See how Salem Five Direct compares with the rest of the banks BankTruth has reviewed.

Salem Five Direct

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Savings (Rate as of 5/14/2024)
APY	4.25%
Rate	4.16%
For APY	$1
Monthly Fee	$0.00
Min to Avoid Fee	$0
Checkbook	No
Member FDIC

Savings (Rate as of 5/14/2024)
APY	5.10%
Rate	4.96%
For APY	$0
Monthly Fee	$0.00
Min to Avoid Fee	$0
Checkbook	No
Member FDIC

Savings (Rate as of 5/14/2024)
APY	5.00%
Rate	5.00%
For APY	$100
Monthly Fee	$0.00
Min to Avoid Fee	$0
Checkbook	No
Member FDIC Plus, no monthly fees and unlimited free external transfers

Savings (Rate as of 5/14/2024)
APY	5.15%
Rate	5.02%
For APY	$0
Monthly Fee	$0.00
Min to Avoid Fee	$0
Checkbook	No
Member FDIC

Savings (Rate as of 5/14/2024)
APY	4.35%
Rate	4.35%
For APY	$0
Monthly Fee	$0.00
Min to Avoid Fee	$0
Checkbook	No
Member FDIC

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¹ APY stands for Annual Percent Yield. It's different from Rate because it takes into account compounding interest for the year.

² MMA stands for Money Market Account. It's a savings and checking hybrid, allowing you to earn interest and use checks 6 times a month.

Salem Five Direct Comparisons

How does Salem Five Direct compare to other banks?

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