Barclays vs. Salem Five Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | BarclaysTiered Savings Jan 16, 2026 | Salem Five DirecteOne Savings Jan 16, 2026 |
|---|---|---|
| APY | 3.85% - 4.00% | 3.61% |
Est. Earnings | $5,000+$193 $10,000+$385 $25,000+$963 | $5,000+$181 $10,000+$361 $25,000+$903 |
Min Deposit | $0 | $10 |
Snapshot view. Rates subject to change. | ||
Terms | The 4.00% APY is only available for balances over $250,000. For lower balances, the APY is 3.85%. | - |
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android App | 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 4.20% APY.
Comparison Analysis
Comparing Barclays vs. Salem Five Direct
As of Barclays offers an APY of 4.00% for its Tiered Savings account, with a minimum balance of $250,000, compared to Salem Five Direct's 3.61% APY for its eOne Savings account, with a minimum balance of $0.01.
Barclays pays $24 more than Salem Five Direct on a $10,000 balance after one year. Barclays pays $385 (with an effective APY of 3.85%), while Salem Five Direct pays $361 - an APY advantage for Barclays.
In addition, Barclays also offers 3.60% APY for the Online Savings account, with a minimum balance of Enough to earn $0.01 in interest.
Why Barclays?
- ✓Higher potential APY (3.60%-4.00% vs 3.61%) on all balances
- ✓Higher rated Android app (4.7 vs 4.2)
- ✓Offers 2 different high-yield savings options
Why Salem Five Direct?
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
BarclaysBarclays's Tiered Savings earns more on smaller deposits (approx. $385 vs $361/yr).
Better Returns at $25,000
BarclaysBarclays's Tiered Savings pulls ahead with larger amounts (approx. $963 vs $903/yr).
Best Mobile App Experience
BarclaysBarclays offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.7 (vs. 4.2)
Shared Benefits
Over a 1-year period, Barclays's Tiered Savings pays $24 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.
Executive Summary as of
Barclays offers a Tiered Savings account with a competitive APY of 4.00% for balances over $250,000, while lower balances earn 3.85%. This account is online-only and does not require direct deposit. In comparison, Salem Five Direct provides an eOne Savings account with an APY of 3.61%, also online-only and with no direct deposit requirement. Although both banks offer attractive savings options, Barclays stands out with a significantly higher APY, making it the more favorable choice for larger deposits.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Barclays vs. Salem Five Direct Savings Calculator
You earn $24 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+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
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 | Barclays | Salem Five Direct |
|---|---|---|
| APY | 4.00% Range: 3.85% - 4.00% Verified: 1/16/2026 ↘︎ 0.10%90d Change | 3.61% Verified: 1/16/2026 ↘︎ 0.20%90d Change |
| Product Name | Tiered Savings | eOne Savings |
| Minimum Deposit | $0 | $10 |
| Min. Balance for APY | $250,000 | $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 Android4.7 | iOS4.7 Android4.2 |
| Zelle® Support | Not Supported | Available Uses shared Salem Five mobile platform. |
| BBB Rating | A+ | A- |
| Important Notes | The 4.00% APY is only available for balances over $250,000. For lower balances, the APY is 3.85%. | - |
| 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 | 3.60% | 4.00% | 3.61% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -2.7 | -4.1 | -3.5 |
Days Since Change | 51 | 58 | 30 |
12-Month High | 4.00% | 4.50% | 4.01% |
12-Month Low | 3.60% | 4.00% | 3.61% |
Adjustments / Mo | 0.50 | 0.58 | 0.25 |
Volatility Score | 0.027 | 0.038 | 0.039 |
How to read these metrics(Click to expand)
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