Find the latest Salem Five Direct Savings Rates, Offers, and Promotions here.
Available nationwide, Salem Five Direct eOne Savings is offering an astounding 0.40% APY Rate. Continue reading below to learn everything you need to know about Salem Five Direct.
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About Salem Five Direct eOne Savings
Salem Five Direct is the online banking division of Salem Five Bank and shares its financial history. The Salem Five Direct mission is to offer unprecedented value to their direct banking customers through exclusive product features at highly competitive prices.
Being an online account, they can offer one of the highest rates! The account gives you access to online banking, eStatements, mobile banking, text alerts, and so much more.
I’ll review Salem Five Direct eOne Savings below.
Salem Five Direct eOne Savings Rate
To earn Salem Five Direct’s competitive rate, simply have an opening deposit of $100. That’s all it takes and you’ll get to enjoy earning the high rate on balances up to $1,000,000.
- Account Type: eOne Savings
- Interest Rate: 0.40% APY
- Minimum Balance: None
- Maximum Balance: $1,000,000
- Availability: Nationwide (Online Bank)
- Credit Inquiry: Hard pull
- Opening Deposit: $100 minimum
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: No monthly service fees
- Early Termination Fee: None listed, check with CSR
American Express® High Yield Savings Account - You earn 0.40% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Discover Bank Online Savings||$200 Bonus + 0.40% APY||Review|
|Aspiration||1.00% APY + $150 Cash||Review|
|Axos Bank High Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
Salem Five Direct ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
|Push||3 days||$5,000||$20,000||$3 fee for ACH Push|
Editor’s Note: Help us with the table above in the comment section if you have experience with Salem Five Direct’s ACH capabilities.
How to Earn Salem Five Direct Rate
- Open a eOne Savings account from Salem Five Direct with an opening deposit of $100.
- Earn the rate of 0.40% APY on balances of $0.01 – $1,000,000.
|Balance Requirement||APY Rate|
Why You Should Sign Up For This Account
- Earn an industry-leading rate of 0.40% APY with absolutely no commitment.
- Open in minutes with just a $100 deposit
- No minimum balance and no monthly fees
- FDIC & DIF Insurance to protect your entire balance
- High-yield savings account
Check out Salem Five Direct and open a eOne Savings account with this amazing rate! The fact that you can earn a high rate on balances up to $1,000,000 makes this Savings Account worthwhile. Let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Salem Five Direct eOne Savings.