Barclays vs. Salem Five Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 14, 2025
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Summary of Barclays vs. Salem Five Direct
Key Metrics at a Glance
| Feature | Barclays | Salem Five Direct |
|---|---|---|
| Top Savings APY | 4.10% Tiered Savings | 3.71% eOne Savings |
| Minimum to Open | $0 | $10 |
| Minimum Balance for Top APY | $250,000 | $0.01 |
| Note | The 4.10% APY is only available for balances over $250,000. For lower balances, the APY is 3.90%. |
Barclays
Strengths
- Barclays offers a high APY of 4.10% for balances over $250,000.
- Barclays has a higher BBB rating at A+ and is BBB Accredited.
- Barclays has a higher App Store rating of 4.9.
Potential Drawbacks
- Barclays requires a minimum balance of $250,000 to earn the highest APY.
- Barclays has no branches available for in-person banking.
- Barclays' lower APY for smaller balances is 3.90%.
Salem Five Direct
Strengths
- Salem Five Direct has a lower minimum deposit of $10 for its eOne Savings account.
- Salem Five Direct offers a competitive APY of 3.71%.
- Salem Five Direct has no minimum balance requirement.
Potential Drawbacks
- Salem Five Direct's APY decreased from 4.01% in the last 30 days.
- Salem Five Direct has a lower BBB rating at A- and is not BBB Accredited.
- Salem Five Direct has a lower App Store rating of 4.7.
→ As of November 14, 2025 Barclays offers an APY of 4.10% for its Tiered Savings account, with a minimum balance of $250,000, compared to Salem Five Direct's 3.71% APY for its eOne Savings account, with a minimum balance of $0.01.
→ Barclays yields $19 more than Salem Five Direct on a $10,000 balance after one year. Barclays pays $390 (with an effective APY of 3.9%), while Salem Five Direct pays $371 - an APY advantage for Barclays.
→ In addition, Barclays also offers 3.70% APY for the Online Savings account.
Calculate Savings Growth for Barclays vs Salem Five Direct
Barclays - Tiered Savings
⚠️The higher APY only applies once your balance reaches $250,000.
Total savings breakdown:
- Interest earned: $2,370.2 (11.64%)
- Total contributions: $13,000 (63.82%)
- Initial deposit: $5,000 (24.55%)
Your total balance
$20,370.20
Total balance: $20,370.2
Earnings: $2,370.2
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, Barclays's total earnings would be $122.1 higher than Salem Five Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Barclays' vs Salem Five Direct's Savings Accounts
| Barclays | Salem Five Direct | |||
|---|---|---|---|---|
| Product | Tiered Savings | Online Savings | vs | eOne Savings |
| APY | 3.90% - 4.10% (as of 11/14/2025) | 3.70% (as of 11/14/2025) | 3.71% (as of 11/14/2025) | |
| Bundled Account | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Monthly | |
| Minimum Deposit | $0 | $0 | $10 | |
| Minimum Balance for APY | $250,000 | Enough to earn $0.01 in interest | $0.01 | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | |
| Note | The 4.10% APY is only available for balances over $250,000. For lower balances, the APY is 3.90%. | |||
| App Store Rating | 4.9/5 | 4.7/5 | ||
| Google Play Rating | 4.7/5 | 4.2/5 | ||
| BBB Rating | A+ | A- | ||
Comparative Historical APY Insights (Last 10 Months)
| Barclays | Salem Five Direct | |||
|---|---|---|---|---|
| Product | Online Savings | Tiered Savings | vs | eOne Savings |
| Latest APY | 3.70 % | 4.10 % | 3.71 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -2.7 | -4.5 | -1.6 | |
| Rate Changes / Mo | 0.51 | 0.61 | 0.20 | |
| Days Since Last Change | 157 | 149 | 9 | |
| High (-10 m) | 4.00 % | 4.50 % | 4.01 % | |
| Low (-10 m) | 3.70 % | 4.10 % | 3.71 % | |
| Draw-down from High | -7.5 % | -8.9 % | -7.5 % | |
| Volatility (CV) | 0.024 | 0.035 | 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.