Chase Bank vs. Salem Five Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 14, 2025
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Summary of Chase Bank vs. Salem Five Direct
Key Metrics at a Glance
| Feature | Chase Bank | Salem Five Direct |
|---|---|---|
| Top Savings APY | 0.01% Chase Savings℠ | 3.71% eOne Savings |
| Minimum to Open | $0 | $10 |
| Minimum Balance for Top APY | $0 | $0.01 |
| Note | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. |
Chase Bank
Strengths
- Chase Bank has a high App Store rating of 4.8.
- Chase Savings℠ has no minimum balance requirement.
Potential Drawbacks
- Chase Savings℠ offers a low APY of 0.01%, unchanged from 30 days ago.
- Chase Bank charges a $5 maintenance fee unless certain conditions are met.
Salem Five Direct
Strengths
- Salem Five Direct offers a competitive APY of 3.71%, though it decreased from 4.01% in the last 30 days.
- Salem Five Direct has no maintenance fees.
Potential Drawbacks
- Salem Five Direct requires a minimum deposit of $10 to open an account.
- Salem Five Direct has a lower Google Play rating of 4.2.
→ As of November 14, 2025 Chase Bank offers an APY of 0.01% for its Chase 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.
→ Salem Five Direct yields $370 more than Chase Bank on a $10,000 balance after one year. Chase Bank pays $1, while Salem Five Direct pays $371 - an APY advantage for Salem Five Direct.
Calculate Savings Growth for Chase Bank vs Salem Five Direct
Chase Bank - Chase Savings℠
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Total balance: $18,005.7
Earnings: $5.7
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, Chase Bank's total earnings would be $2,242.4 lower than Salem Five Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Chase Bank's vs Salem Five Direct's Savings Accounts
| Chase Bank | Salem Five Direct | ||
|---|---|---|---|
| Product | Chase Savings℠ | vs | eOne Savings |
| APY | 0.01% (as of 11/14/2025) | 3.71% (as of 11/14/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | Yes | |
| Compound Frequency | Monthly | Monthly | |
| Minimum Deposit | $0 | $10 | |
| Minimum Balance for APY | $0 | $0.01 | |
| Maintenance Fee | $5 | $0 | |
| Direct Deposit Required | No | No | |
| Note | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. | ||
| App Store Rating | 4.8/5 | 4.7/5 | |
| Google Play Rating | 4.6/5 | 4.2/5 | |
| BBB Rating | A- | A- |
Comparative Historical APY Insights (Last 10 Months)
| Chase Bank | Salem Five Direct | ||
|---|---|---|---|
| Product | Chase Savings℠ | vs | eOne Savings |
| Latest APY | 0.01 % | 3.71 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -1.6 | |
| Rate Changes / Mo | 0.00 | 0.21 | |
| Days Since Last Change | 289 | 9 | |
| High (-10 m) | 0.01 % | 4.01 % | |
| Low (-10 m) | 0.01 % | 3.71 % | |
| Draw-down from High | 0.0 % | -7.5 % | |
| Volatility (CV) | 0.000 | 0.021 |
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 290 days.
- Low (-10 m)
- Lowest APY in the last 290 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.