Employee Banking Services

You can offer a comprehensive package of benefits to your employees at no cost. Employee Banking Services are available exclusively to employees of participating companies who have a Salem Five business checking account with direct deposit of payroll. There's no administration required, and no corporate banking obligation.

Not yet a Salem Five business banking client? Click here to get started today.


On the Job Checking

  • Personal checking with no monthly service charge
  • No minimum balance requirement
  • No transaction fees
  • Worldwide ATM access
  • First order of basic checks free

Overdraft Protection

  • Overdraft protection on approved On the Job checking accounts
  • No annual fee

On the Job Money Market Account

  • Rate guaranteed to be higher than our regular savings rate
  • No monthly service charge
  • No minimum balance
  • No transaction fees

Mortgage Loans

  • Wide variety of mortgage loan programs from one of the premier mortgage lenders in New England
  • Discounts on closing costs
  • Free Home Buying Kit
  • Free mortgage loan prequalification

On the Job Consumer Loans

  • 1% discount on auto loans and boat loans

Home Equity Credit Line

  • Revolving line of credit secured by equity in home
  • Special rate for first year, prime rate for the life of the loan thereafter
  • All interest may be tax-deductible; consult your tax advisor

Brokerage Services*

  • 10% discount on the first stock trade
  • Meet with a broker for a free financial plan

Insurance Options*

  • Free insurance analysis
  • Insurance for home, automobile, health, business and life

Retirement Services

  • 401(k) plan options
  • Free retirement planning consultation
  • Wide variety of short- and long-term fixed rate Certificates of Deposit

Easy Access

  • 24/7 account access through Online Banking or Salem Five AccessLine


* Brokerage Services and Insurance Options represented here are not FDIC-insured, are not guaranteed by this financial institution, are not obligations of this financial institution, and involve risk including possible loss of principle.