Presidential Bank vs Wells Fargo
High-Yield Savings Accounts Comparison
Last Updated: September 2, 2025
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Summary of Presidential Bank vs. Wells Fargo
As of September 2, 2025 Presidential Bank offers an APY of 4.50% for its Advantage Savings account, compared to Wells Fargo's 2.51% APY for its Platinum Savings account.
Presidential Bank yields $445 more than Wells Fargo on a $10,000 balance after one year. Presidential Bank pays $450, while Wells Fargo pays $5 (with an effective APY of 0.05%) - an APY advantage for Presidential Bank.
In addition, Wells Fargo also offers 0.01% APY for the Way2Save Savings account.
Presidential Bank
Strengths
- Presidential Bank offers a high APY of 4.50%, unchanged from 30 days ago.
- Presidential Bank has a strong App Store rating of 4.8.
- No maintenance fees for the Advantage Savings account.
Potential Drawbacks
- Requires a monthly direct deposit of $500 to earn the higher APY.
- Limited to 10 branches in Maryland, Virginia, and Washington D.C.
- Not BBB Accredited with a rating of A-.
Wells Fargo
Strengths
- Wells Fargo has a wide branch network with locations in 36 states.
- High APY of 2.51% for the Platinum Savings account with $1,000,000 balance.
- Excellent Google Play rating of 4.8.
Potential Drawbacks
- Wells Fargo has a low BBB rating of F and is not BBB Accredited.
- Maintenance fees of $12 for the Platinum Savings account unless waived.
- Way2Save Savings account offers a very low APY of 0.01%.
Summary: Presidential Bank offers a higher APY of 4.50% for its Advantage Savings account, but requires a direct deposit. Wells Fargo has a vast branch network and offers a competitive APY of 2.51% for high balances, but has a low BBB rating and higher fees. Overall, Presidential Bank may appeal more to those seeking higher yields, while Wells Fargo provides broader accessibility.
Compare Presidential Bank's vs Wells Fargo's Savings Accounts
| Presidential Bank | Wells Fargo | |||
|---|---|---|---|---|
| Product | Advantage Savings | vs | Way2Save Savings | Platinum Savings |
| APY | 4.00% - 4.50% (as of 9/2/2025) | 0.01% (as of 9/2/2025) | 0.05% - 2.51% (as of 9/2/2025) | |
| Bundled Account | Yes | No | Yes | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | No | No | No | |
| Compound Frequency | Monthly | Daily | Daily | |
| Minimum Deposit | $5,000 | $25 | $25 | |
| Minimum Balance for APY | N/A | $0 | $1,000,000 | |
| Maintenance Fee | $0 | $5. Waived under some circumstances. | $12. Waived with $3,500 minimum daily balance. | |
| Direct Deposit Required | Yes. To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. | No | No | |
| Note | This is a tiered savings account where rates vary based on the balance. The 2.51% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. | |||
| App Store Rating | 4.8/5 | 4.9/5 | ||
| Google Play Rating | 4.2/5 | 4.8/5 | ||
| BBB Rating | A- | F | ||
Comparative Historical APY Insights (Last 2 Months)
| Presidential Bank | Wells Fargo | |||
|---|---|---|---|---|
| Product | Advantage Savings | vs | Platinum Savings | Way2Save Savings |
| Latest APY | 4.50 % | 2.51 % | 0.01 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -0.0 | -0.0 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.00 | |
| Days Since Last Change | 48 | 49 | 48 | |
| High (-2 m) | 4.50 % | 2.51 % | 0.01 % | |
| Low (-2 m) | 4.50 % | 2.51 % | 0.01 % | |
| Draw-down from High | 0.0 % | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 2 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 (-2 m)
- Highest APY in the last 49 days.
- Low (-2 m)
- Lowest APY in the last 49 days.
- Draw-down from High
- How far today sits below the 2-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 Wells Fargo
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 OverviewWells Fargo
APY: 2.51%
⚠️The higher APY only applies once your balance reaches $1,000,000.
Total savings breakdown:
- Interest earned: $28.6 (0.16%)
- Total contributions: $13,000 (72.11%)
- Initial deposit: $5,000 (27.73%)
Your total balance
$18,028.60
Effective APY: 0.05% (based on your deposit and contributions)
Total balance: $18,028.6
Earnings: $28.6
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Presidential Bank's total earnings would be $2,731.5 higher than Wells Fargo'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 Synchrony Bank | 3.80% | $0 |
| Presidential Bank vs UFB Direct | 4.21% | $5000 |
| Presidential Bank vs Varo Bank | 5.00% | $0 |
Compare Wells Fargo's APY of 2.51% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Wells Fargo vs Ally Bank | 3.50% | $0 |
| Wells Fargo vs American Express | 3.50% | $0 |
| Wells Fargo vs Axos Bank | 4.46% | $0 |
| Wells Fargo vs Bank of America | 0.01% | $100 |
| Wells Fargo vs Barclays | 4.10% | $0 |
| Wells Fargo vs Capital One | 3.50% | $0 |
| Wells Fargo vs Chase Bank | 0.01% | $0 |
| Wells Fargo vs Chime | 3.75% | $0 |
| Wells Fargo vs CIT Bank | 4.00% | $100 |
| Wells Fargo vs Discover Bank | 3.50% | $0 |
| Wells Fargo vs Fitness Bank | 4.85% | $100 |
| Wells Fargo vs Marcus by Goldman Sachs | 3.65% | $0 |
| Wells Fargo vs SoFi Bank | 3.80% | $0 |
| Wells Fargo vs Synchrony Bank | 3.80% | $0 |
| Wells Fargo vs UFB Direct | 4.21% | $5000 |
| Wells Fargo vs Varo Bank | 5.00% | $0 |