Salem Five Direct Increases Savings Account Rate - New Rate Guaranteed Until July

Salem Five Direct just increased the new-account rate on its eOne Savings Account from 1.00% to 1.05% APY. There’s also a rate guarantee through July 1, 2015. The promo rate applies to balances up to $500,000, and there are no minimum balance requirements or monthly maintenance fees.
Just like before, this promo rate only applies for new accounts. In the small print, it says " The stated APY applies to new eOne accounts opened after 11/25/2014." If you had opened an eOne Savings account before that, you'll have to check your statement or call the bank. In the past I’ve been told by Salem Five Direct CSRs that rates vary based on when the account was opened and which promotion a customer received. In my opinion, it’s a little misleading to have lower ongoing rates that aren’t publicly disclosed. Other banks that offer promo rates, such as EverBank, publicly list their ongoing rates.
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