EverBank vs. Salem Five Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | EverBankPerformance Savings Jan 7, 2026 | Salem Five DirecteOne Savings Jan 7, 2026 |
|---|---|---|
| APY | 3.90% | 3.61% |
Est. Earnings | $5,000+$195 $10,000+$390 $25,000+$975 | $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 EverBank vs. Salem Five Direct
As of EverBank offers an APY of 3.90% for its Performance 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.
EverBank pays $29 more than Salem Five Direct on a $10,000 balance after one year. EverBank pays $390, while Salem Five Direct pays $361 - an APY advantage for EverBank.
Why EverBank?
- ✓Higher potential APY (3.90% vs 3.61%) on all balances
- ✓Physical branch access (11 locations in Florida and California)
- ✓Higher rated Android app (4.8 vs 4.2)
Why Salem Five Direct?
No distinct advantages found vs EverBank.
— Key Feature Differences —
Better Returns at $10,000
EverBankEverBank's Performance Savings earns more on smaller deposits (approx. $390 vs $361/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $975 vs $903/yr).
Best for Simplicity
EverBankEverBank's Performance Savings offers 3.90% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $29 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
EverBank offers a competitive Performance Savings account with a notable APY of 3.90%, which stands out as the highest among the compared banks. This account requires no minimum deposit or balance, and there are no maintenance fees or direct deposit requirements, making it a simple choice for savers. In contrast, Salem Five Direct's eOne Savings account provides a lower APY of 3.61%, also with no maintenance fees and a low minimum deposit of $10. Both accounts are online-only, catering to customers comfortable with digital banking.
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
Top Market Contenders
EverBank vs. Salem Five Direct Savings Calculator
You earn $29 more with EverBank 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.
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$390.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,390.00
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 | EverBank | Salem Five Direct |
|---|---|---|
| APY | 3.90% Verified: 1/7/2026 ↘︎ 0.15%90d Change | 3.61% Verified: 1/7/2026 ↘︎ 0.40%90d Change |
| Product Name | Performance Savings | 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 | iOS4.6 Android4.8 | iOS4.7 Android4.2 |
| Zelle® Support | Available Native integration verified. | Available Uses shared Salem Five mobile platform. |
| BBB Rating | A+ | A- |
| Next Steps | Visit SiteVerify at EverBank 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 | EverBank | Salem Five Direct |
|---|---|---|
| Performance Savings | eOne Savings | |
Current APY | 3.90% | 3.61% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.4 | -3.3 |
Days Since Change | 19 | 21 |
11-Month High | 4.30% | 4.01% |
11-Month Low | 3.90% | 3.61% |
Adjustments / Mo | 0.17 | 0.26 |
Volatility Score | 0.033 | 0.037 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare EverBank vs...
Comparing against Standard Savings
Compare Salem Five Direct vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.