Presidential Bank vs. Salem Five Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Presidential BankAdvantage Savings Jan 7, 2026 | Salem Five DirecteOne Savings Jan 7, 2026 |
|---|---|---|
| APY | 3.25% - 3.75% | 3.61% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$181 $10,000+$361 $25,000+$903 |
Min Deposit | $5,000 | $10 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedDirect Deposit ReqChecking Bundle | 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 Presidential Bank vs. Salem Five Direct
As of Presidential Bank offers an APY of 3.75% for its Advantage Savings account, with a minimum balance of N/A, compared to Salem Five Direct's 3.61% APY for its eOne Savings account, with a minimum balance of $0.01.
Presidential Bank pays $14 more than Salem Five Direct on a $10,000 balance after one year. Presidential Bank pays $375, while Salem Five Direct pays $361 - an APY advantage for Presidential Bank.
Why Presidential Bank?
- ✓Higher potential APY (3.75% vs 3.61%) (requires checking bundle & direct deposit)
- ✓Physical branch access (10 locations in Maryland, Virginia and Washington D.C.)
Why Salem Five Direct?
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
Presidential BankPresidential Bank's Advantage Savings earns more on smaller deposits (approx. $375 vs $361/yr).
Better Returns at $25,000
Presidential BankPresidential Bank's Advantage Savings pulls ahead with larger amounts (approx. $938 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.
Best for All-in-One Banking
Presidential BankPresidential Bank's Advantage Savings pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, Presidential Bank's Advantage Savings pays $14 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
Presidential Bank's Advantage Savings leads with a competitive APY of 3.75%, which requires a monthly direct deposit of $500 into an Advantage Checking Account to earn this rate. This account is ideal for customers seeking higher returns on larger deposits, with no maintenance fees and a minimum deposit of $5,000. In contrast, Salem Five Direct offers the eOne Savings account with a slightly lower APY of 3.61%, but it has no direct deposit requirement and is available with a minimal deposit of just $10. While both accounts provide monthly compounding and are FDIC insured, Presidential Bank's product is better suited for those willing to meet the direct deposit condition for higher yields.
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
Presidential Bank vs. Salem Five Direct Savings Calculator
You earn $14 more with Presidential 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.
Presidential Bank
Advantage Savings
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
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 | Presidential Bank | Salem Five Direct |
|---|---|---|
| APY | 3.75% Range: 3.25% - 3.75% Verified: 1/7/2026 ↘︎ 0.75%90d Change | 3.61% Verified: 1/7/2026 ↘︎ 0.40%90d Change |
| Product Name | Advantage Savings | eOne Savings |
| Minimum Deposit | $5,000 | $10 |
| Min. Balance for APY | N/A | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | RequiredTo earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. | None |
| Checking Bundle | Yes | No |
| Mobile Apps | iOS4.8 Android4.2 | iOS4.7 Android4.2 |
| Zelle® Support | Available Native integration; Advantage Savings supports Zelle. | Available Uses shared Salem Five mobile platform. |
| BBB Rating | A- | A- |
| Next Steps | Visit SiteVerify at Presidential 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 | Presidential Bank | Salem Five Direct |
|---|---|---|
| Advantage Savings | eOne Savings | |
Current APY | 3.75% | 3.61% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.7 | -3.3 |
Days Since Change | 21 | 21 |
11-Month High | 4.50% | 4.01% |
11-Month Low | 3.75% | 3.61% |
Adjustments / Mo | 0.26 | 0.26 |
Volatility Score | 0.055 | 0.037 |
How to read these metrics(Click to expand)
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