of America | 0.01% | $100 |
| Synchrony Bank vs Barclays | 4.10% | $0 |
| Synchrony Bank vs Capital One | 3.50% | $0 |
| Synchrony Bank vs Chase Bank | 0.01% | $0 |
| Synchrony Bank vs Chime | 3.75% | $0 |
| Synchrony Bank vs CIT Bank | 4.00% | $100 |
| Synchrony Bank vs Discover Bank | 3.50% | $0 |
| Synchrony Bank vs Fitness Bank | 4.85% | $100 |
| Synchrony Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Synchrony Bank vs SoFi Bank | 3.80% | $0 |
| Synchrony Bank vs UFB Direct | 4.21% | $5000 |
| Synchrony Bank vs Varo Bank | 5.00% | $0 |
| Synchrony Bank vs Wells Fargo | 2.51% | $25 |