Salem Five Direct vs. Vio Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Salem Five DirecteOne Savings Jan 7, 2026 | Vio BankOnline Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 3.61% | 4.09% |
Est. Earnings | $5,000+$181 $10,000+$361 $25,000+$903 | $5,000+$205 $10,000+$409 $25,000+$1,023 |
Min Deposit | $10 | $100 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredLow MinimumsGreat iOS App |
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 Salem Five Direct vs. Vio 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 Vio Bank's 4.09% APY for its Online Savings Account, with a minimum balance of $0.
Vio Bank pays $48 more than Salem Five Direct on a $10,000 balance after one year. Salem Five Direct pays $361, while Vio Bank pays $409 - an APY advantage for Vio Bank.
Why Salem Five Direct?
- ✓Higher rated Android app (4.2 vs 3.4)
- ✓Fast transfers via Zelle®
Why Vio Bank?
- ✓Higher potential APY (4.09% vs 3.61%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Vio BankVio Bank's Online Savings Account earns more on smaller deposits (approx. $409 vs $361/yr).
Better Returns at $25,000
Vio BankVio Bank's Online Savings Account pulls ahead with larger amounts (approx. $1023 vs $903/yr).
Best for Simplicity
Vio BankVio Bank's Online Savings Account offers 4.09% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Salem Five DirectSalem Five Direct offers an iOS app rated 4.7 (vs. 4.6) and Android app rated 4.2 (vs. 3.4)
Shared Benefits
Over a 1-year period, Vio Bank's Online Savings Account pays $48 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
Vio Bank offers a competitive Online Savings Account with a higher APY of 4.09%, making it the winner in this comparison. This account requires a minimum deposit of $100 and has no maintenance fees if electronic statements are selected. In contrast, Salem Five Direct provides an eOne Savings account with a lower APY of 3.61%, which requires only a $10 minimum deposit and has no maintenance fees. Both accounts are online-only and do not require direct deposit. Vio Bank's account is noted for better returns, especially at higher deposit amounts, and is recognized for its simplicity.
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. Vio Bank Savings Calculator
You earn $48 more with Vio 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
Vio Bank
Online Savings Account
Savings Breakdown
- Interest Earned+$409.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,409.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Salem Five Direct | Vio Bank |
|---|---|---|
| APY | 3.61% Verified: 1/7/2026 ↘︎ 0.40%90d Change | 4.09% Verified: 1/7/2026 - |
| Product Name | eOne Savings | Online Savings Account |
| Minimum Deposit | $10 | $100 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0, if electronic statements selected, otherwise $5 |
| 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 | iOS4.6 Android3.4 |
| Zelle® Support | Available Uses shared Salem Five mobile platform. | Not Supported |
| BBB Rating | A- | A+ |
| Next Steps | Visit SiteVerify at Salem Five Direct Non-sponsored link to official site | Visit SiteVerify at Vio Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Salem Five Direct | Vio Bank |
|---|---|---|
| eOne Savings | Online Savings Account | |
Current APY | 3.61% | 4.09% |
Trend | Stable | Stable |
Velocity (bps/mo) | -7.7 | -2.7 |
Days Since Change | 21 | 1 |
2-Month High | 3.71% | 4.21% |
2-Month Low | 3.61% | 4.09% |
Adjustments / Mo | 0.55 | 1.09 |
Volatility Score | 0.013 | 0.005 |
How to read these metrics(Click to expand)
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