Open Now


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The Open Account has never been so rewarding!  

Make your move to Salem Five by opening up a new checking account and get rewarded with $300*. And the rewards keep coming as you earn cash back with each debit card purchase. Simply open an account by April 30, 2021 and have $2,000 or more in direct deposits post to your new account within 90 days* to qualify. That’s it. Find out more below.

  • 55000

    Allpoint ATMs worldwide

  • 35

    branch locations

  • 160

    years of service

  • 300

    when you sign up now


 

  •  ATMs everywhere with the Allpoint network
  •  No monthly maintenance fee
  •  No minimum balance
  •  Open rewards (cash back debit rewards and ATM fee reimbursement)
  •  Smart online and mobile banking with tools and technology

Open an Account Today Online in Minutes.

 

Open Now


Or, if you prefer, visit a local branch and show them this Promotion Code to qualify. Click below to print or take screenshot.

2021MAR300

 

Open Rewards are debit card rewards and ATM fee reimbursements that sweep directly into a companion Open Savings. Our thanks for choosing Salem Five!

OPEN REWARDS
PRIME

$0 - $1,999.99
Avg. monthly balance


$.05
CASH BACK

for every debit card purchase made in-store or online


Use Salem Five or any of the 55,000 Allpoint™ ATMs for free

OPEN REWARDS
PRIME PLUS

$2,000 - $3,999.99
Avg. monthly balance


$.10
CASH BACK

for every debit card purchase made in-store or online


Use Salem Five or any of the 55,000 Allpoint™ ATMs for free

Get reimbursed (up to $7.50 per month) when out-of-network ATM operators charge you

OPEN REWARDS
PREMIER

$4,000 +
Avg. monthly balance


$.15
CASH BACK

for every debit card purchase made in-store or online


Unlimited free use of ATMs


 


*
To qualify for the $300 offer, the Open Account must be opened between 3/1/2021 and 4/30/2021 and have a cumulative direct deposit of $2,000 or more made within 90 days of account opening. Direct deposit is reoccurring income electronically deposited into your checking account for purposes such as payroll, pension, or government benefits. Person-to-Person payments, payments through third parties such as PayPal, and bank transfers between accounts, do not qualify as a direct deposit. You must deposit at least $10 to open this account. The one-time $300 offer will be deposited into the new account within 60 days of meeting the offer criteria. The account must be open with a positive balance to receive the $300 offer. Only one offer per customer and one per household. Household is defined by address. Bonus qualifiers are subject to change and bonus payout is reviewed by, and at the discretion of, the Bank. Customer must meet the following criteria to be eligible for the offer:  1.) Must be a new checking customer and could not have a Salem Five personal checking account within the prior six months. 2.) Must reside in Massachusetts or New Hampshire. 3.) Must be at least 18 years of age. 3.) Must provide reference code 2021MAR300 to branch employee if opening the account in branch. Promotional offer for an account opened online will only be available through this web page and link. 4.) Must not be employed by Salem Five. Member FDIC. Member DIF.