Presidential Bank's Savings Account Now 4.75%
Apr 28, 2006 - 2:00 PM by Ken Tumin
Presidential Bank increased the rate on their Premier Savings Account today. The new APY is 4.75%, up from 4.62%. There was no change in the rate of their Internet Checking Plus account. It remains at 4.37% APY.
Their last rate change was on April 3rd when the savings account APY went from 4.37% to 4.62% and the checking went from 4.25% to 4.37%.
It should be noted that the Premier Savings Account earns 4.75% on balances up to $35K. Balances over $35K only earn 3.00% APY. Two other major issues with this savings account is a $5K minimum to avoid monthly fees and no ACH transfer system.
Their last rate change was on April 3rd when the savings account APY went from 4.37% to 4.62% and the checking went from 4.25% to 4.37%.
It should be noted that the Premier Savings Account earns 4.75% on balances up to $35K. Balances over $35K only earn 3.00% APY. Two other major issues with this savings account is a $5K minimum to avoid monthly fees and no ACH transfer system.
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