Bask Bank vs. Salem Five Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 14, 2025
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Summary of Bask Bank vs. Salem Five Direct
Key Metrics at a Glance
| Feature | Bask Bank | Salem Five Direct |
|---|---|---|
| Top Savings APY | 3.90% Interest Savings Account | 3.71% eOne Savings |
| Minimum to Open | $0 | $10 |
| Minimum Balance for Top APY | $0 | $0.01 |
Bask Bank
Strengths
- Bask Bank offers a higher APY of 3.90% compared to Salem Five Direct's 3.71%.
- Bask Bank has no minimum deposit requirement for its Interest Savings Account.
- Bask Bank has a higher App Store rating of 4.7 than Salem Five Direct's 4.7.
Potential Drawbacks
- Bask Bank's APY decreased from 4.05% in the last 30 days.
- Bask Bank has a lower BBB rating of B compared to Salem Five Direct's A-.
- Bask Bank's Google Play rating is 4.5, while Salem Five Direct's is 4.2.
Salem Five Direct
Strengths
- Salem Five Direct has a better BBB rating of A- compared to Bask Bank's B.
- Salem Five Direct's eOne Savings account requires only a $10 minimum deposit.
- Salem Five Direct's APY only decreased slightly from 4.01% in the last 30 days.
Potential Drawbacks
- Salem Five Direct offers a lower APY of 3.71% compared to Bask Bank's 3.90%.
- Salem Five Direct has a lower App Store rating of 4.7 than Bask Bank's 4.7.
- Salem Five Direct's Google Play rating is 4.2, while Bask Bank's is 4.5.
→ As of November 14, 2025 Bask Bank offers an APY of 3.90% for its Interest 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.
→ Bask Bank yields $19 more than Salem Five Direct on a $10,000 balance after one year. Bask Bank pays $390, while Salem Five Direct pays $371 - an APY advantage for Bask Bank.
Calculate Savings Growth for Bask Bank vs Salem Five Direct
Bask Bank - Interest Savings Account
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, Bask Bank'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 Bask Bank's vs Salem Five Direct's Savings Accounts
| Bask Bank | Salem Five Direct | ||
|---|---|---|---|
| Product | Interest Savings Account | vs | eOne Savings |
| APY | 3.90% (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 | 4.7/5 | 4.7/5 | |
| Google Play Rating | 4.5/5 | 4.2/5 | |
| BBB Rating | B | A- |
Comparative Historical APY Insights (Last 10 Months)
| Bask Bank | Salem Five Direct | ||
|---|---|---|---|
| Product | Interest Savings Account | vs | eOne Savings |
| Latest APY | 3.90 % | 3.71 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.0 | -1.6 | |
| Rate Changes / Mo | 0.51 | 0.20 | |
| Days Since Last Change | 8 | 9 | |
| High (-10 m) | 4.50 % | 4.01 % | |
| Low (-10 m) | 3.90 % | 3.71 % | |
| Draw-down from High | -13.3 % | -7.5 % | |
| Volatility (CV) | 0.030 | 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.