Presidential Online Bank
Presidential Online Bank is a small bank headquartered in Bethesda, MD. The bank operates 1 branch in 1 state (Maryland). Presidential Online Bank has deposits of $550.6 million, and was established in April 1985.
This bank is FDIC insured - all deposits are protected for up to $250,000. Products offered by the bank include: Presidential CD, Presidential IRA CD, Premier Savings, Statement Savings, Checking PLUS and Internet Checking.
Current Presidential Online Bank Rates
| Name | Term | APY | Min Deposit | |
| Presidential CD | 1 month | 0.25 % | $1 | |
| 2 months | 0.25 % | $1 | ||
| 3 months | 0.25 % | $1 | ||
| 6 months | 0.50 % | $1 | ||
| 1 year | 0.75 % | $1 | ||
| 2 years | 1.00 % | $1 | ||
| 5 years | 1.49 % | $1 | ||
| Presidential IRA CD | 1 month | 0.25 % | $1 | |
| 2 months | 0.25 % | $1 | ||
| 3 months | 0.25 % | $1 | ||
| 6 months | 0.50 % | $1 | ||
| 1 year | 0.75 % | $1 | ||
| 2 years | 1.00 % | $1 | ||
| 5 years | 1.49 % | $1 |
About Presidential Online Bank
Presidential Online Bank is a division of Presidential Bank, FSB, Bethesda, Maryland.
Presidential Online Bank was established on October 6, 1995, to become the vehicle of Presidential's future growth though Internet banking.
Prior to the development of the Internet, Presidential followed a strategy of limited branching, building smaller, lower cost branches, in high density locations to reduce the number of branches required.
With the development of the Internet into a viable marketing channel for financial services products, this approach to branching is being carried to the next logical level. Presidential's primary marketing efforts for bank deposits and loans to consumers will now be focused on the Internet.