Presidential Bank vs. Wells Fargo
Compare rates, requirements, and features side-by-side to find the best option for you.
Presidential Bank
Advantage Savings
Up to4.00%APYDec 6, 2025FDIC InsuredMod. MinimumDirect Deposit ReqChecking BundleGreat iOS AppGreat Android AppIn-Person AccessRange: 3.50% – 4.00%Show Fine Print & Trends Hide Details
Presidential Bank
Advantage Savings
Wells Fargo
Platinum Savings
0.05%APYDec 6, 2025FDIC InsuredHigh MinimumChecking BundleGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Wells Fargo
Platinum Savings
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Comparison Analysis
Comparing Presidential Bank vs. Wells Fargo
Why Presidential Bank?
- ✓Higher potential APY (4.00% vs 0.01%-0.05%) on all balances
Why Wells Fargo?
- ✓Higher rated Android app (4.8 vs 4.1)
- ✓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. $400 vs $5/yr).
Better Returns at $25,000
Presidential BankPresidential Bank's Advantage Savings pulls ahead with larger amounts (approx. $1000 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 $395 more interest on a $10,000 balance than Wells Fargo's Platinum Savings.
Executive Summary
Presidential Bank offers a competitive Advantage Savings account with a notable APY of 4.00%, contingent upon a monthly direct deposit of $500 into an Advantage Checking Account. This account requires a minimum deposit of $5,000 but has no maintenance fees. In contrast, Wells Fargo's highest yielding product, the Platinum Savings account, provides a mere 0.05% APY, with a significant minimum balance requirement of $1,000,000 to earn this rate. The Way2Save Savings account offers an even lower APY of 0.01%. Overall, Presidential Bank's Advantage Savings stands out significantly for those meeting its direct deposit requirement.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Presidential Bank and Wells Fargo.
| Feature | Presidential Bank | Wells Fargo |
|---|---|---|
| APY | 4.00% Range: 3.50% - 4.00% Verified: 12/6/2025 ↘︎ 0.50%90d Change | 0.05% Range: 0.05% - 0.05% Verified: 12/6/2025 ↘︎ 2.46%90d Change |
| 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 Android4.1 | iOS4.9 Android4.8 |
| 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 |
Savings Comparison
Presidential Bank earns $2,406.1 more than Wells Fargo.
Presidential Bank
Advantage Savings
Savings Breakdown
- Interest Earned+$2,434.70(11.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,434.70
Wells Fargo
Platinum Savings
Higher APY requires $1,000,000
Savings Breakdown
- Interest Earned+$28.60(0.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,028.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Presidential Bank | Wells Fargo | |
|---|---|---|---|
| Advantage Savings | Platinum Savings | Way2Save Savings | |
Current APY | 4.00% | 0.05% | 0.01% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -9.0 | -72.0 | 0.0 |
Days Since Change | 15 | 50 | 143 |
5-Month High | 4.50% | 2.51% | 0.01% |
5-Month Low | 4.00% | 0.05% | 0.01% |
Adjustments / Mo | 0.42 | 0.63 | 0.00 |
Volatility Score | 0.041 | 0.843 | 0.000 |
How to read these metrics(Click to expand)
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