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Our All-in-One Checking Account with Rewards
The Open Account is the only checking account we offer. Because it’s the only one you need. It is an all-in-one account that has great benefits. No monthly maintenance fee, no minimum balance and 5 cents back for every purchase!
Let’s Grow Your Business
Salem Five is serious about business and understands how community businesses contribute to the health of our communities. We've got a variety of innovative and practical banking solutions for businesses of all sizes. How can we help yours?
How can we help you?
With over 160 years in banking, mortgages, insurance and financial planning—we're ready to help you make the most of your money.
1 Annual Percentage Yield (APY) is accurate as of 7/15/2025 and subject to change. A minimum balance of $10,000 is required to open and obtain the annual percentage yield (APY) for our non-IRA CD Special, and for our IRA CD Special, the minimum balance is $2,000. A penalty will be imposed for early withdrawals from Certificates of Deposit (CDs). Maximum deposit amount is $500,000. Fees may reduce earnings. Personal accounts only. One account per customer. Offer good for MA, NH and RI residents only.