Salem Five Direct vs. Vio Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 14, 2025
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Summary of Salem Five Direct vs. Vio Bank
Key Metrics at a Glance
| Feature | Salem Five Direct | Vio Bank |
|---|---|---|
| Top Savings APY | 3.71% eOne Savings | 4.21% Online Savings Account |
| Minimum to Open | $10 | $100 |
| Minimum Balance for Top APY | $0.01 | $0 |
Salem Five Direct
Strengths
- Salem Five Direct offers a competitive APY of 3.71%, though it decreased from 4.01% in the last 30 days.
- No maintenance fees on the eOne Savings account.
- Salem Five Direct has a strong App Store rating of 4.7.
Potential Drawbacks
- Salem Five Direct is not BBB accredited and has a rating of A-.
- The minimum deposit for the eOne Savings account is $10, which may deter some users.
- Salem Five Direct has no branches for in-person banking.
Vio Bank
Strengths
- Vio Bank offers a higher APY of 4.21% with no recent changes.
- Vio Bank is BBB accredited with an A+ rating.
- The Online Savings Account has a minimum deposit requirement of $100.
Potential Drawbacks
- Vio Bank has a lower App Store rating of 4.6 and a Google Play rating of 3.3.
- If electronic statements are not selected, a $5 maintenance fee applies.
- Vio Bank has no branches for in-person banking.
→ As of November 14, 2025 Salem Five Direct offers an APY of 3.71% for its eOne Savings account, with a minimum balance of $0.01, compared to Vio Bank's 4.21% APY for its Online Savings Account, with a minimum balance of $0.
→ Vio Bank yields $50 more than Salem Five Direct on a $10,000 balance after one year. Salem Five Direct pays $371, while Vio Bank pays $421 - an APY advantage for Vio Bank.
Calculate Savings Growth for Salem Five Direct vs Vio Bank
Salem Five Direct - eOne Savings
Total savings breakdown:
- Interest earned: $2,248.1 (11.10%)
- Total contributions: $13,000 (64.20%)
- Initial deposit: $5,000 (24.69%)
Your total balance
$20,248.10
Total balance: $20,248.1
Earnings: $2,248.1
Bank OverviewVio Bank - Online Savings Account
Total savings breakdown:
- Interest earned: $2,570.8 (12.50%)
- Total contributions: $13,000 (63.20%)
- Initial deposit: $5,000 (24.31%)
Your total balance
$20,570.80
Total balance: $20,570.8
Earnings: $2,570.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Salem Five Direct's total earnings would be $322.7 lower than Vio Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Salem Five Direct's vs Vio Bank's Savings Accounts
| Salem Five Direct | Vio Bank | ||
|---|---|---|---|
| Product | eOne Savings | vs | Online Savings Account |
| APY | 3.71% (as of 11/14/2025) | 4.21% (as of 11/14/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Monthly | Daily | |
| Minimum Deposit | $10 | $100 | |
| Minimum Balance for APY | $0.01 | $0 | |
| Maintenance Fee | $0 | $0, if electronic statements selected, otherwise $5 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 4.7/5 | 4.6/5 | |
| Google Play Rating | 4.2/5 | 3.3/5 | |
| BBB Rating | A- | A+ |
No historical data available.