Salem Five Direct vs. Synchrony Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Salem Five DirecteOne Savings Jan 12, 2026 | Synchrony BankHigh Yield Savings Jan 12, 2026 |
|---|---|---|
| APY | 3.61% | 3.65% |
Est. Earnings | $5,000+$181 $10,000+$361 $25,000+$903 | $5,000+$183 $10,000+$365 $25,000+$912 |
Min Deposit | $10 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
Comparison Analysis
Comparing Salem Five Direct vs. Synchrony Bank
As of Salem Five Direct offers an APY of 3.61% for its eOne Savings account, with a minimum balance of $0.01, compared to Synchrony Bank's 3.65% APY for its High Yield Savings account, with a minimum balance of $0.
Synchrony Bank pays $4 more than Salem Five Direct on a $10,000 balance after one year. Salem Five Direct pays $361, while Synchrony Bank pays $365 - an APY advantage for Synchrony Bank.
Why Salem Five Direct?
- ✓Fast transfers via Zelle®
Why Synchrony Bank?
No distinct advantages found vs Salem Five Direct.
Shared Benefits
Over a 1-year period, Synchrony Bank's High Yield Savings pays $4 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
Salem Five Direct offers an eOne Savings account with a competitive APY of 3.61%, while Synchrony Bank's High Yield Savings account provides a slightly higher APY of 3.65%. Both accounts are online-only and have no minimum balance requirements or maintenance fees, making them accessible options for savers. Additionally, neither account requires direct deposit, allowing for greater flexibility. Overall, Synchrony Bank's High Yield Savings account is the winner based on the higher APY.
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
Salem Five Direct vs. Synchrony Bank Savings Calculator
You earn $4 more with Synchrony 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.
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
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$365.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,365.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Salem Five Direct | Synchrony Bank |
|---|---|---|
| APY | 3.61% Verified: 1/12/2026 ↘︎ 0.40%90d Change | 3.65% Verified: 1/12/2026 ↘︎ 0.15%90d Change |
| Product Name | eOne Savings | High Yield Savings |
| 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 | iOS4.8 Android4.5 |
| Zelle® Support | Available Uses shared Salem Five mobile platform. | Not Supported |
| BBB Rating | A- | Not Rated |
| Next Steps | Visit SiteVerify at Salem Five Direct Non-sponsored link to official site | Visit SiteVerify at Synchrony Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Salem Five Direct | Synchrony Bank |
|---|---|---|
| eOne Savings | High Yield Savings | |
Current APY | 3.61% | 3.65% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.4 | -3.5 |
Days Since Change | 26 | 55 |
12-Month High | 4.01% | 4.10% |
12-Month Low | 3.61% | 3.65% |
Adjustments / Mo | 0.25 | 0.25 |
Volatility Score | 0.038 | 0.035 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Salem Five Direct vs...
Comparing against Standard Savings
Compare Synchrony Bank vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.