Salem Five Direct vs. Upgrade
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
Upgrade
Premier Savings
3.05%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Upgrade
Premier 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. Upgrade Savings Calculator
Salem Five Direct earns $418.5 more than Upgrade.
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
Upgrade
Premier Savings
Savings Breakdown
- Interest Earned+$1,829.60(9.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,829.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Salem Five Direct vs. Upgrade
Why Salem Five Direct?
- ✓Higher potential APY (3.71% vs 3.05%) on all balances
Why Upgrade?
- ✓Higher rated Android app (4.5 vs 4.2)
— Key Feature Differences —
Better Returns at $10,000
Salem Five DirectSalem Five Direct's eOne Savings earns more on smaller deposits (approx. $371 vs $305/yr).
Better Returns at $25,000
Salem Five DirectSalem Five Direct's eOne Savings pulls ahead with larger amounts (approx. $928 vs $763/yr).
Best for Simplicity
Salem Five DirectSalem Five Direct's eOne Savings offers 3.71% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
UpgradeUpgrade offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.5 (vs. 4.2)
Shared Benefits
Over a 1-year period, Salem Five Direct's eOne Savings pays $66 more interest on a $10,000 balance than Upgrade's Premier 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 an APY of 3.71%, making it the clear winner compared to Upgrade's Premier Savings account, which has a lower APY of 3.05%. Salem Five Direct's account requires a minimum deposit of $10 and has no maintenance fees or direct deposit requirements, providing a straightforward savings option. In contrast, Upgrade's account requires a minimum balance of $1,000. Both accounts are online-only and FDIC insured, but Salem Five Direct stands out for its higher returns and simplicity.
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 Upgrade.
| Feature | Salem Five Direct | Upgrade |
|---|---|---|
| APY | 3.71% Verified: 12/10/2025 ↘︎ 0.30%90d Change | 3.05% Verified: 12/10/2025 ↘︎ 0.97%90d Change |
| Product Name | eOne Savings | Premier Savings |
| Minimum Deposit | $10 | $0 |
| Min. Balance for APY | $0.01 | $1,000 |
| 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 | iOS4.9 Android4.5 |
| BBB Rating | A- | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Salem Five Direct | Upgrade |
|---|---|---|
| eOne Savings | Premier Savings | |
Current APY | 3.71% | 3.05% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.5 | -10.3 |
Days Since Change | 36 | 40 |
11-Month High | 4.01% | 4.14% |
11-Month Low | 3.71% | 3.05% |
Adjustments / Mo | 0.19 | 0.28 |
Volatility Score | 0.029 | 0.105 |
How to read these metrics(Click to expand)
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