Business Savings

Business Statement SavingsNot yet a Salem Five business banking client? Click here to get started today.

Features:

  • Monthly fee waived with a minimum average daily balance of $1,000
  • Unlimited deposits and withdrawals

Outstanding Benefits:

  • Interest compounded daily and credited monthly
  • Easy to read monthly statement
  • Access your account 24/7 through Business Online Banking, Salem Five AccessLine, or Salem Five and SUM ATMs
  • Upgrade your account with additional Investment Management options.

Minimum Deposit to Open Account: $50.00

Business Money Market

Business Money MarketNot yet a Salem Five business banking client? Click here to get started today.

Business Money Market

Features:

  • Monthly fee waived with a minimum average daily balance of $2,500
  • Six pre-authorized, automatic or telephone transfers per statement period from your account to another of your Salem Five deposit accounts or to third parties

Outstanding Benefits:

  • Competitive variable interest rates based on the average account balance
  • Access your account 24/7 through Business Online Banking or Salem Five AccessLine
  • Upgrade your account with additional Investment Management option

Minimum Deposit to Open Account: $50.00

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Business Star Money Market

Features:

  • Monthly fee waived with a minimum average daily balance of $10,000
  • Six pre-authorized, automatic or telephone transfers per statement period from your account to another of your Salem Five deposit accounts or to third parties
  • Business Star Checking account required

Outstanding Benefits:

  • Competitive variable interest rates based on the average account balance
  • Access your account 24/7 through Business Online Banking or Salem Five AccessLine
  • Upgrade your account with additional Investment Management option

Minimum Deposit to Open Account: $50.00

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Non-Profit Business Money Market

Features:

  • Monthly fee waived with a minimum average daily balance of $10,000
  • Optional Overdraft Deposit Sweep
  • Six pre-authorized, automatic or telephone transfers per statement period from your account to another of your Salem Five deposit accounts or to third parties, including Overdraft Deposit Sweeps
  • Non-profit Checking account required

Outstanding Benefits:

  • Competitive variable interest rates based on the average account balance
  • Access your account 24/7 through Business Online Banking or Salem Five AccessLine
  • Upgrade your account with additional Investment Management option

Minimum Deposit to Open Account: $50.00


Are you a Salem Five client but haven't activated your Web Cash Manager? Enroll today.

* Available as a linked account on Business Online Banking. Business Online Banking with a checking account as the designated account is required.