About Money Market Advantage Checking
Earn 1.50% APY on Higher Balances — 4.37% APY Money Market Advantage Checking.** This tiered-yield offer from Presidential Bank delivers standout returns for savers with substantial balances—delivering up to 4.37% APY on balances between $25,000 and $250,000, and even 1.50% APY on balances above that threshold. Let’s explore how this offer stacks up for high-balance savers.
Quick Overview
Account name: Money Market Advantage Checking (Personal)
Minimum to open / qualify: $25,000 in average daily balance
APY tiers:
4.37% APY for balances $25,000–$250,000
1.50% APY on balances above $250,000
0.10% APY on balances under $25,000
Interest calculation: Based on average daily balance, compounded and credited monthly
Fees: Monthly service charge applies if balance ever falls below $25,000 during the statement cycle; amount of fee per Schedule of Fees
Additional features: Standard MM account accessibility—online/mobile banking, Visa debit card, free checks, online bill pay and statements
Direct Link To Offer
Analysis
Competitive Rate Landscape
As of late August 2025, Presidential Bank’s Money Market Advantage Checking rate of 4.37% APY is among the top nationally. For context, it is currently ranked second nationally among money market accounts, trailing only Hustl Digital Credit Union at 4.80%.
Pros:
Exceptional APY for large balances: 4.37% APY is superb compared to industry averages (~0.6%).
FDIC-insured up to applicable limits: Secure placement for substantial funds.
Easy access: Money market accounts allow check-writing, debit card use, and online transfers—offering greater liquidity than typical high-yield savings accounts.
Considerations:
High entry threshold: You need at least $25,000 to even open the account and avoid fees.
Tapered APY above $250K: Balances over $250K earn just 1.50%, significantly lower than the 4.37% tier.
Possible monthly service fees: Falling below $25,000—even briefly—can trigger fees that erode yield.
Alternative accounts exist: Some competitors may offer comparable or higher yields with lower minimums or more consistent tiering.
Is it profitable to customers ?
For individuals sitting on $25,000 to $250,000, this offer is highly attractive—4.37% APY is a top-tier yield for a checking-style account that provides both great interest and liquidity. It’s a smart option for high-balance savers seeking both safety and accessibility.
However, for balances above $250,000, the dramatic drop to 1.50% APY lessens its appeal—such funds might earn more in tiered high-yield savings or laddered CDs. Similarly, those with less than $25,000 may find better and more practical options elsewhere.
Review
If your balance comfortably fits the $25K–$250K sweet spot and you value liquidity, this account is a winning choice—just be mindful of maintaining the minimum to avoid fees, and look for better yields elsewhere once you overflow past $250K
