Citibank vs. Salem Five Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | CitibankCiti Accelerate Savings Jan 7, 2026 | Salem Five DirecteOne Savings Jan 7, 2026 |
|---|---|---|
| APY | 3.30% | 3.61% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$181 $10,000+$361 $25,000+$903 |
Min Deposit | $0 | $10 |
Snapshot view. Rates subject to change. | ||
Terms | Eligibility restricted to select states. | - |
| 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 Citibank vs. Salem Five Direct
As of Citibank offers an APY of 3.30% for its Citi Accelerate Savings account, with a minimum balance of $0.01, compared to Salem Five Direct's 3.61% APY for its eOne Savings account, with a minimum balance of $0.01.
Salem Five Direct pays $31 more than Citibank on a $10,000 balance after one year. Citibank pays $330, while Salem Five Direct pays $361 - an APY advantage for Salem Five Direct.
In addition, Citibank also offers 0.03% APY for the Citi® Savings Account account, with a minimum balance of $0.01.
Why Citibank?
- ✓Physical branch access (U.S. branches are concentrated in six metropolitan areas, New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami.)
- ✓Higher rated Android app (4.8 vs 4.2)
Why Salem Five Direct?
- ✓Higher potential APY (3.61% vs 3.30%) on all balances
- ✓Available Nationwide
— Key Feature Differences —
Better Returns at $10,000
Salem Five DirectSalem Five Direct's eOne Savings earns more on smaller deposits (approx. $361 vs $330/yr).
Better Returns at $25,000
Salem Five DirectSalem Five Direct's eOne Savings pulls ahead with larger amounts (approx. $903 vs $825/yr).
Best for Simplicity
Salem Five DirectSalem Five Direct's eOne Savings offers 3.61% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
CitibankCitibank offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.8 (vs. 4.2)
Shared Benefits
Over a 1-year period, Salem Five Direct's eOne Savings pays $31 more interest on a $10,000 balance than Citibank's Citi Accelerate Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Salem Five Direct offers a competitive eOne Savings account with an APY of 3.61%, making it the top choice compared to Citibank's Citi Accelerate Savings, which has an APY of 3.30%. Salem Five's account requires a minimum deposit of $10 and has no maintenance fees, while Citibank's account has a maintenance fee of $4.50, waived for balances over $500. Both accounts do not require direct deposit. Citibank's eligibility is restricted to select states, while Salem Five Direct is available online only, providing a straightforward savings option without additional requirements.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
Citibank vs. Salem Five Direct Savings Calculator
You earn $31 more with Salem Five Direct than Citibank 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.
Citibank
Citi Accelerate Savings
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
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 | Citibank | Salem Five Direct |
|---|---|---|
| APY | 3.30% Verified: 1/7/2026 ↘︎ 0.10%90d Change | 3.61% Verified: 1/7/2026 ↘︎ 0.40%90d Change |
| Product Name | Citi Accelerate Savings | eOne Savings |
| Minimum Deposit | $0 | $10 |
| Min. Balance for APY | $0.01 | $0.01 |
| Monthly Fee | $4.50. Waived for average monthly balances > $500 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.8 | iOS4.7 Android4.2 |
| Zelle® Support | Available Limit: $2,500/dayTiered limits based on account status (Citigold higher). | Available Uses shared Salem Five mobile platform. |
| BBB Rating | D- | A- |
| Important Notes | Eligibility restricted to select states. | - |
| Next Steps | Visit SiteVerify at Citibank 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 | Citibank | Salem Five Direct | |
|---|---|---|---|
| Citi® Savings Account | Citi Accelerate Savings | eOne Savings | |
Current APY | 0.03% | 3.30% | 3.61% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -4.8 | -3.4 |
Days Since Change | 343 | 50 | 21 |
11-Month High | 0.03% | 3.80% | 4.01% |
11-Month Low | 0.03% | 3.30% | 3.61% |
Adjustments / Mo | 0.00 | 0.52 | 0.26 |
Volatility Score | 0.000 | 0.047 | 0.037 |
How to read these metrics(Click to expand)
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