Salem Five Direct vs. Sallie Mae Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Salem Five Direct
eOne Savings
3.71%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Salem Five Direct
eOne Savings
Sallie Mae Bank
High-Yield Savings Account
3.90%APYDec 10, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
Sallie Mae Bank
High-Yield Savings Account
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Salem Five Direct vs. Sallie Mae Bank Savings Calculator
Sallie Mae Bank earns $122.1 more than Salem Five Direct.
Salem Five Direct
eOne Savings
Savings Breakdown
- Interest Earned+$2,248.10(11.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,248.10
Sallie Mae Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,370.20(11.6%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,370.20
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Salem Five Direct vs. Sallie Mae Bank
Why Salem Five Direct?
- ✓Higher rated iOS app (4.7 vs 1.5)
- ✓Higher rated Android app (4.2 vs 1.6)
Why Sallie Mae Bank?
- ✓Higher potential APY (3.90% vs 3.71%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Sallie Mae BankSallie Mae Bank's High-Yield Savings Account earns more on smaller deposits (approx. $390 vs $371/yr).
Better Returns at $25,000
Sallie Mae BankSallie Mae Bank's High-Yield Savings Account pulls ahead with larger amounts (approx. $975 vs $928/yr).
Best Mobile App Experience
Salem Five DirectSalem Five Direct offers an iOS app rated 4.7 (vs. 1.5) and Android app rated 4.2 (vs. 1.6)
Shared Benefits
Over a 1-year period, Sallie Mae Bank's High-Yield Savings Account pays $19 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
Sallie Mae Bank offers a High-Yield Savings Account with a competitive APY of 3.90%, making it the winner in this comparison. This account features daily compounding and has no minimum deposit or balance requirements, making it accessible for all savers. In contrast, Salem Five Direct's eOne Savings account offers a slightly lower APY of 3.71%, but it also has no minimum balance and no maintenance fees. Both accounts are online-only and do not require direct deposit. Notably, Sallie Mae Bank provides better returns for larger deposits, with potential earnings of approximately $975 at $25,000, compared to Salem Five's $928.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Salem Five Direct and Sallie Mae Bank.
| Feature | Salem Five Direct | Sallie Mae Bank |
|---|---|---|
| APY | 3.71% Verified: 12/10/2025 ↘︎ 0.30%90d Change | 3.90% Verified: 12/10/2025 Stable (90d) |
| Product Name | eOne Savings | High-Yield Savings Account |
| Minimum Deposit | $10 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| 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 | iOS4.7 Android4.2 | iOS1.5 Android1.6 |
| BBB Rating | A- | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Salem Five Direct | Sallie Mae Bank |
|---|---|---|
| eOne Savings | High-Yield Savings Account | |
Current APY | 3.71% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.5 | -0.1 |
Days Since Change | 35 | 313 |
11-Month High | 4.01% | 4.00% |
11-Month Low | 3.71% | 3.90% |
Adjustments / Mo | 0.19 | 0.09 |
Volatility Score | 0.029 | 0.004 |
How to read these metrics(Click to expand)
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