Presidential Bank (MD)

Reviews (7)

Excellent Bank!

Posted by: |

We have banked with Presidential for nearly 20 years, and we have always been extremely pleased with their personalized service and commitment to security. They are certainly smaller, but they are extremely professional and their fees, interest rates, and account offerings are always superior to the larger banks and area competition.

Still Excellent

Posted by: |

Even though their interest rates are slightly less competitive of late (0,35 and 0,5% against Ally, etc that are offering 1%) they have some nice functionality - a fully fledged checking account, free bill pay and, best of all, no extra rip off charges when you use your ATM. Have been a customer for 10 years with never a problem - they were one of the pioneers of internet banking - and will remain so for the foreseeable future.

Solid Bank

Posted by: |

I've had Presidential for almost 6 years with no issues. As the other review points out, if you want a solid, no worries checking account, they are a good option. Their rates are consistently near the top. I've pulled money out at times when other banks were higher but always regretted it when the other bank soon dropped lower.

Don't be scared off by their website (I find it charming), this is a solid, well regarded bank with consistently high rates.

Presidential Bank -- Go-To Bank For The Long Haul

Posted by: |

I wanted to draw attention to a bank that has treated me well for nearly twenty years -- Presidential Bank. They have long offered a Checking PLUS account with a consistently decent interest rate (currently 1%) for the first $25K on deposit (requires direct deposit and $1000 minimum balance to avoid fees).  Don't be dissuaded by their website design, which has changed little since the advent of the internet; behind the unpromising facade is a bank with solid online features and impeccable customer service.  One downside is that they only have ATMs in the MD/DC area; though they charge no fees for outside ATM usage, neither do they refund the fees that other banks charge.  If you can work around that, the account offers just about everything you might need in a basic checking account, from the ability to write paper checks to online ACH transfers.   Overall, a steady, reliable account that has served me well over the years. 

Quick Change

Posted by: |

Checkless Checking no longer on website. I opened mere weeks ago for a 2.25% rate w/low effort, but within days was converted into an Advantage account (without notice) that requires 7 transactions or else a mere 0.30%. So annoying.

Horrible Process

Posted by: |

Completed the on-line application, two days later got a call asking me to email my SS# & driver license. I had to write down that email address. Later saw that the main page of the bank indicated:
"[email protected] is NOT a secure means of communication. Please refrain from including personal information such as account numbers, Tax ID/Social Security numbers, passwords, etc. We encourage you to maintain contact with us through our Secure Email service, located within Personal Online Banking"
I called & asked to send me that secure email service, I was told to just send it to It's like the Rep was too lazy to do that. Since I had to mail in the signature page anyway, I said that I'll mail all 3 documents & sent the letter out the same day. Since that day, I called 3 times, they said nothing has been received, now it's 3 weeks later, called & again nothing was received, I cancelled my application, & worry where did all my important documents go.

Downhill!!!! Used To Be Good -- Now Fee Happy

I have banked at a Maryland branch for decades. Service was always great. Over the past couple years (as they became more of an online bank), their service has gone down hill. They are much more apt to charge nuisance fees.

Aside from the monthly account fee, they recently hit me up with an insufficient funds fee for an automatic bill pay I was unaware of. Because banks automatically retry transactions several times, they charged this fee 3 times (on the same ISF incident). The associated fees caused another payment to bounce, so they charged me more fees.

They refused to reverse ANY of these fees because they ONCE refunded a fee in my previous 20 years as a customer. My loyalty counted for absolutely nothing.


Health Grade Components

FDIC Certificate #32363
Year Established1985
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD2.03%
Return on Equity - YTD19.67%
Annual Interest Income$22.5MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$892.7MM$744.1MM
LoansQ3 2021vs Q3 2020$568.0MM$602.6MM
DepositsQ3 2021vs Q3 2020$787.9MM$650.3MM
Equity CapitalQ3 2021vs Q3 2020$91.1MM$78.0MM
Loan Loss AllowanceQ3 2021vs Q3 2020$8.2MM$7.7MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$2.8MM$2.3MM
Real Estate OwnedQ3 2021vs Q3 2020$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

0.38%*-$35kPremier Savings
OTHER TIERS: 0.25% $35k+
0.38%*-$35kCommercial Premier Savings
OTHER TIERS: 0.25% $35k+
0.30%*$25k*-Statement Savings
OTHER TIERS: 0.15% Up to $1k | 0.25% $1k - $25k
0.30%*$25k*-Commercial Statement Savings
OTHER TIERS: 0.15% Up to $1k | 0.25% $1k - $25k

Presidential Bank (MD) Money Market Rates

0.38%*$100k*$250kMoney Market Advantage Checking
OTHER TIERS: 0.10% Any amount
0.38%*$100k*$250kCommercial Money Market Advantage Checking
OTHER TIERS: 0.10% Any amount
0.30%*$10k*-Money Market Checking
OTHER TIERS: 0.15% Up to $1k | 0.25% $1k - $10k
0.30%*$5k*-Commercial Money Market
OTHER TIERS: 0.15% Up to $5k

Presidential Bank (MD) Checking Account Rates

2.25%*-$25kAdvantage Checking
OTHER TIERS: 0.50% $25k+
0.12%*-$25kChecking PLUS
OTHER TIERS: 0.10% $25k+
0.12%*-$1kSpecial Checking
OTHER TIERS: 0.10% $1k+
0.12%*-$25kSuper Checking
OTHER TIERS: 0.10% $25k+
0.12%*-$25kInternet Checking
OTHER TIERS: 0.10% $25k+

Presidential Bank (MD) CD Rates

0.25%$1k-5 Year CD
0.25%$1k-Commercial 5 Year CD
0.20%$1k-3 Year CD
0.20%$1k-Commercial 3 Year CD
0.15%$1k-2 Year CD
0.15%$1k-Commercial 2 Year CD
0.10%$1k-30 Day CD
0.10%$1k-60 Day CD
0.10%$1k-90 Day CD
0.10%$1k-182 Day CD
0.10%$1k-1 Year CD
0.10%$1k-Commercial 30 Day CD
0.10%$1k-Commercial 60 Day CD
0.10%$1k-Commercial 90 Day CD
0.10%$1k-Commercial 182 Day CD
0.10%$1k-Commercial 1 Year CD

Presidential Bank (MD) IRA Rates

0.25%$1k-5 Year IRA
0.20%$1k-3 Year IRA
0.15%$1k-2 Year IRA
0.10%$1k-1 Year IRA

Presidential Bank (MD) Locations
1660 K Street Branch1660 K StreetWashington, DC 20006
Reston Town Center11211 Reston Station Blvd.Reston, VA 20190
Arlington Branch1515 Wilson BoulevardArlington, VA 22209
Leesburg Branch21 Catoctin Cir SeLeesburg, VA 20175
Presidential Bank, FSB4520 East-West HighwayBethesda, MD 20814
Mclean Branch6707 Old Dominion DriveMclean, VA 22101
Rockville Branch11640 Rockville PikeRockville, MD 20852
Arlington Branch901 N. Stuart StreetArlington, VA 22203
Tysons Branch8150 Leesburg Pike, Suite 150Vienna, VA 22182

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