Neighbors Bank vs. Salem Five Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Neighbors BankNeighbors Savings Account Jan 7, 2026 | Salem Five DirecteOne Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.30% | 3.61% |
Est. Earnings | $5,000+$215 $10,000+$430 $25,000+$1,075 | $5,000+$181 $10,000+$361 $25,000+$903 |
Min Deposit | $0 | $10 |
Snapshot view. Rates subject to change. | ||
Terms | Balances up to $250,000 earn 4.30% APY. Anything above will earn 0.05% APY. | - |
| Features | FDIC InsuredNo MinimumsGreat Android AppIn-Person Access | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported |
Comparison Analysis
Comparing Neighbors Bank vs. Salem Five Direct
As of Neighbors Bank offers an APY of 4.30% for its Neighbors 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.
Neighbors Bank pays $69 more than Salem Five Direct on a $10,000 balance after one year. Neighbors Bank pays $430, while Salem Five Direct pays $361 - an APY advantage for Neighbors Bank.
Why Neighbors Bank?
- ✓Higher potential APY (4.30% vs 3.61%) on all balances
- ✓Physical branch access (One location in Columbia, Missouri)
Why Salem Five Direct?
- ✓No checking account or direct deposit required
- ✓Higher rated iOS app (4.7 vs 3.3)
- ✓Fast transfers via Zelle®
- ✓Available Nationwide
— Key Feature Differences —
Better Returns at $10,000
Neighbors BankNeighbors Bank's Neighbors Savings Account earns more on smaller deposits (approx. $430 vs $361/yr).
Better Returns at $25,000
Neighbors BankNeighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1075 vs $903/yr).
Best for Simplicity
Salem Five DirectSalem Five Direct's eOne Savings offers 3.61% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Neighbors Bank's Neighbors Savings Account pays $69 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
Neighbors Bank offers the Neighbors Savings Account with a competitive 4.30% APY on balances up to $250,000, making it a strong choice for savers, particularly those with larger deposits. In contrast, Salem Five Direct's eOne Savings provides a lower APY of 3.61%, but it is an online-only product with no minimum balance requirements and no direct deposit condition. While both accounts have no maintenance fees, Neighbors Bank's higher yield positions it as the more favorable option for those eligible, noting that it is not available in Delaware.
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
Neighbors Bank vs. Salem Five Direct Savings Calculator
You earn $69 more with Neighbors 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.
Neighbors Bank
Neighbors Savings Account
4.30% on first $250,000 and 0.05% thereafter.
Savings Breakdown
- Interest Earned+$430.00(4.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,430.00
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 | Neighbors Bank | Salem Five Direct |
|---|---|---|
| APY | 4.30% Verified: 1/7/2026 ↘︎ 0.30%90d Change | 3.61% Verified: 1/7/2026 ↘︎ 0.40%90d Change |
| Product Name | Neighbors Savings Account | eOne Savings |
| Minimum Deposit | $0 | $10 |
| Min. Balance for APY | $0 | $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 | iOS3.3 Android4.4 | iOS4.7 Android4.2 |
| Zelle® Support | Not Supported | Available Uses shared Salem Five mobile platform. |
| BBB Rating | A+ | A- |
| Important Notes | Balances up to $250,000 earn 4.30% APY. Anything above will earn 0.05% APY. | - |
| Next Steps | Visit SiteVerify at Neighbors 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 | Neighbors Bank | Salem Five Direct |
|---|---|---|
| Neighbors Savings Account | eOne Savings | |
Current APY | 4.30% | 3.61% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.6 | -3.8 |
Days Since Change | 28 | 21 |
10-Month High | 4.75% | 4.01% |
10-Month Low | 4.30% | 3.61% |
Adjustments / Mo | 0.28 | 0.28 |
Volatility Score | 0.023 | 0.038 |
How to read these metrics(Click to expand)
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