BANKING THAT'S
RIGHT FOR YOU

Personal, committed service. You’ve earned it.

It's all about community.

At Salem Five, banking isn’t just personalized—it’s personal. We’d love to see how we can help you.

Your Preferred Location:

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Address

71 Washington Street Salem, MA 01970

Phone

(978) 744-5450

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Hours

Maria Zeqo

VP, Community Business Banking

Salem, MA

(978) 720-5915

Email

Victoria Davis

VP, Senior Loan Officer

Salem, MA

(978) 720-5237

Email

You can rely on our people

Our employees are experts in their fields—and they’re also your neighbors. We’re here for you.

Whether I'm downtown in Post Office Square or at home in Marblehead, they know me and are always ready to help.

Paula & Jamie Gaull, Marblehead

I'm a strong believer that a hometown bank can better serve the needs of our family.

Jonathan Hubbard, Tewksbury

Salem Five is almost like our extended family. We've been with them since the early 90’s. They’ve watch our girls grow up and now the girls have their own debit cards.

Mark Provost, Hamilton

It’s not a mechanical relationship. It’s personal.

Dave Gravel, Peabody

I banked with a big bank for years. Waiting 20 minutes for a deposit. Forget about it! I’m in and out at Salem Five. They know me.

Todd F.

Our full suite of services make banking easy

Find out how we can help with all your banking needs.

Select below to get started.

Accounts

The Open Checking Account

The Open Account will offer the benefits and rewards of our best current checking accounts in one smart account that rewards customers according to their monthly balances.

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Savings & Money Market

Savings and money market accounts earn interest but allow you easy access to your funds. Salem Five offers several savings options, with variations in interest rates, minimum balance, etc., to help you work toward your financial goals.

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CDs

If you’d like to earn more interest on your savings and won’t need to access it for a few months or years—deposit periods vary—a certificate of deposit, or CD, could be the way to go. Generally, CDs pay higher interest than savings or money market accounts, but offer a locked-in interest rate over a set period of time.

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Loans

Star Home Equity Line of Credit

A home equity line of credit (HELOC), also called a home equity loan or a “second mortgage,” is a revolving loan that uses the value of your home as collateral. It’s a great way to fund larger expenses like home improvements or debt consolidation while only paying interest on the amount you borrow.

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Automobile Loans

Whether you’re financing your dream car or looking to improve an existing rate, we understand the excitement of getting new wheels—and we’ll balance that with wisdom and experience, to help you get the right rate for the right term.

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Overdraft Protection

Overdraft protection is peace of mind, pure and simple. Essentially a line of credit, overdraft protection kicks in when your checking account has insufficient funds, preventing returned checks and overdraft fees—as well as embarrassment and headache.

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Student Loans

If you’re attending a degree-granting institution, from a technical school to a four-year university, and you have college expenses that aren’t covered by scholarships or federal student loans, a Salem Five Smart Option Student Loan can help see you through to graduation.

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Insurance

Personal and Business

Salem Five Insurance is locally-born, regionally inspired and globally minded. With access to an extensive list of insurance carriers and a dedicated team of experts, we can customize protection for your unique needs. Whether it's for your business, or your family, we will work hard for you.

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Mortgages

Fixed-Rate

A fixed-rate mortgage keeps your interest rate the same for the life of your loan, a great option if you plan to be in your home for a long time. Whether you’re buying or refi-ing, make sure your mortgage stays in the community.

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Adjustable Rate (ARM)

An adjustable-rate mortgage starts with the interest rate fixed for a certain period, which keeps your payments the same every month; then, your interest rate—and therefore payments—adjust based on current national rates.

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Construction and Renovation

Building a new home, or renovating an old one, can be costly. Don’t let interest rates and mortgage fees pile on top. We have a lot of construction and renovation financing options to help you build the home of your dreams.

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Jumbo

When your lending needs are a little bigger than average, Salem Five is here for you. Our jumbo mortgages are easily navigable with the help of a Salem Five lender, and can help you achieve your next step—even if it’s a doozy.

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Reverse

With a reverse mortgage, the bank pays you, rather than the other way around. Based on the value of your home and other factors, a reverse mortgage can help with your cash-flow needs. Our lenders will walk you through the process every step of the way.

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VA

Salem Five is proud to support our servicemen and women with excellent home-buying opportunities. Our competitive-interest veterans’ loans are guaranteed by the U.S. Department of Veterans’ Affairs.

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Specialty Lending

Salem Five has plenty of options for mortgages and other types of lending that don’t fall into a standard category. We’ll work with you to find the right term, rate, and program for your project.

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Investments

Retirement Planning

Planning for the kind of retirement you want is critical to your future happiness and comfort. Retirement investing can be complicated, with so many options available—that’s why it’s important to work with someone you trust. Grounded in the greater Boston community since 1855, Salem Five is here for you, now and in your future.

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Education Planning

Saving for a young person’s college education is an investment in the future. Our investment planners can help you understand the options and tax advantages available through 529 college savings plans (qualified tuition plans) and make the right choices for your child’s future.

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Estate Planning

More than a simple will is required to plan how your estate will be dispersed among your heirs and to best protect it from tax burdens. Salem Five’s estate planning experts can help you anticipate and arrange for how your estate—your assets, wealth, and property—will be managed and settled.

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Digital Banking

Online and Mobile Banking

Get up-to-the-minute account balances and information online and on your mobile devices.

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Mobile App

Our personal banking mobile app allows you to check balances, pay bills, make deposits, transfer funds and find branch locations.

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Zelle®

Zelle is the fast, safe and easy way to send money to friends and family from your online or mobile device.

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Card Controls

Protect your debit card with transaction alerts and the ability to turn your card on and off when you need to temporarily suspend usage.

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Mobile Deposit

Make check deposits quick, easy and secure within our mobile banking app. Simply sign and snap a photo. It’s that easy!

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Calculators

Calculators & Planning

Whether you plan to buy a house or save for retirement, we want to help you get there. Our financial calculators are easy-to-use tools to help you start your journey.

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For us, it's personal

Whether you're opening your first checking account, buying a new home, thinking about future financial planning, or looking for insurance coverage, Salem Five's expert bankers are here, ready to help.

Find A Salem Five

Personal service is important. If I have any issues or questions, I reach out to my branch and within minutes, they respond.

Mario Capano, Esq., Lynn

Relationship is everything

A true banking relationship is about knowing who you’re dealing with, understanding them as people, and providing them with the products and services that are right for them.

Let's Talk

They bring ideas and resources to the table to help with my business challenges.

Charla Jones, Boston, Owner of EU2BE Skin Care

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