Presidential Bank (MD)

Overview / Commentary
4520 East-West Highway
Bethesda, MD 20814

Presidential Bank (MD) is headquartered in BETHESDA and is the 10th largest bank in the state of Maryland. It is also the 1,081st largest bank in the nation. It was established in 1985 and as of December of 2023, it had grown to 297 employees at 11 locations. Presidential Bank (MD)'s money market rates are 10X the national average, and it has a B+ health rating.

Easy Hoops

Posted by: |

I've had an account here for about a year. IIR it was a bit of a nuisance to set up, but I have to say once that hurdle was overcome, I've been pleased. The rate (currently 4.63% up to $25K) is exceptional, and almost as important, the rate for a balance over $25K is 3.6%, I think that's good enough not to worry about shifting any excess. They only require 7 external withdrawals Of Any Kind, so in addition to debit card transactions, transfers and bills also count.

It does take what seems like a long time for deposits to show up - as far as I know they don't show pending transactions, only complete and available - to the point that I can wonder if something went wrong, but so far that's just me being impatient, I haven't actually experienced any problems.

Weak Customer Service

Posted by: |

I opened an account two months ago.
Then asked me to wait for unlimited days to receive a debit card request form.
I received and mail-backed the debit card form in the 3rd week.
In 4th week, I contacted them about the debit card, and they said we have not received your mailed form yet.
I asked to send the debit card form by email or fax, but they ridiculously replied that it is in opposition to their bank regulations!!
It is unbelievable that in 2023, they do not trust email and fax yet!!
In 5th week, they received the form and ordered the debit card.
In the 8th week, I received the debit card.
It is a very frustrating approach once there is no tracking number to know the arrival time of the card.

Presidential Bank - RCA Rates Increase

Posted by: |

New rates for the rewards checking account at Presidential Bank (Advantage Checking). It’s now 3% APY up to $25k and 2.5%APY for daily balance above $25k. I was just about to move my $25k out but will now add more money instead!

The account application process was old school (at least when I applied last year) but monthly requirements are easy to meet.

No Follow Through

Posted by: |

Paid off a car loan and did not receive my title. Attempted to coordinate with bank and the car dealership for 6 months until responses stopped from the bank. I finally had to go to DMV to take care of it myself. So, basically bank takes my money. I pay it off in short order. Bank fails to provide me with the car title they should be holding in exchange. Big hassle.



Health Grade Components

FDIC Certificate #32363
Year Established1985
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.46%
Return on Equity - YTD-4.53%
Annual Interest Income$46.9MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$932MM$800.3MM
LoansQ4 2023vs Q4 2022$754.9MM$607MM
DepositsQ4 2023vs Q4 2022$737.2MM$696MM
Equity CapitalQ4 2023vs Q4 2022$84.6MM$88.8MM
Loan Loss AllowanceQ4 2023vs Q4 2022$8.4MM$8.9MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$7.3MM$2.5MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Presidential Bank (MD); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Presidential Bank (MD) Savings Account Rates

4.50%--Advantage Savings w/advantage checking
4.00%--Advantage Savings
0.50%*-$35kPremier Savings
OTHER TIERS: 0.35% $35k+
0.50%*-$35kCommercial Premier Savings
OTHER TIERS: 0.35% $35k+

Presidential Bank (MD) Money Market Rates

4.37%*$25k*$250kMoney Market Advantage Checking
OTHER TIERS: 0.10% Up to $25k | 1.50% $250k+
4.37%*$25k*$500kCommercial Money Market Advantage Checking
OTHER TIERS: 0.10% Up to $25k | 1.50% $500k+
0.30%*$10k*-Money Market Checking
OTHER TIERS: 0.15% Up to $1k | 0.25% $1k - $10k
0.15%--Commercial Money Market

Presidential Bank (MD) Checking Account Rates

4.62%*-$25kAdvantage Checking
OTHER TIERS: 3.62% $25k+
0.12%*-$25kChecking PLUS
OTHER TIERS: 0.10% $25k+
0.12%*-$1kSpecial Checking
OTHER TIERS: 0.10% $1k+

Presidential Bank (MD) CD Rates

5.25%$1k-7 Month CD Special - New Money
5.25%$1k-Commercial 7 Month CD Special - New Money
4.65%$1k-9 Month CD Special
4.65%$1k-Commercial 9 Month CD Special
4.50%$1k-1 Year CD
4.50%$1k-Commercial 1 Year CD
4.35%$1k-182 Day CD
4.35%$1k-Commercial 182 Day CD
3.00%$1k-2 Year CD
3.00%$1k-Commercial 2 Year CD
2.85%$1k-5 Year CD
2.85%$1k-Commercial 5 Year CD
2.85%$1k-3 Year CD
2.85%$1k-Commercial 3 Year CD
0.10%$1k-30 Day CD
0.10%$1k-60 Day CD
0.10%$1k-90 Day CD
0.10%$1k-Commercial 30 Day CD
0.10%$1k-Commercial 60 Day CD
0.10%$1k-Commercial 90 Day CD

Cities: Arlington, Bethesda, Frederick, Leesburg, Mclean, Reston, Rockville, Vienna, Washington

Arlington Branches
Arlington Branch1515 Wilson BoulevardArlington, VA 22209
Arlington Branch901 N. Stuart StreetArlington, VA 22203

Bethesda Branches
Presidential Bank, FSB4520 East West HwyBethesda, MD 20814

Frederick Branches
Frederick Branch14 W. Patrick StreetFrederick, MD 23224

Leesburg Branches
Leesburg Branch21 Catoctin Cir SeLeesburg, VA 20175

Mclean Branches
Mclean Branch6707 Old Dominion DriveMclean, VA 22101

Reston Branches
Reston Town Center11211 Reston Station Blvd.Reston, VA 20190

Rockville Branches
Rockville Branch11640 Rockville PikeRockville, MD 20852

Vienna Branches
Tysons Branch8150 Leesburg Pike, Suite 150Vienna, VA 22182

Washington Branches
1660 K Street Branch1660 K St NwWashington, DC 20006

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