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Commercial banking accounts.
An electronic monthly deposit of $500 or more from payroll, pension, social security, or annuity is required. Each account must have a unique direct deposit source. At least seven (7) electronic withdrawals per month are required (electronic withdrawals include: ATM, POS, ACH and Bill Payments.) Accounts that do not meet the minimum deposit and withdrawal requirements will earn a lower interest rate. After the first month the account is open, accounts that do not meet the minimum deposit and withdrawal requirements, including the monthly direct deposit requirement and the requirement for a minimum number of electronic withdrawals each month, will earn a substantially lower interest rate for the month. Advantage Checking accounts have minimum transaction requirements to qualify for the above rates. See the Account Portfolio for details. If the transaction requirements are not met prior to month end, the rates will be as follows:
Commercial Accounts are offered at all branch locations. Mail-in applications are available online for businesses located in MD, DC and VA.
All CD rates may change at any time without prior notice. After your CD is opened, the interest rate is fixed for the term. A penalty is imposed for early withdrawal. Fees could reduce earnings. **Also available as IRAs for personal accounts.
*APY = Annual Percentage Yield Presidential Bank reminds you that email@presidential.com 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. Help us keep YOUR personal information PRIVATE!