Salem Five Direct vs. Wealthfront
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Salem Five DirecteOne Savings Jan 7, 2026 | WealthfrontCash Account Jan 7, 2026 |
|---|---|---|
| APY | 3.61% | 3.25% - 3.90% |
Est. Earnings | $5,000+$181 $10,000+$361 $25,000+$903 | $5,000+$171 $10,000+$341 $25,000+$853 |
Min Deposit | $10 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 3.90% for 3 months, after which the 3.25% APY applies. See terms at Wealthfront. |
| 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 4.21% APY.
Comparison Analysis
Comparing Salem Five Direct vs. Wealthfront
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 Wealthfront's 3.90% APY for its Cash Account, with a minimum balance of $0.
Salem Five Direct pays $20 more than Wealthfront on a $10,000 balance after one year. Salem Five Direct pays $361, while Wealthfront pays $341 (with an effective APY of 3.41%) - an APY advantage for Salem Five Direct.
Why Salem Five Direct?
- ✓Fast transfers via Zelle®
Why Wealthfront?
- ✓Higher potential APY (3.90% vs 3.61%) for a duration of 3 months
- ✓Higher rated Android app (4.9 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. $361 vs $341/yr).
Better Returns at $25,000
Salem Five DirectSalem Five Direct's eOne Savings pulls ahead with larger amounts (approx. $903 vs $853/yr).
Best for Simplicity
WealthfrontWealthfront's Cash Account offers 3.90% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Salem Five Direct's eOne Savings pays $20 more interest on a $10,000 balance than Wealthfront's Cash Account.
*This comparison accounts for Wealthfront's introductory promotional rate, yet Salem Five Direct's standard rate still yields a higher 1-year return.
Executive Summary as of
Wealthfront's Cash Account offers a competitive APY of 3.90%, making it the highest-yielding option compared to Salem Five Direct's eOne Savings, which has an APY of 3.61%. Wealthfront's account is notable for its simplicity, requiring no minimum deposit or direct deposit, and it compounds daily. In contrast, Salem Five Direct's eOne Savings, while slightly lower in yield, allows for a minimum deposit of just $10 and has no maintenance fees. Both accounts are online-only and FDIC-insured, catering to different preferences for savings.
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. Wealthfront Savings Calculator
You earn $18.5 more with Salem Five Direct than Wealthfront 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
Wealthfront
Cash Account
Promo Rate: 3.90% for 3 months, then 3.25%.
Savings Breakdown
- Interest Earned+$342.50(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,342.50
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Salem Five Direct | Wealthfront |
|---|---|---|
| APY | 3.61% Verified: 1/7/2026 ↘︎ 0.40%90d Change | 3.90% Range: 3.25% - 3.90% Verified: 1/7/2026 - |
| Product Name | eOne Savings | Cash Account |
| 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 Android4.9 |
| Zelle® Support | Available Uses shared Salem Five mobile platform. | Not Supported |
| BBB Rating | A- | F |
| Important Notes | - | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 3.90% for 3 months, after which the 3.25% APY applies. See terms at Wealthfront. |
| Next Steps | Visit SiteVerify at Salem Five Direct Non-sponsored link to official site | Visit SiteVerify at Wealthfront Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Salem Five Direct | Wealthfront |
|---|---|---|
| eOne Savings | Cash Account | |
Current APY | 3.61% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -7.7 | -18.8 |
Days Since Change | 21 | 19 |
2-Month High | 3.71% | 4.15% |
2-Month Low | 3.61% | 3.90% |
Adjustments / Mo | 0.54 | 0.54 |
Volatility Score | 0.013 | 0.030 |
How to read these metrics(Click to expand)
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