Salem Five Direct vs. Wealthfront
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 14, 2025
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Summary of Salem Five Direct vs. Wealthfront
Key Metrics at a Glance
| Feature | Salem Five Direct | Wealthfront |
|---|---|---|
| Top Savings APY | 3.71% eOne Savings | 4.15% Cash Account |
| Minimum to Open | $10 | $0 |
| Minimum Balance for Top APY | $0.01 | $0 |
| Note | 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 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. |
Salem Five Direct
Strengths
- Salem Five Direct offers a competitive APY of 3.71%, though it decreased from 4.01% recently.
- The eOne Savings account has no maintenance fees and a low minimum deposit of $10.
- Salem Five Direct has a solid App Store rating of 4.7.
Potential Drawbacks
- Salem Five Direct is not BBB accredited and has an A- rating.
- The account requires a minimum balance of $0.01 to avoid fees.
- Salem Five Direct has no branches, limiting in-person support.
Wealthfront
Strengths
- Wealthfront's Cash Account offers a higher APY of 4.15% for the first three months.
- There are no maintenance fees and no minimum deposit or balance requirements.
- Wealthfront has an excellent Google Play rating of 4.9.
Potential Drawbacks
- Wealthfront has an F BBB rating and is not BBB accredited.
- After three months, the APY drops to 3.50%, which is lower than Salem Five Direct.
- Wealthfront does not have any physical branches for customer service.
→ 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 Wealthfront's 4.15% APY for its Cash Account, with a minimum balance of $0.
→ Wealthfront yields $44 more than Salem Five Direct on a $10,000 balance after one year. Salem Five Direct pays $371, while Wealthfront pays $415 - an APY advantage for Wealthfront.
Calculate Savings Growth for Salem Five Direct vs Wealthfront
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 OverviewWealthfront - Cash Account
Total savings breakdown:
- Interest earned: $2,531.8 (12.33%)
- Total contributions: $13,000 (63.32%)
- Initial deposit: $5,000 (24.35%)
Your total balance
$20,531.80
Total balance: $20,531.8
Earnings: $2,531.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Salem Five Direct's total earnings would be $283.7 lower than Wealthfront'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 Wealthfront's Savings Accounts
| Salem Five Direct | Wealthfront | ||
|---|---|---|---|
| Product | eOne Savings | vs | Cash Account |
| APY | 3.71% (as of 11/14/2025) | 3.50% - 4.15% (as of 11/14/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Monthly | Daily | |
| Minimum Deposit | $10 | $0 | |
| Minimum Balance for APY | $0.01 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Note | 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 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. | ||
| App Store Rating | 4.7/5 | 4.8/5 | |
| Google Play Rating | 4.2/5 | 4.9/5 | |
| BBB Rating | A- | F |
No historical data available.