Current Rates

Salem Five is devoted to strengthening the greater Boston community. One of the ways we do that is by offering our customers the most competitive interest rates across all of our products, both with the interest you pay on loans and the interest you accrue on investments. We’re happy to walk you through any of the information below—just drop by your preferred location, or give us a call.

To receive posted (CD) Certificate of Deposit rate, application must be postmarked by: 6-3-2020.


1 A penalty will be imposed for premature withdrawal from Certificates of Deposit (CDs). Personal accounts only. Rates stated are accurate as of today. Fees may reduce earnings on Retirement CDs. All rates are accurate as of today.

2 The rates are accurate as of today. Rates are variable and subject to change after account opening. Fees may reduce earnings on accounts. 

3 The Annual Percentage Rate (APR) for this Star Home Equity Line is variable based on the highest domestic Prime Rate published in The Wall Street Journal. The Prime Rate as of 05/26/2020 is 3.25%. Call (800) 472-5365 for current rates.  Combined Loan to Value's (“CLTV”) up to 65% (60% for condominiums or townhouses) determined using a Salem Five certified property appraisal or an online statistical appraisal acceptable to the lender are permitted. A Salem Five certified property appraisal will be obtained at the applicant’s expense if: 1) the value determined using an online statistical appraisal is unacceptable to the Lender or the applicant; 2) the requested line amount exceeds $400,000; or 3) for line requests secured by properties acquired via foreclosure, short sale, or the gift of equity. CLTV guidelines assume either an existing Salem Five first mortgage loan or no existing lien on the subject property. 1- to 4- family owner-occupied residences only. A $500 early termination fee applies for lines paid off within the first three years. For line amounts greater than $400,000, Title Insurance may be required. Additional fees will apply if the property is held in the name of a Trust. This offer is subject to change at any time without notice. Consult a tax advisor regarding the tax deductibility of interest. The maximum possible APR is 18%.  The minimum possible APR is 3.25%. Property insurance is required, and flood insurance, if necessary. Offer not available on Home Equity Lines of Credit requests that will result in a lien that is subordinate to another lender’s lien. Other restrictions may apply.

The Annual Percentage Rate (APR) for a New Auto Loan rate of 5.74% requires automatic payment from The Open Account. If you choose not to establish this automatic payment, the APR is 5.99%, resulting in a monthly payment per $1,000 of $19.33.

The Annual Percentage Rate (APR) for a Used Auto Loan (up to 4 years old) of 6.74% requires automatic payment from The Open Account. If you choose not to establish this automatic payment, the APR is 6.99%, resulting in a monthly payment per $1,000 of $23.94.

The Annual Percentage Rate (APR) for a Used Auto Loan (5 years or older) of 7.74% requires automatic payment from The Open Account. If you choose not to establish this automatic payment, the APR is 7.99%, resulting in a monthly payment per $1,000 of $31.33.

Your actual APR will be determined based on Property Type, Loan Amount, Loan to Value Ratio, Credit History or other specific loan request. The maximum loan amount varies by county. Subject to credit approval. The Annual Percentage Rate (APR) quoted is available as of May 29, 2020. Rates subject to change at any time. Offer available for owner occupied, single family properties with a combined loan to value (CLTV) up to 75% or less with a credit score(s) of 740 or greater for a lock period of 30 days for purchase and rate and term refinance loans. Hazard Insurance is required. Flood Insurance may be required. Other restrictions may apply. Actual payments may be greater as payments disclosed do not include any amounts for taxes and/or insurance premiums. All mortgage loan products offered through Salem Five Mortgage Company, LLC, NMLS #4662.