Barclays vs. Salem Five Direct
Barclays edges out Salem Five Direct slightly at 3.85% vs 3.61% APY. On a $10,000 balance, the difference is just $9 per year—so other factors may matter more.
The Bottom Line
The Barclays and Salem Five Direct savings accounts are very similar. Choose Barclays if you're an Android user, or choose Salem Five Direct if you want Zelle for quick transfers.
| Metric | BarclaysTiered Savings Feb 21, 2026 | Salem Five DirecteOne Savings Feb 21, 2026 |
|---|---|---|
| APY | 3.70% - 3.85% | 3.61% |
Est. Earnings | $5,000+$185 $10,000+$370 $25,000+$925 | $5,000+$181 $10,000+$361 $25,000+$903 |
Min Deposit | $0 | $10 |
Snapshot view. Rates subject to change. | ||
Terms | The 3.85% APY is only available for balances over $250,000. For lower balances, the APY is 3.70%. | - |
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® SupportedRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing Barclays vs. Salem Five Direct
Executive Summary
Barclays offers a competitive Online Savings account with an APY of 3.50%, while its Tiered Savings account provides a higher APY of 3.85% for balances over $250,000, making it the standout option. For lower balances, the Tiered Savings account yields 3.70%. In comparison, Salem Five Direct's eOne Savings account has an APY of 3.61%, which is slightly lower than Barclays' highest yield. Both banks offer online-only accounts with no maintenance fees and no direct deposit requirements. However, Barclays requires a minimum balance of $250,000 for its highest APY, while Salem Five Direct has a much lower minimum deposit of $10.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Barclays?
- ✓Higher potential APY (3.50%-3.85% vs 3.61%) on all balances
- ✓Higher rated Android app (4.7 vs 4.1)
- ✓Offers 2 different high-yield savings options
Why Salem Five Direct?
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Best Mobile App Experience
BarclaysBarclays offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.7 (vs. 4.1)
Shared Benefits
Over a 1-year period, Barclays's Tiered Savings pays $9 more interest on a $10,000 balance than Salem Five Direct's eOne Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Barclays vs. Salem Five Direct Savings Calculator
You earn $9 more with Barclays than Salem Five Direct 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.
Barclays
Tiered Savings
Higher APY requires $250,000
Savings Breakdown
- Interest Earned+$370.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,370.00
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.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $360 per year in interest.
Both Barclays and Salem Five Direct dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Barclays | Salem Five Direct |
|---|---|---|
| APY | 3.85% Range: 3.70% - 3.85% Verified: 2/21/2026 ↘︎ 0.15%90d Change | 3.61% Verified: 2/21/2026 ↘︎ 0.10%90d Change |
| Product Name | Tiered Savings | eOne Savings |
| Minimum Deposit | $0 | $10 |
| Min. Balance for APY | $250,000 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Monthly |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Uses shared Salem Five mobile platform. |
| BBB Rating | A+ | A- |
| Important Notes | The 3.85% APY is only available for balances over $250,000. For lower balances, the APY is 3.70%. | - |
| Next Steps | Visit SiteVerify at Barclays 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 | Barclays | Salem Five Direct | |
|---|---|---|---|
| Online Savings | Tiered Savings | eOne Savings | |
Current APY | 3.50% | 3.85% | 3.61% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -2.5 | -3.5 | -4.2 |
Days Since Change | 1 | 1 | 66 |
12-Month High | 3.90% | 4.40% | 4.01% |
12-Month Low | 3.50% | 3.85% | 3.61% |
Adjustments / Mo | 0.49 | 0.58 | 0.25 |
Volatility Score | 0.026 | 0.033 | 0.045 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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More Comparisons
Compare Barclays' APY of 3.85% with other banks
Compare Salem Five Direct's APY of 3.61% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Salem Five Direct vs Ally Bank | 3.20% | $0 |
| Salem Five Direct vs American Express | 3.30% | $0 |
| Salem Five Direct vs Axos Bank | 4.21% | $0 |
| Salem Five Direct vs Bank of America | 0.01% | $100 |
| Salem Five Direct vs Capital One | 3.30% | $0 |
| Salem Five Direct vs Chase Bank | 0.01% | $0 |
| Salem Five Direct vs Chime | 3.00% | $0 |
| Salem Five Direct vs CIT Bank | 3.75% | $100 |
| Salem Five Direct vs Citibank | 3.20% | $0 |
| Salem Five Direct vs Discover Bank | 3.30% | $0 |
| Salem Five Direct vs EverBank | 3.90% | $0 |
| Salem Five Direct vs Marcus by Goldman Sachs | 3.65% | $0 |
| Salem Five Direct vs Newtek Bank | 4.20% | $0.01 |
| Salem Five Direct vs Openbank | 4.09% | $500 |
| Salem Five Direct vs Pibank | 4.60% | $0 |
| Salem Five Direct vs SoFi Bank | 4.00% | $0 |
| Salem Five Direct vs Synchrony Bank | 3.50% | $0 |
| Salem Five Direct vs Varo Bank | 5.00% | $0 |
| Salem Five Direct vs Wealthfront | 3.95% | $0 |
| Salem Five Direct vs Wells Fargo | 0.05% | $25 |