Online Checking Accounts: Part 5: eOne From Salem Five Direct

[This post is written and copyrighted by FIRE Finance (]

We have hit upon the real champion of online checking accounts with respect to APY. eOne from Salem Five Direct is the leader of the pack with a competitive APY varying from 5 to 5.30%! Sounds too good to be true but it is actually true. Here is an online checking account offering an APY which is competitive with most MMA's and savings account.

Online checking accountOn the right is Salem Five's APY rate chart for their prodigy "eOne". See it to believe it!

eOne provides the convenience of a superior checking account and money market rates on every dollar you save. The bottom line is you get high interest checking at its best. No compromises.

  • No monthly fee
  • No minimum balance
  • Free use of any ATM - No matter the location, Salem Five Direct will never charge a fee.
  • Free online bill payment
  • First order of checks free
  • Unlimited debit card, checking and ATM transactions
  • Free debit card
  • Learn More
And as if the great APY along with all the bells and whistles of an online checking account was not enough, Salem Five is also offering a one-time $25 bonus when you enroll in direct deposit! This is a killer product and is the undisputed king of online checking accounts till date.

Salem Five is FDIC insured and has a 3 star rating by Bankrate which means that it is a performing financial institution. If you wish, you may further check its credentials and performance using the steps listed here.

We are going to open an account with Salem Five to give eOne a go, earn a 5.00%+ APY and avail the $25 bonus. eOne is the one!

So what will be next week's surprise? Join us next week for the sixth part of this series.

The Series So Far:

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