MutualOne Bank vs. Salem Five Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | MutualOne BankMo Premium Savings Jan 7, 2026 | Salem Five DirecteOne Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.07% | 3.61% |
Est. Earnings | $5,000+$0 $10,000+$0 $25,000+$1,018 | $5,000+$181 $10,000+$361 $25,000+$903 |
Min Deposit | $20,000 | $10 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® 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 MutualOne Bank vs. Salem Five Direct
As of MutualOne Bank offers an APY of 4.07% for its Mo Premium Savings account, with a minimum balance of $20,000, compared to Salem Five Direct's 3.61% APY for its eOne Savings account, with a minimum balance of $0.01.
MutualOne Bank pays $46 more than Salem Five Direct on a $10,000 balance after one year. MutualOne Bank pays $407, while Salem Five Direct pays $361 - an APY advantage for MutualOne Bank.
In addition, MutualOne Bank also offers 0.40% APY for the Online Savings account, with a minimum balance of 0.
Why MutualOne Bank?
- ✓Higher potential APY (4.07% vs 3.61%)
- ✓Physical branch access (Full-service banking offices in Framingham, MA, and Natick, MA)
Why Salem Five Direct?
No distinct advantages found vs MutualOne Bank.
— Key Feature Differences —
Better Returns at $10,000
Salem Five DirectSalem Five Direct's eOne Savings earns more on smaller deposits (approx. $361 vs $0/yr).
Better Returns at $25,000
MutualOne BankMutualOne Bank's Mo Premium Savings pulls ahead with larger amounts (approx. $1018 vs $903/yr).
Best for Simplicity
MutualOne BankMutualOne Bank's Mo Premium Savings offers 4.07% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
MutualOne BankMutualOne Bank offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.4 (vs. 4.2)
Shared Benefits
Over a 1-year period, MutualOne Bank's Mo Premium Savings pays $46 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
MutualOne Bank offers a competitive Mo Premium Savings account with a notable 4.07% APY, making it the superior choice for savers looking to maximize their returns on larger deposits, specifically over $20,000. This account has no direct deposit requirement and no maintenance fees, enhancing its appeal. In contrast, Salem Five Direct's eOne Savings account provides a lower APY of 3.61%, but is accessible with a minimum deposit of just $10 and no maintenance fees, making it suitable for those starting with smaller amounts. Both accounts are online-only and FDIC insured.
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
MutualOne Bank vs. Salem Five Direct Savings Calculator
You earn $92 more with MutualOne Bank than Salem Five Direct on a $20,000 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.
MutualOne Bank
Mo Premium Savings
Savings Breakdown
- Interest Earned+$814.00(3.9%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,814.00
Salem Five Direct
eOne Savings
Savings Breakdown
- Interest Earned+$722.00(3.5%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,722.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | MutualOne Bank | Salem Five Direct |
|---|---|---|
| APY | 4.07% Verified: 1/7/2026 Stable (90d) | 3.61% Verified: 1/7/2026 ↘︎ 0.40%90d Change |
| Product Name | Mo Premium Savings | eOne Savings |
| Minimum Deposit | $20,000 | $10 |
| Min. Balance for APY | $20,000 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.4 | iOS4.7 Android4.2 |
| Zelle® Support | Available Verified via website and app descriptions. | Available Uses shared Salem Five mobile platform. |
| BBB Rating | A+ | A- |
| Next Steps | Visit SiteVerify at MutualOne 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 | MutualOne Bank | Salem Five Direct | |
|---|---|---|---|
| Online Savings | Mo Premium Savings | eOne Savings | |
Current APY | 0.40% | 4.07% | 3.61% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -0.0 | -12.0 |
Days Since Change | 114 | 114 | 21 |
4-Month High | 0.40% | 4.07% | 4.01% |
4-Month Low | 0.40% | 4.07% | 3.61% |
Adjustments / Mo | 0.00 | 0.00 | 0.77 |
Volatility Score | 0.000 | 0.000 | 0.037 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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