Peak Bank vs. Salem Five Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 14, 2025
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Summary of Peak Bank vs. Salem Five Direct
Key Metrics at a Glance
| Feature | Peak Bank | Salem Five Direct |
|---|---|---|
| Top Savings APY | 4.20% Envision High Yield Savings | 3.71% eOne Savings |
| Minimum to Open | $100 | $10 |
| Minimum Balance for Top APY | $0.01 |
Peak Bank
Strengths
- Peak Bank offers a higher APY of 4.20% compared to Salem Five Direct.
- Peak Bank has a better BBB rating of A+.
- Peak Bank has a higher App Store rating of 4.8.
Potential Drawbacks
- Peak Bank has no branches, which may limit customer service options.
Salem Five Direct
Strengths
- Salem Five Direct requires a lower minimum deposit of $10.
- Salem Five Direct has a lower minimum balance requirement of $0.01.
- Salem Five Direct has a Google Play rating of 4.2.
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 BBB rating of A-.
→ As of November 14, 2025 Peak Bank offers an APY of 4.20% for its Envision High Yield Savings account, with a minimum balance of , compared to Salem Five Direct's 3.71% APY for its eOne Savings account, with a minimum balance of $0.01.
→ Peak Bank yields $49 more than Salem Five Direct on a $10,000 balance after one year. Peak Bank pays $420, while Salem Five Direct pays $371 - an APY advantage for Peak Bank.
Calculate Savings Growth for Peak Bank vs Salem Five Direct
Peak Bank - Envision High Yield Savings
Total savings breakdown:
- Interest earned: $2,564.3 (12.47%)
- Total contributions: $13,000 (63.22%)
- Initial deposit: $5,000 (24.31%)
Your total balance
$20,564.30
Total balance: $20,564.3
Earnings: $2,564.3
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, Peak Bank's total earnings would be $316.2 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 Peak Bank's vs Salem Five Direct's Savings Accounts
| Peak Bank | Salem Five Direct | ||
|---|---|---|---|
| Product | Envision High Yield Savings | vs | eOne Savings |
| APY | 4.20% (as of 11/14/2025) | 3.71% (as of 11/14/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Monthly | |
| Minimum Deposit | $100 | $10 | |
| Minimum Balance for APY | N/A | $0.01 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| 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 9 Months)
| Peak Bank | Salem Five Direct | ||
|---|---|---|---|
| Product | Envision High Yield Savings | vs | eOne Savings |
| Latest APY | 4.20 % | 3.71 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -3.6 | -1.8 | |
| Rate Changes / Mo | 0.44 | 0.22 | |
| Days Since Last Change | 44 | 9 | |
| High (-9 m) | 4.54 % | 4.01 % | |
| Low (-9 m) | 4.20 % | 3.71 % | |
| Draw-down from High | -7.5 % | -7.5 % | |
| Volatility (CV) | 0.026 | 0.021 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 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 (-9 m)
- Highest APY in the last 274 days.
- Low (-9 m)
- Lowest APY in the last 274 days.
- Draw-down from High
- How far today sits below the 9-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.