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American Express High Yield Savings vs Salem Five Direct eOne Savings

Side by side on the numbers that decide it. The money8020 Score already weighs these — this is the receipts.

money8020 pick
American Express High Yield Savings
American Express National Bank
84/100
Salem Five Direct eOne Savings
Salem Five Direct
81/100
TierStrongStrong
APY3.10%3.51%
Monthly fee$0$0
Minimum balance$0$10
FDIC insuredYesYes
Annual fee
Best forExisting American Express customers who want savings in one placePeople who want a no-fee high-yield savings account
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Which should you choose: the American Express High Yield Savings or the Salem Five Direct eOne Savings?

The American Express High Yield Savings is the stronger pick of the two, with a money8020 score of 84/100 versus 81. Choose the Salem Five Direct eOne Savings instead if people who want a no-fee high-yield savings account.

On aPY, the American Express High Yield Savings shows 3.10% versus the Salem Five Direct eOne Savings's 3.51%. On minimum balance, the American Express High Yield Savings shows $0 versus the Salem Five Direct eOne Savings's $10. Both figures are reflected in the money8020 score above; confirm current terms with each provider before deciding. This is not financial advice.

FAQ

American Express High Yield Savings vs Salem Five Direct eOne Savings: FAQ

Is the American Express High Yield Savings or the Salem Five Direct eOne Savings better?

By our scoring, the American Express High Yield Savings edges ahead with a money8020 score of 84/100 versus 81. The Salem Five Direct eOne Savings can still be the better fit if people who want a no-fee high-yield savings account.

What is the main difference between the American Express High Yield Savings and the Salem Five Direct eOne Savings?

On aPY, the American Express High Yield Savings offers 3.10% while the Salem Five Direct eOne Savings offers 3.51%. Review the full table above and confirm current terms with each provider. This is not financial advice.