Go2bank vs. Salem Five Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 14, 2025
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Summary of GO2bank vs. Salem Five Direct
Key Metrics at a Glance
| Feature | GO2bank | Salem Five Direct |
|---|---|---|
| Top Savings APY | 4.50% High Yield Savings | 3.71% eOne Savings |
| Minimum to Open | $0 | $10 |
| Minimum Balance for Top APY | $0 | $0.01 |
| Note | A GO2bank checking account is required to open a savings account. The 4.50% APY is up to 5,000. Balances above that earn no interest. |
GO2bank
Strengths
- GO2bank offers a higher APY of 4.50% compared to Salem Five Direct's 3.71%.
- GO2bank has no minimum balance requirement for its High Yield Savings account.
- GO2bank has a higher App Store rating of 4.8 versus Salem Five Direct's 4.7.
Potential Drawbacks
- GO2bank charges a $5 monthly maintenance fee unless direct deposit is set up.
- GO2bank is not BBB accredited and has no BBB rating.
- A GO2bank checking account is required to open a savings account.
Salem Five Direct
Strengths
- Salem Five Direct has no monthly maintenance fees for its eOne Savings account.
- Salem Five Direct has an A- BBB rating, indicating better trustworthiness.
- Salem Five Direct allows a minimum deposit of only $10 to open an account.
Potential Drawbacks
- Salem Five Direct's APY decreased from 4.01% to 3.71% in the last 30 days.
- Salem Five Direct has a lower App Store rating of 4.7 compared to GO2bank's 4.8.
- Salem Five Direct has no physical branches available.
→ As of November 14, 2025 GO2bank offers an APY of 4.50% 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.
→ Salem Five Direct yields $146 more than GO2bank on a $10,000 balance after one year. GO2bank pays $225 (with an effective APY of 2.25%), while Salem Five Direct pays $371 - an APY advantage for Salem Five Direct.
Calculate Savings Growth for GO2bank vs Salem Five Direct
GO2bank - High Yield Savings
ℹ️You earn 4.50% on the first $5,000 and 0.00% on the rest.
Total savings breakdown:
- Interest earned: $1,230.9 (6.40%)
- Total contributions: $13,000 (67.60%)
- Initial deposit: $5,000 (26.00%)
Your total balance
$19,230.90
Total balance: $19,230.9
Earnings: $1,230.9
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, GO2bank's total earnings would be $1,017.2 lower than Salem Five Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare GO2bank's vs Salem Five Direct's Savings Accounts
| GO2bank | Salem Five Direct | ||
|---|---|---|---|
| Product | High Yield Savings | vs | eOne Savings |
| APY | 0.00% - 4.50% (as of 11/14/2025) | 3.71% (as of 11/14/2025) | |
| Bundled Account | Yes | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Quarterly | Monthly | |
| Minimum Deposit | $0 | $10 | |
| Minimum Balance for APY | $0 | $0.01 | |
| Maintenance Fee | $5 per month, unless you set up direct deposit | $0 | |
| Direct Deposit Required | No | No | |
| Note | A GO2bank checking account is required to open a savings account. The 4.50% APY is up to 5,000. Balances above that earn no interest. | ||
| App Store Rating | 4.8/5 | 4.7/5 | |
| Google Play Rating | 4.5/5 | 4.2/5 | |
| BBB Rating | Not Rated | A- |
Comparative Historical APY Insights (Last 3 Months)
| GO2bank | Salem Five Direct | ||
|---|---|---|---|
| Product | High Yield Savings | vs | eOne Savings |
| Latest APY | 4.50 % | 3.71 % | |
| Trend | Sideways | Falling | |
| Slope (bps/mo) | 0.0 | -9.6 | |
| Rate Changes / Mo | 0.00 | 0.59 | |
| Days Since Last Change | 100 | 9 | |
| High (-3 m) | 4.50 % | 4.01 % | |
| Low (-3 m) | 4.50 % | 3.71 % | |
| Draw-down from High | 0.0 % | -7.5 % | |
| Volatility (CV) | 0.000 | 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.