Salem Five Direct vs. TD 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
TD Bank
TD Signature Savings
Up to2.75%APYDec 10, 2025FDIC InsuredHigh MinimumChecking BundleGreat iOS AppGreat Android AppIn-Person AccessRange: 0.05% – 2.75%Show Fine Print & Trends Hide Details
TD Bank
TD Signature Savings
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. TD Bank Savings Calculator
Salem Five Direct earns $2,219.5 more than TD Bank.
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
TD Bank
TD Signature Savings
Higher APY requires $100,000
Savings Breakdown
- Interest Earned+$28.60(0.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,028.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Salem Five Direct vs. TD Bank
Why Salem Five Direct?
- ✓Higher potential APY (3.71% vs 2.75%) on all balances
- ✓No checking account or direct deposit required
Why TD Bank?
- ✓Physical branch access (Multiple branches in CT, DE, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA, DC)
— Key Feature Differences —
Better Returns at $10,000
Salem Five DirectSalem Five Direct's eOne Savings earns more on smaller deposits (approx. $371 vs $0/yr).
Better Returns at $25,000
Salem Five DirectSalem Five Direct's eOne Savings pulls ahead with larger amounts (approx. $928 vs $0/yr).
Best for Simplicity
Salem Five DirectSalem Five Direct's eOne Savings offers 3.71% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Salem Five Direct's eOne Savings pays $366 more interest on a $10,000 balance than TD Bank's TD Signature Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Salem Five Direct offers a competitive eOne Savings account with a high APY of 3.71%, making it an attractive option for savers, especially since it has no minimum balance requirements and no direct deposit needed. This account is online-only and ideal for those looking for simplicity. In contrast, TD Bank's Signature Savings account provides a lower APY of 2.75%, but it requires a minimum balance of $100,000 to earn that rate, and it may incur a maintenance fee unless waived. Overall, Salem Five Direct's eOne Savings stands out as the more favorable choice.
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 TD Bank.
| Feature | Salem Five Direct | TD Bank |
|---|---|---|
| APY | 3.71% Verified: 12/10/2025 ↘︎ 0.30%90d Change | 2.75% Range: 0.05% - 2.75% Verified: 12/10/2025 ↘︎ 0.25%90d Change |
| Product Name | eOne Savings | TD Signature Savings |
| Minimum Deposit | $10 | $0 |
| Min. Balance for APY | $0.01 | $100,000 |
| Monthly Fee | $0 | $10. Waived under some circumstances. |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.7 Android4.2 | iOS4.8 Android4.0 |
| BBB Rating | A- | Not Rated |
| Important Notes | - | This is a tiered savings account where rates may vary on location and whether you're eligible for the Bump Rate. 2.75% is available when you link an eligible TD account and have a minimum balance of $100,000. Otherwise 0.05% is the maximum APY. |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Salem Five Direct | TD Bank |
|---|---|---|
| eOne Savings | TD Signature Savings | |
Current APY | 3.71% | 2.75% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.6 | -8.3 |
Days Since Change | 35 | 68 |
10-Month High | 4.01% | 3.70% |
10-Month Low | 3.71% | 2.75% |
Adjustments / Mo | 0.19 | 0.38 |
Volatility Score | 0.029 | 0.085 |
How to read these metrics(Click to expand)
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