Forbright Bank vs. Salem Five Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 14, 2025
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Summary of Forbright Bank vs. Salem Five Direct
Key Metrics at a Glance
| Feature | Forbright Bank | Salem Five Direct |
|---|---|---|
| Top Savings APY | 4.00% Growth Savings | 3.71% eOne Savings |
| Minimum to Open | $0 | $10 |
| Minimum Balance for Top APY | $0 | $0.01 |
Forbright Bank
Strengths
- Forbright Bank offers a higher APY of 4.00% on its Growth Savings account.
- Forbright Bank has a better BBB rating of A+ and is BBB Accredited.
- Forbright Bank has more branch locations in the Washington D.C. area.
Potential Drawbacks
- Forbright Bank's Bright Savings account requires a minimum balance of $250,000 for the highest APY.
- Forbright Bank has no direct deposit option for its accounts.
- Forbright Bank's Sprout Savings account has a lower APY of 0.80% for balances above $9,999.
Salem Five Direct
Strengths
- Salem Five Direct's eOne Savings account has a low minimum deposit of $10.
- Salem Five Direct has a lower minimum balance requirement of $0.01 for its accounts.
- Salem Five Direct's App Store rating is 4.7, slightly lower than Forbright Bank's.
Potential Drawbacks
- Salem Five Direct's eOne Savings account has a current APY of 3.71%, down from 4.01% last month.
- Salem Five Direct is not BBB Accredited and has a lower BBB rating of A-.
- Salem Five Direct has no branch locations.
Summary: Forbright Bank offers a higher APY of 4.00% and has a strong BBB rating of A+, while Salem Five Direct's APY is lower at 3.71%. Forbright requires a higher minimum balance for its Bright Savings account, whereas Salem has a low minimum deposit of $10. Additionally, Forbright has physical branches, unlike Salem Five Direct, which operates online-only.
→ As of November 14, 2025 Forbright Bank offers an APY of 4.00% for its Growth 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.
→ Forbright Bank yields $29 more than Salem Five Direct on a $10,000 balance after one year. Forbright Bank pays $400, while Salem Five Direct pays $371 - an APY advantage for Forbright Bank.
→ In addition, Forbright Bank also offers 3.65% APY for the Bright Savings account.
Calculate Savings Growth for Forbright Bank vs Salem Five Direct
All calculations are based on APY.
Forbright Bank - Growth Savings
Top APY: 4.00%
Total savings breakdown:
- Interest earned: $2,434.7 (11.91%)
- Total contributions: $13,000 (63.62%)
- Initial deposit: $5,000 (24.47%)
Your total balance
$20,434.70
Effective APY: 4.00% (based on your deposit and contributions)
Total balance: $20,434.7
Earnings: $2,434.7
Bank OverviewSalem Five Direct - eOne Savings
Top APY: 3.71%
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
Effective APY: 3.71% (based on your deposit and contributions)
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, Forbright Bank's total earnings would be $186.6 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 Forbright Bank's vs Salem Five Direct's Savings Accounts
| Forbright Bank | Salem Five Direct | ||||
|---|---|---|---|---|---|
| Product | Growth Savings | Bright Savings | Sprout Savings | vs | eOne Savings |
| APY | 4.00% (as of 11/14/2025) | 2.75% - 3.65% (as of 11/14/2025) | 0.80% - 3.65% (as of 11/14/2025) | 3.71% (as of 11/14/2025) | |
| Bundled Account | No | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | No | No | Yes | |
| Compound Frequency | Daily | Daily | Daily | Monthly | |
| Minimum Deposit | $0 | $250 | $1 | $10 | |
| Minimum Balance for APY | $0 | $250,000 | $0.01 | $0.01 | |
| Maintenance Fee | $0 | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | No | |
| Eligibility | United States | This account must be opened in a Forbright branch (Washington, D.C. metro area) | This account is for children under 18 years old, where the account custodian is an existing customer. It must be opened in a Forbright branch (Washington, D.C. metro area) | United States | |
| Note | This is a tiered savings account, where the highest rate is obtained by meeting a minimum balance of $250,000. A lower APY of 2.75% may be obtained with as little as $0.01 in balance. See bank for more details and all tiers. | This is a tiered savings account, where the highest rate is capped at a balance of $9,999. A lower APY of 0.80% is applied to balances above that. See bank for more details. | |||
| 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)
| Forbright Bank | Salem Five Direct | ||||
|---|---|---|---|---|---|
| Product | Sprout Savings | Bright Savings | Growth Savings | vs | eOne Savings |
| Latest APY | 3.65 % | 3.65 % | 4.00 % | 3.71 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -2.7 | -2.8 | -1.9 | -1.6 | |
| Rate Changes / Mo | 0.10 | 0.10 | 0.10 | 0.20 | |
| Days Since Last Change | 44 | 44 | 37 | 9 | |
| High (-10 m) | 3.90 % | 3.90 % | 4.25 % | 4.01 % | |
| Low (-10 m) | 3.65 % | 3.65 % | 4.00 % | 3.71 % | |
| Draw-down from High | -6.4 % | -6.4 % | -5.9 % | -7.5 % | |
| Volatility (CV) | 0.026 | 0.026 | 0.021 | 0.020 | |
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 297 days.
- Low (-10 m)
- Lowest APY in the last 297 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.