Elevault vs. Salem Five Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 14, 2025
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Summary of Elevault vs. Salem Five Direct
Key Metrics at a Glance
| Feature | Elevault | Salem Five Direct |
|---|---|---|
| Top Savings APY | 4.08% High Yield Savings Account | 3.71% eOne Savings |
| Minimum to Open | $0 | $10 |
| Minimum Balance for Top APY | $0 | $0.01 |
| Note | The 4.08% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
Elevault
Strengths
- Elevault offers a higher APY of 4.08% compared to Salem Five Direct's 3.71%.
- Elevault has no maintenance fees and no minimum deposit requirements.
- Elevault's BBB rating is A+, higher than Salem Five Direct's A-.
Potential Drawbacks
- Elevault's APY decreased from 4.34% in the last 30 days.
- Elevault has a lower App Store rating of 3.7 compared to Salem Five Direct's 4.7.
- Elevault has no physical branches.
Salem Five Direct
Strengths
- Salem Five Direct has a higher Google Play rating of 4.2.
- Salem Five Direct requires only a $10 minimum deposit to open an account.
- Salem Five Direct's APY is stable at 3.71%.
Potential Drawbacks
- Salem Five Direct's APY decreased from 4.01% in the last 30 days.
- Salem Five Direct's BBB rating is A-, lower than Elevault's A+.
- Salem Five Direct has no physical branches.
→ As of November 14, 2025 Elevault offers an APY of 4.08% for its High Yield 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.
→ Elevault yields $37 more than Salem Five Direct on a $10,000 balance after one year. Elevault pays $408, while Salem Five Direct pays $371 - an APY advantage for Elevault.
Calculate Savings Growth for Elevault vs Salem Five Direct
Elevault - High Yield Savings Account
Total savings breakdown:
- Interest earned: $2,486.4 (12.14%)
- Total contributions: $13,000 (63.46%)
- Initial deposit: $5,000 (24.41%)
Your total balance
$20,486.40
Total balance: $20,486.4
Earnings: $2,486.4
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, Elevault's total earnings would be $238.3 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 Elevault's vs Salem Five Direct's Savings Accounts
| Elevault | Salem Five Direct | ||
|---|---|---|---|
| Product | High Yield Savings Account | vs | eOne Savings |
| APY | 4.08% (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 | |
| Note | The 4.08% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. | ||
| App Store Rating | 3.7/5 | 4.7/5 | |
| Google Play Rating | 4.0/5 | 4.2/5 | |
| BBB Rating | A+ | A- |
Comparative Historical APY Insights (Last 3 Months)
| Elevault | Salem Five Direct | ||
|---|---|---|---|
| Product | High Yield Savings Account | vs | eOne Savings |
| Latest APY | 4.08 % | 3.71 % | |
| Trend | Falling | Falling | |
| Slope (bps/mo) | -16.1 | -9.6 | |
| Rate Changes / Mo | 0.59 | 0.59 | |
| Days Since Last Change | 10 | 9 | |
| High (-3 m) | 4.60 % | 4.01 % | |
| Low (-3 m) | 4.08 % | 3.71 % | |
| Draw-down from High | -11.3 % | -7.5 % | |
| Volatility (CV) | 0.041 | 0.030 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 3 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 (-3 m)
- Highest APY in the last 101 days.
- Low (-3 m)
- Lowest APY in the last 101 days.
- Draw-down from High
- How far today sits below the 3-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.