Presidential Bank vs Wells Fargo
High-Yield Savings Accounts Comparison
Last Updated: August 8, 2025
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Summary of Presidential Bank vs. Wells Fargo
As of August 8, 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
- Advantage Savings offers a competitive APY of 4.50%.
- Presidential Bank has a higher App Store rating of 4.8 compared to 4.9 for Wells Fargo.
- No maintenance fee for Advantage Savings account.
Potential Drawbacks
- Requires a monthly direct deposit of $500 to earn the higher APY.
- B- BBB rating indicates lower trustworthiness.
- Only 10 branches compared to Wells Fargo's extensive network.
Wells Fargo
Strengths
- Wells Fargo has a vast branch network across 36 states.
- Platinum Savings offers a tiered APY up to 2.51% for high balances.
- Higher Google Play rating of 4.8.
Potential Drawbacks
- F BBB rating reflects significant trust issues.
- Requires $1,000,000 to earn the highest APY in Platinum Savings.
- Way2Save Savings offers a very low APY of 0.01%.
Summary: Presidential Bank's Advantage Savings account offers a higher APY of 4.50% without a maintenance fee, but requires a direct deposit. In contrast, Wells Fargo provides a tiered APY up to 2.51% for high balances but has a poor F BBB rating and a high minimum balance requirement. Wells Fargo also has a larger branch network, while Presidential Bank excels in app ratings.
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 8/8/2025) | 0.01% (as of 8/8/2025) | 0.05% - 2.51% (as of 8/8/2025) | |
| 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 | B- | F | ||
Comparative Historical APY Insights (Last 1 Month)
| 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 | 25 | 26 | 25 | |
| High (-1 m) | 4.50 % | 2.51 % | 0.01 % | |
| Low (-1 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 1 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 (-1 m)
- Highest APY in the last 26 days.
- Low (-1 m)
- Lowest APY in the last 26 days.
- Draw-down from High
- How far today sits below the 1-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 |