Peak Bank vs. Salem Five Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Peak BankEnvision High Yield Savings Jan 7, 2026 | Salem Five DirecteOne Savings Jan 7, 2026 |
|---|---|---|
| APY | 3.99% | 3.61% |
Est. Earnings | $5,000+$200 $10,000+$399 $25,000+$998 | $5,000+$181 $10,000+$361 $25,000+$903 |
Min Deposit | $100 | $10 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android App | 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 Peak Bank vs. Salem Five Direct
As of Peak Bank offers an APY of 3.99% for its Envision High Yield Savings account, with a minimum balance of , compared to Salem Five Direct's 3.61% APY for its eOne Savings account, with a minimum balance of $0.01.
Peak Bank pays $38 more than Salem Five Direct on a $10,000 balance after one year. Peak Bank pays $399, while Salem Five Direct pays $361 - an APY advantage for Peak Bank.
Why Peak Bank?
- ✓Higher potential APY (3.99% vs 3.61%) on all balances
- ✓Higher rated Android app (4.6 vs 4.2)
Why Salem Five Direct?
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
Peak BankPeak Bank's Envision High Yield Savings earns more on smaller deposits (approx. $399 vs $361/yr).
Better Returns at $25,000
Peak BankPeak Bank's Envision High Yield Savings pulls ahead with larger amounts (approx. $998 vs $903/yr).
Best for Simplicity
Peak BankPeak Bank's Envision High Yield Savings offers 3.99% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Peak Bank's Envision High Yield Savings pays $38 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
Peak Bank offers a competitive Envision High Yield Savings account with an APY of 3.99%, significantly higher than Salem Five Direct's eOne Savings account, which has an APY of 3.61%. Both accounts have no maintenance fees and require no direct deposit, making them accessible options for savers. However, Peak Bank's account stands out for its higher yield, especially beneficial for larger deposits. Additionally, Peak Bank requires a minimum deposit of $100, while Salem Five Direct has a lower minimum deposit of $10. Both banks operate online-only.
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
Peak Bank vs. Salem Five Direct Savings Calculator
You earn $38 more with Peak 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.
Peak Bank
Envision High Yield Savings
Savings Breakdown
- Interest Earned+$399.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,399.00
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 | Peak Bank | Salem Five Direct |
|---|---|---|
| APY | 3.99% Verified: 1/7/2026 ↘︎ 0.21%90d Change | 3.61% Verified: 1/7/2026 ↘︎ 0.40%90d Change |
| Product Name | Envision High Yield Savings | eOne Savings |
| Minimum Deposit | $100 | $10 |
| Min. Balance for APY | N/A | $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 Android4.6 | iOS4.7 Android4.2 |
| Zelle® Support | Not Supported | Available Uses shared Salem Five mobile platform. |
| BBB Rating | A+ | A- |
| Next Steps | Visit SiteVerify at Peak 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 | Peak Bank | Salem Five Direct |
|---|---|---|
| Envision High Yield Savings | eOne Savings | |
Current APY | 3.99% | 3.61% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.0 | -3.7 |
Days Since Change | 6 | 21 |
11-Month High | 4.54% | 4.01% |
11-Month Low | 3.99% | 3.61% |
Adjustments / Mo | 0.64 | 0.27 |
Volatility Score | 0.033 | 0.038 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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