American Express vs. Salem Five Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | American ExpressHigh Yield Savings Account Jan 7, 2026 | Salem Five DirecteOne Savings Jan 7, 2026 |
|---|---|---|
| APY | 3.30% | 3.61% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$181 $10,000+$361 $25,000+$903 |
Min Deposit | $0 | $10 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppZelle® Supported | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing American Express vs. Salem Five Direct
As of American Express offers an APY of 3.30% for its High Yield Savings Account, with a minimum balance of $0, compared to Salem Five Direct's 3.61% APY for its eOne Savings account, with a minimum balance of $0.01.
Salem Five Direct pays $31 more than American Express on a $10,000 balance after one year. American Express pays $330, while Salem Five Direct pays $361 - an APY advantage for Salem Five Direct.
Why American Express?
No distinct advantages found vs Salem Five Direct.
Why Salem Five Direct?
- ✓Higher potential APY (3.61% vs 3.30%) on all balances
- ✓Higher rated Android app (4.2 vs 3.6)
— Key Feature Differences —
Better Returns at $10,000
Salem Five DirectSalem Five Direct's eOne Savings earns more on smaller deposits (approx. $361 vs $330/yr).
Better Returns at $25,000
Salem Five DirectSalem Five Direct's eOne Savings pulls ahead with larger amounts (approx. $903 vs $825/yr).
Best for Simplicity
Salem Five DirectSalem Five Direct's eOne Savings offers 3.61% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Salem Five Direct's eOne Savings pays $31 more interest on a $10,000 balance than American Express's High Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Salem Five Direct offers a competitive eOne Savings account with an APY of 3.61%, making it the winner in this comparison. This account has no minimum balance requirement and does not necessitate direct deposit, providing flexibility for savers. In contrast, American Express features a High Yield Savings Account with a slightly lower APY of 3.30%. While both accounts are online-only and have no maintenance fees, Salem Five Direct's higher yield offers better returns, especially on larger deposits. Overall, for those seeking higher interest rates without additional conditions, Salem Five Direct stands out.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
American Express vs. Salem Five Direct Savings Calculator
You earn $31 more with Salem Five Direct than American Express on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
American Express
High Yield Savings Account
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
Salem Five Direct
eOne Savings
Savings Breakdown
- Interest Earned+$361.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,361.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | American Express | Salem Five Direct |
|---|---|---|
| APY | 3.30% Verified: 1/7/2026 ↘︎ 0.20%90d Change | 3.61% Verified: 1/7/2026 ↘︎ 0.40%90d Change |
| Product Name | High Yield Savings 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 Android3.6 | iOS4.7 Android4.2 |
| Zelle® Support | Available Requires Amex Rewards Checking; not available for standalone HYSA. | Available Uses shared Salem Five mobile platform. |
| BBB Rating | F | A- |
| Next Steps | Visit SiteVerify at American Express Non-sponsored link to official site | Visit SiteVerify at Salem Five Direct Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | Salem Five Direct |
|---|---|---|
| High Yield Savings Account | eOne Savings | |
Current APY | 3.30% | 3.61% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.4 | -3.3 |
Days Since Change | 8 | 21 |
11-Month High | 3.80% | 4.01% |
11-Month Low | 3.30% | 3.61% |
Adjustments / Mo | 0.43 | 0.26 |
Volatility Score | 0.035 | 0.037 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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