American Express vs. Salem Five Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 14, 2025
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Summary of American Express vs. Salem Five Direct
Key Metrics at a Glance
| Feature | American Express | Salem Five Direct |
|---|---|---|
| Top Savings APY | 3.50% High Yield Savings Account | 3.71% eOne Savings |
| Minimum to Open | $0 | $10 |
| Minimum Balance for Top APY | $0 | $0.01 |
American Express
Strengths
- American Express offers a High Yield Savings Account with a competitive APY of 3.50%.
- No maintenance fees or minimum balance requirements with American Express.
- American Express has a high App Store rating of 4.9.
Potential Drawbacks
- American Express has a BBB rating of F and is not BBB Accredited.
- American Express's APY has not changed from 30 days ago.
- American Express has a lower Google Play rating of 3.6.
Salem Five Direct
Strengths
- Salem Five Direct provides a higher APY of 3.71% for its eOne Savings account.
- Salem Five Direct has a strong BBB rating of A-.
- Salem Five Direct's Google Play rating is better at 4.2.
Potential Drawbacks
- Salem Five Direct's APY has decreased from 4.01% over the past 30 days.
- Salem Five Direct requires a minimum deposit of $10 to open an account.
- Salem Five Direct also has no physical branches.
→ As of November 14, 2025 American Express offers an APY of 3.50% for its High Yield Savings Account, with a minimum balance of $0, compared to Salem Five Direct's 3.71% APY for its eOne Savings account, with a minimum balance of $0.01.
→ Salem Five Direct yields $21 more than American Express on a $10,000 balance after one year. American Express pays $350, while Salem Five Direct pays $371 - an APY advantage for Salem Five Direct.
Calculate Savings Growth for American Express vs Salem Five Direct
American Express - High Yield Savings Account
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewSalem Five Direct - eOne Savings
Total savings breakdown:
- Interest earned: $2,248.1 (11.10%)
- Total contributions: $13,000 (64.20%)
- Initial deposit: $5,000 (24.69%)
Your total balance
$20,248.10
Total balance: $20,248.1
Earnings: $2,248.1
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, American Express's total earnings would be $134 lower than Salem Five Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare American Express' vs Salem Five Direct's Savings Accounts
| American Express | Salem Five Direct | ||
|---|---|---|---|
| Product | High Yield Savings Account | vs | eOne Savings |
| APY | 3.50% (as of 11/14/2025) | 3.71% (as of 11/14/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Monthly | |
| Minimum Deposit | $0 | $10 | |
| Minimum Balance for APY | $0 | $0.01 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 4.9/5 | 4.7/5 | |
| Google Play Rating | 3.6/5 | 4.2/5 | |
| BBB Rating | F | A- |
Comparative Historical APY Insights (Last 10 Months)
| American Express | Salem Five Direct | ||
|---|---|---|---|
| Product | High Yield Savings Account | vs | eOne Savings |
| Latest APY | 3.50 % | 3.71 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -3.3 | -1.6 | |
| Rate Changes / Mo | 0.30 | 0.20 | |
| Days Since Last Change | 115 | 9 | |
| High (-10 m) | 3.80 % | 4.01 % | |
| Low (-10 m) | 3.50 % | 3.71 % | |
| Draw-down from High | -7.9 % | -7.5 % | |
| Volatility (CV) | 0.028 | 0.020 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-10 m)
- Highest APY in the last 297 days.
- Low (-10 m)
- Lowest APY in the last 297 days.
- Draw-down from High
- How far today sits below the 10-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.