Betterment vs. Salem Five Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
Betterment
Cash Reserve
3.50%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Betterment
Cash Reserve
Salem Five Direct
eOne Savings
3.71%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Salem Five Direct
eOne Savings
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Betterment vs. Salem Five Direct Savings Calculator
Salem Five Direct earns $134 more than Betterment.
Betterment
Cash Reserve
Savings Breakdown
- Interest Earned+$2,114.10(10.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,114.10
Salem Five Direct
eOne Savings
Savings Breakdown
- Interest Earned+$2,248.10(11.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,248.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Betterment vs. Salem Five Direct
Why Betterment?
- ✓Higher rated Android app (4.7 vs 4.2)
Why Salem Five Direct?
- ✓Higher potential APY (3.71% vs 3.50%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Salem Five DirectSalem Five Direct's eOne Savings earns more on smaller deposits (approx. $371 vs $350/yr).
Better Returns at $25,000
Salem Five DirectSalem Five Direct's eOne Savings pulls ahead with larger amounts (approx. $928 vs $875/yr).
Best for Simplicity
Salem Five DirectSalem Five Direct's eOne Savings offers 3.71% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Salem Five Direct's eOne Savings pays $21 more interest on a $10,000 balance than Betterment's Cash Reserve.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Salem Five Direct's eOne Savings stands out with a competitive APY of 3.71%, making it the superior choice compared to Betterment's Cash Reserve, which offers an APY of 3.50%. Both accounts require a minimum deposit of $10 and have no maintenance fees, but Salem Five Direct provides better returns, especially at higher balances. Both products are online-only and do not require direct deposit. For those seeking a straightforward savings option, Salem Five Direct's eOne Savings is recommended for its higher yield.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Betterment and Salem Five Direct.
| Feature | Betterment | Salem Five Direct |
|---|---|---|
| APY | 3.50% Verified: 12/10/2025 ↘︎ 0.50%90d Change | 3.71% Verified: 12/10/2025 ↘︎ 0.30%90d Change |
| Product Name | Cash Reserve | eOne Savings |
| Minimum Deposit | $10 | $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 | iOS4.8 Android4.7 | iOS4.7 Android4.2 |
| BBB Rating | A- | A- |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Betterment | Salem Five Direct |
|---|---|---|
| Cash Reserve | eOne Savings | |
Current APY | 3.50% | 3.71% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.6 | -2.5 |
Days Since Change | 39 | 35 |
11-Month High | 4.00% | 4.01% |
11-Month Low | 3.50% | 3.71% |
Adjustments / Mo | 0.19 | 0.19 |
Volatility Score | 0.049 | 0.029 |
How to read these metrics(Click to expand)
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