Affirm vs. Salem Five Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
Affirm
Affirm Money Account
3.60%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Affirm
Affirm Money Account
Salem Five Direct
eOne Savings
3.71%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Salem Five Direct
eOne Savings
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Affirm vs. Salem Five Direct Savings Calculator
Salem Five Direct earns $70.3 more than Affirm.
Affirm
Affirm Money Account
Savings Breakdown
- Interest Earned+$2,177.80(10.8%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,177.80
Salem Five Direct
eOne Savings
Savings Breakdown
- Interest Earned+$2,248.10(11.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,248.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Affirm vs. Salem Five Direct
Why Affirm?
- ✓Higher rated Android app (4.8 vs 4.2)
Why Salem Five Direct?
- ✓Higher potential APY (3.71% vs 3.60%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Salem Five DirectSalem Five Direct's eOne Savings earns more on smaller deposits (approx. $371 vs $360/yr).
Better Returns at $25,000
Salem Five DirectSalem Five Direct's eOne Savings pulls ahead with larger amounts (approx. $928 vs $900/yr).
Best Mobile App Experience
AffirmAffirm offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.8 (vs. 4.2)
Shared Benefits
Over a 1-year period, Salem Five Direct's eOne Savings pays $11 more interest on a $10,000 balance than Affirm's Affirm Money Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Salem Five Direct offers a competitive APY of 3.71% on its eOne Savings account, making it the winner in this comparison. This account requires a minimum deposit of $10 and has no maintenance fees, with interest compounded monthly. On the other hand, Affirm's Money Account provides a slightly lower APY of 3.60%, but it has no minimum deposit requirements and is also FDIC-insured through partner Cross River Bank. Both accounts are online-only and do not require direct deposit. Affirm is noted for its superior mobile app experience, with high ratings on both iOS and Android platforms.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Affirm and Salem Five Direct.
| Feature | Affirm | Salem Five Direct |
|---|---|---|
| APY | 3.60% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 3.71% Verified: 12/10/2025 ↘︎ 0.30%90d Change |
| Product Name | Affirm Money Account | eOne Savings |
| Minimum Deposit | $0 | $10 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.8 | iOS4.7 Android4.2 |
| BBB Rating | A+ | A- |
| Important Notes | While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank. | - |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Affirm | Salem Five Direct |
|---|---|---|
| Affirm Money Account | eOne Savings | |
Current APY | 3.60% | 3.71% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.7 | -2.5 |
Days Since Change | 75 | 35 |
11-Month High | 3.85% | 4.01% |
11-Month Low | 3.60% | 3.71% |
Adjustments / Mo | 0.09 | 0.19 |
Volatility Score | 0.030 | 0.029 |
How to read these metrics(Click to expand)
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