Presidential Bank vs. Wells Fargo
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Presidential BankAdvantage Savings Jan 21, 2026 | Wells FargoPlatinum Savings Jan 21, 2026 |
|---|---|---|
| APY | 3.25% - 3.75% | 0.05% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$3 $10,000+$5 $25,000+$13 |
Min Deposit | $5,000 | $25 |
Snapshot view. Rates subject to change. | ||
Terms | - | This is a tiered savings account where rates vary based on the balance. The 0.05% 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. |
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedDirect Deposit ReqChecking Bundle | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedChecking Bundle |
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. Wells Fargo
As of Presidential Bank offers an APY of 3.75% for its Advantage Savings account, with a minimum balance of N/A, compared to Wells Fargo's 0.05% APY for its Platinum Savings account, with a minimum balance of $1,000,000.
Presidential Bank pays $370 more than Wells Fargo on a $10,000 balance after one year. Presidential Bank pays $375, while Wells Fargo pays $5 - an APY advantage for Presidential Bank.
In addition, Wells Fargo also offers 0.01% APY for the Way2Save Savings account, with a minimum balance of $0.
Why Presidential Bank?
- ✓Higher potential APY (3.75% vs 0.01%-0.05%) (requires checking bundle & direct deposit)
Why Wells Fargo?
- ✓Higher rated Android app (4.8 vs 4.2)
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
Presidential BankPresidential Bank's Advantage Savings earns more on smaller deposits (approx. $375 vs $5/yr).
Better Returns at $25,000
Presidential BankPresidential Bank's Advantage Savings pulls ahead with larger amounts (approx. $938 vs $13/yr).
Requires Banking Relationship
Both banks require a checking account bundle to access their highest rates.
Shared Benefits
Over a 1-year period, Presidential Bank's Advantage Savings pays $370 more interest on a $10,000 balance than Wells Fargo's Platinum Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Presidential Bank offers a competitive Advantage Savings account with a high APY of 3.75% for those who meet the requirement of a $500 monthly direct deposit into an Advantage Checking Account. This account is ideal for savers looking to maximize returns on larger deposits, as it significantly outperforms Wells Fargo's Way2Save Savings and Platinum Savings accounts, which yield only 0.01% and 0.05% APY, respectively. While Wells Fargo's accounts have lower minimum deposit requirements and no direct deposit conditions, their rates are substantially lower than those offered by Presidential Bank.
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. Wells Fargo Savings Calculator
You earn $370 more with Presidential Bank than Wells Fargo 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
Wells Fargo
Platinum Savings
Higher APY requires $1,000,000
Savings Breakdown
- Interest Earned+$5.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,005.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Presidential Bank | Wells Fargo |
|---|---|---|
| APY | 3.75% Range: 3.25% - 3.75% Verified: 1/21/2026 ↘︎ 0.75%90d Change | 0.05% Range: 0.05% - 0.05% Verified: 1/21/2026 Stable (90d) |
| Product Name | Advantage Savings | Platinum Savings |
| Minimum Deposit | $5,000 | $25 |
| Min. Balance for APY | N/A | $1,000,000 |
| Monthly Fee | $0 | $12. Waived with $3,500 minimum daily balance. |
| Branch Access | Yes | Yes |
| Account Type | Online & Branches | Online & Branches |
| 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 | Yes |
| Mobile Apps | iOS4.8 Android4.2 | iOS4.9 Android4.8 |
| Zelle® Support | Available Native integration; Advantage Savings supports Zelle. | Available Limit: $3,500/dayFounding member; zero fees to replace wires. |
| BBB Rating | A- | D- |
| Important Notes | - | This is a tiered savings account where rates vary based on the balance. The 0.05% 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. |
| Next Steps | Visit SiteVerify at Presidential Bank Non-sponsored link to official site | Visit SiteVerify at Wells Fargo Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Presidential Bank | Wells Fargo | |
|---|---|---|---|
| Advantage Savings | Platinum Savings | Way2Save Savings | |
Current APY | 3.75% | 0.05% | 0.01% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -15.1 | -56.6 | 0.0 |
Days Since Change | 35 | 96 | 189 |
6-Month High | 4.50% | 2.51% | 0.01% |
6-Month Low | 3.75% | 0.05% | 0.01% |
Adjustments / Mo | 0.47 | 0.47 | 0.00 |
Volatility Score | 0.074 | 1.163 | 0.000 |
How to read these metrics(Click to expand)
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