Bask Bank vs. Salem Five Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Bask BankInterest Savings Account Jan 7, 2026 | Salem Five DirecteOne Savings Jan 7, 2026 |
|---|---|---|
| APY | 3.75% | 3.61% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$181 $10,000+$361 $25,000+$903 |
Min Deposit | $0 | $10 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android 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 Bask Bank vs. Salem Five Direct
As of Bask Bank offers an APY of 3.75% for its Interest 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.
Bask Bank pays $14 more than Salem Five Direct on a $10,000 balance after one year. Bask Bank pays $375, while Salem Five Direct pays $361 - an APY advantage for Bask Bank.
Why Bask Bank?
- ✓Higher potential APY (3.75% vs 3.61%) on all balances
- ✓Higher rated Android app (4.6 vs 4.2)
Why Salem Five Direct?
No distinct advantages found vs Bask Bank.
— Key Feature Differences —
Better Returns at $10,000
Bask BankBask Bank's Interest Savings Account earns more on smaller deposits (approx. $375 vs $361/yr).
Better Returns at $25,000
Bask BankBask Bank's Interest Savings Account pulls ahead with larger amounts (approx. $938 vs $903/yr).
Shared Benefits
Over a 1-year period, Bask Bank's Interest Savings Account pays $14 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
Bask Bank offers a competitive Interest Savings Account with an APY of 3.75%, making it the higher-yield option compared to Salem Five Direct's eOne Savings account, which has an APY of 3.61%. Both accounts are online-only and have no maintenance fees, with Bask Bank requiring no minimum deposit and Salem Five Direct requiring a minimum deposit of $10. Notably, Bask Bank's account demonstrates better returns at various deposit levels, especially at $10,000 and $25,000. Both accounts do not require direct deposit, providing flexibility for account holders.
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
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Bask Bank vs. Salem Five Direct Savings Calculator
You earn $14 more with Bask Bank 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.
Bask Bank
Interest Savings Account
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
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 | Bask Bank | Salem Five Direct |
|---|---|---|
| APY | 3.75% Verified: 1/7/2026 ↘︎ 0.30%90d Change | 3.61% Verified: 1/7/2026 ↘︎ 0.40%90d Change |
| Product Name | Interest 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 | iOS4.7 Android4.6 | iOS4.7 Android4.2 |
| Zelle® Support | Available Available for Interest Checking; not for standalone savings. | Available Uses shared Salem Five mobile platform. |
| BBB Rating | B | A- |
| Next Steps | Visit SiteVerify at Bask Bank 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 | Bask Bank | Salem Five Direct |
|---|---|---|
| Interest Savings Account | eOne Savings | |
Current APY | 3.75% | 3.61% |
Trend | Stable | Stable |
Velocity (bps/mo) | -5.1 | -3.3 |
Days Since Change | 19 | 21 |
11-Month High | 4.50% | 4.01% |
11-Month Low | 3.75% | 3.61% |
Adjustments / Mo | 0.51 | 0.26 |
Volatility Score | 0.045 | 0.037 |
How to read these metrics(Click to expand)
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