Personal Accounts

Salem Five’s personal banking experts are here to work with you and work for you. We start by understanding your needs, then set you up with the combination of accounts that’s right for you and your goals.



Benefits and Features

The Open Account is a rich, rewarding, convenient checking alternative, that offers powerful tools to manage your finances, access to trusted, local experts, and Open Rewards that deliver cash back for debit card usage and ATM fee reimbursements.

  • No monthly maintenance fee
  • No minimum balance requirement
  • Open Rewards (cash back for everyday debit card usage and ATM fee reimbursement)
  • 55,000+ fee-free Allpoint ATMs


Benefits and Features

Savings accounts help you grow your funds, setting aside money to earn interest and accumulate. Yet, you still have easy access to your money. Whether it’s a vacation fund, rainy-day account, or a new car kitty, you can dip into your savings whenever you need it—or just watch it grow.

Money Market

Benefits and Features

Money market accounts earn interest while their instant liquidity gives you easy access to your funds. Salem Five offers several savings options, with variable tiered interest rates tied to minimum balance, to help you work toward your financial goals. There’s no monthly fee when you maintain your minimum balance.


Benefits and Features

A Certificate of Deposit (CD) is a powerful way to grow your savings. Salem Five offers three kinds of CDs and we’re here to help you select the right one for your needs. Enjoy higher yields on longer-term savings, from 3 months to 5 years, a variety of terms, and guaranteed return.

Retirement Savings

Benefits and Features

Planning for retirement doesn’t have to be a chore. Our Retirement Specialist will work with you to understand your circumstances and your goals. We’ll help you create a solid plan—and we’ll be here with you to see it through.


Benefits and Features

We're ready when you are. With Salem Five, loan approvals take less time, allowing you to take advantage of opportunities as they arise.

We have multiple properties we own, so between checking and escrow accounts, it's complicated. Their personal and online tools help uncomplicate everything.

Paula & Jamie Gaull, Marblehead


Thomas Toland, NMLS Unique ID #415026
Salem Five Cents Savings Bank NMLS ID #407901

Information relative to mortgage loan originators can be found on the NMLS Consumer Access Website at: