Forbright Bank vs. Salem Five Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Forbright BankGrowth Savings Jan 7, 2026 | Salem Five DirecteOne Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.00% | 3.61% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $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 Forbright Bank vs. Salem Five Direct
As of 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 3.61% APY for its eOne Savings account, with a minimum balance of $0.01.
Forbright Bank pays $39 more than Salem Five Direct on a $10,000 balance after one year. Forbright Bank pays $400, while Salem Five Direct pays $361 - an APY advantage for Forbright Bank.
In addition, Forbright Bank also offers 3.65% APY for the Bright Savings account, with a minimum balance of $250,000.
Why Forbright Bank?
- ✓Higher potential APY (3.65%-4.00% vs 3.61%) on all balances
- ✓Physical branch access (Locations in the Washington D.C. area (Maryland and Virginia))
- ✓Higher rated Android app (4.5 vs 4.2)
- ✓Offers 3 different high-yield savings options
Why Salem Five Direct?
No distinct advantages found vs Forbright Bank.
— Key Feature Differences —
Better Returns at $10,000
Forbright BankForbright Bank's Growth Savings earns more on smaller deposits (approx. $400 vs $361/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $1000 vs $903/yr).
Best for Simplicity
Forbright BankForbright Bank's Growth Savings offers 4.00% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Forbright Bank's Growth Savings pays $39 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
Forbright Bank offers a standout Growth Savings account with a competitive 4.00% APY, making it an attractive option for savers looking for higher returns without any direct deposit requirements or account caps. Additionally, it has no maintenance fees and allows for daily compounding. In contrast, Salem Five Direct's eOne Savings account provides a slightly lower APY of 3.61%, but also features no maintenance fees and requires a minimum deposit of just $10. Overall, Forbright Bank's Growth Savings account is the superior choice for those prioritizing higher yields.
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
Forbright Bank vs. Salem Five Direct Savings Calculator
You earn $39 more with Forbright Bank 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.
Forbright Bank
Growth Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
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 | Forbright Bank | Salem Five Direct |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 3.61% Verified: 1/7/2026 ↘︎ 0.40%90d Change |
| Product Name | Growth 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 | iOS4.8 Android4.5 | iOS4.7 Android4.2 |
| Zelle® Support | Available Branch accounts only; Growth Savings online does NOT support. | Available Uses shared Salem Five mobile platform. |
| BBB Rating | A+ | A- |
| Next Steps | Visit SiteVerify at Forbright Bank 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 | Forbright Bank | Salem Five Direct | ||
|---|---|---|---|---|
| Sprout Savings | Bright Savings | Growth Savings | eOne Savings | |
Current APY | 3.65% | 3.65% | 4.00% | 3.61% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.3 | -3.3 | -2.7 | -3.3 |
Days Since Change | 98 | 98 | 90 | 21 |
11-Month High | 3.90% | 3.90% | 4.25% | 4.01% |
11-Month Low | 3.65% | 3.65% | 4.00% | 3.61% |
Adjustments / Mo | 0.09 | 0.09 | 0.09 | 0.26 |
Volatility Score | 0.032 | 0.032 | 0.028 | 0.037 |
How to read these metrics(Click to expand)
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