Presidential Bank Review 2023
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At a glance

CDs
Checking
Savings
MMA
About Bankrate Score
Overview
Presidential Bank is best for Washington-area residents who are looking for a full-service financial institution.
Highlights
- High APY
- Highly Rated App

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 0/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
Presidential Bank is Bethesda, Maryland-based bank with 10 branches in the Washington metropolitan area. It offers a wide selection of deposit products.
Pros
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Presidential Bank offers competitive yields on deposit products.
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Multiple checking account options are offered.
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Customers have free access to more than 88,000 ATMs through the Allpoint and MoneyPass networks.
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The bank’s mobile app earns high marks from users.
Cons
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The money market account requires $10,000 to earn the best annual percentage yield (APY).
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The Premier Savings account requires a $5,000 deposit to open.
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Checking and money market accounts charge a monthly fee if the minimum balance isn’t maintained.
Presidential Bank bank products
Presidential Bank savings overview
A second savings account option, Statement Savings, has tiered APYs that are lower than those of the Premier Savings, but it only requires $100 to open. A minimum $100 balance must be maintained to avoid a monthly service fee.
Pros
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The Premier Savings account pays above average yields.
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The Statement Savings account requires only $100 to open and waive the monthly fee.
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Both accounts can be linked to an ATM or debit card for ATM access.
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There’s no monthly fee for a Premier Savings account.
Cons
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The Premier Savings account requires a $5,000 deposit.

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
Presidential Bank has 10 branches in the Washington metropolitan area. Bank representatives can be reached 8 a.m. to 10 p.m. Eastern time, Monday through Friday. No weekend hours are available, but the bank has an email address for customer inquiries.
A unique feature of Presidential Bank’s site is its archive of statements. Customers can view historical account statements going back to 1997 for free.
The bank’s mobile app receives high ratings from users of iOS and Android devices. It lets customers transfer funds between Presidential accounts, pay bills, locate branches and ATMs, and more. Customers can also use Popmoney within the app (it’s labeled “Pay People”) to send money to someone else.
About Presidential Bank
Presidential Bank is a regional bank headquartered in Bethesda, Maryland. The FDIC-insured bank has 10 branches serving the Washington metropolitan area and began offering accounts nationwide online in 1995.
Presidential Bank is a full-service institution offering a range of deposit and lending products. The bank has more than $800 million in assets.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.