Presidential Bank vs. Synchrony Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Presidential BankAdvantage Savings Jan 21, 2026 | Synchrony BankHigh Yield Savings Jan 21, 2026 |
|---|---|---|
| APY | 3.25% - 3.75% | 3.65% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$183 $10,000+$365 $25,000+$912 |
Min Deposit | $5,000 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedDirect Deposit ReqChecking Bundle | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
Comparison Analysis
Comparing Presidential Bank vs. Synchrony Bank
As of Presidential Bank offers an APY of 3.75% for its Advantage Savings account, with a minimum balance of N/A, compared to Synchrony Bank's 3.65% APY for its High Yield Savings account, with a minimum balance of $0.
Presidential Bank pays $10 more than Synchrony Bank on a $10,000 balance after one year. Presidential Bank pays $375, while Synchrony Bank pays $365 - an APY advantage for Presidential Bank.
Why Presidential Bank?
- ✓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 $25,000
Presidential BankPresidential Bank's Advantage Savings pulls ahead with larger amounts (approx. $938 vs $912/yr).
Best for Simplicity
Synchrony BankSynchrony Bank's High Yield Savings offers 3.65% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Presidential Bank's Advantage Savings pays $10 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.
Executive Summary as of
Presidential Bank's Advantage Savings account offers a competitive APY of 3.75%, which requires a monthly direct deposit of $500 into an Advantage Checking Account, making it ideal for those who can meet this condition. In contrast, Synchrony Bank's High Yield Savings account provides a slightly lower APY of 3.65% but does not require direct deposit, making it a simpler option with no minimum deposit or balance requirements. While Presidential Bank's offering is slightly higher, the difference in APY is minimal, suggesting that both accounts serve distinct needs depending on the customer's ability to meet the direct deposit requirement.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Presidential Bank vs. Synchrony Bank Savings Calculator
You earn $10 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+$365.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,365.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Presidential Bank | Synchrony Bank |
|---|---|---|
| APY | 3.75% Range: 3.25% - 3.75% Verified: 1/21/2026 ↘︎ 0.75%90d Change | 3.65% Verified: 1/21/2026 ↘︎ 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 |
| 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 | No |
| Mobile Apps | iOS4.8 Android4.2 | iOS4.8 Android4.5 |
| 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% | 3.65% |
Trend | Stable | Stable |
Velocity (bps/mo) | -5.5 | -3.5 |
Days Since Change | 35 | 64 |
12-Month High | 4.50% | 4.10% |
12-Month Low | 3.75% | 3.65% |
Adjustments / Mo | 0.25 | 0.25 |
Volatility Score | 0.063 | 0.035 |
How to read these metrics(Click to expand)
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