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: 9-27-2022

Special CDs

Click product below to open an account online in just minutes!

Minimum Balance to Obtain Annual Percentage Yield

Annual Percentage Yield1 Interest Rate

12 Month Special CD

$10,000

2.00%

1.98%

18 Month Special CD

$10,000

2.75%

2.72%

24 Month Special CD

$10,000

3.00%

2.96%

30 Month Special CD

$10,000

2.00%

1.98%

36 Month Special CD

$10,000

2.00%

1.98%

48 Month Special CD

$10,000

2.25%

2.23%

60 Month Special CD

$10,000

2.25%

2.23%

Regular CDs

Click product below to open an account online in just minutes!

Minimum Balance to Obtain Annual Percentage Yield

Annual Percentage Yield1 Interest Rate

3 Mo. (91-181) Day CD

$2,500 0.05% 0.05%

6 Mo. (182-364) Day CD

$2,500 0.05% 0.05%

12 - 17 Month CD

$500 0.25% 0.25%

18 - 23 Month CD

$500 0.25% 0.25%

24 - 29 Month CD

$500 0.25% 0.25%

30 - 35 Month CD

$500 0.35% 0.35%

36 - 41 Month CD

$500 0.35% 0.35%

42 - 59 Month CD

$500 0.50% 0.50%

60 Month CD

$500 0.50% 0.50%

9 Month No Penalty CD

$10,000 0.05% 0.05%

Retirement CDs

Get Started with a Retirement Specialist.

Minimum Balance to Obtain Annual Percentage Yield

Annual Percentage Yield1 Interest Rate

3 Mo. (91-181) Day CD

$500

0.05% 0.05%

6 Mo. (182-364) Day CD

$500

0.05% 0.05%

12-17 Month CD

$500

0.25%

0.25%

18-23 Month CD

$500

0.25%

0.25%

24-29 Month CD

$500

0.25%

0.25%

30-35 Month CD

$500

0.35%

0.35%

36-41 Month CD

$500

0.35%

0.35%

42-59 Month CD

$500

0.50%

0.50%

60 Month CD

$500

0.50%

0.50%

12 Month Special IRA

$2,000

2.00%

1.98%

18 Month Special IRA

$2,000

2.75%

2.72%

24 Month Special IRA

$2,000

3.00%

2.96%

30 Month Special IRA

$2,000

2.00%

1.98%

36 Month Special IRA

$2,000

2.00%

1.98%

48 Month Special IRA

$2,000

2.25%

2.23%

60 Month Special IRA

$2,000

2.25%

2.23%

Retirement Money Market

Get Started with a Retirement Specialist.

Minimum Balance to Open

Annual Percentage Yield2

Interest Rate

Retirement Money Market

$10 0.05% 0.05%

Gold Star Money Market

Minimum Balance to Open: $10

Open an account online in just minutes!

Daily Balance Range

Annual Percentage Yield2

Interest Rate
Tier 1 Below $5,000.00 0.05% 0.05%
Tier 2 Equal to or greater than $5,000.00 but less than $10,000.00 0.05% 0.05%
Tier 3 Equal to or greater than $10,00.00 but less than $25,000.00 0.10% 0.10%
Tier 4 Equal to or greater than $25,000.00 but less than $50,000.00 0.10% 0.10%
Tier 5 Equal to or greater than $50,000.00 but less than $75,000.00 0.10% 0.10%
Tier 6 Equal to or greater than $75,000.00 but less than $100,000.00 0.10% 0.10%

Tier 7

Equal to or greater than $100,000.00 but less than $250,000.00 0.10% 0.10%

Tier 8

Equal to or greater than $250,000.00 but less than $500,000.00 0.10% 0.10%

Tier 9

Equal to or greater than $500,000.00 0.10% 0.10%

Advantage Money Market

Minimum Balance to Open: $10

Open an account online in just minutes!

Annual Percentage Yield2

Interest Rate

$100,000 and over

0.10% 0.10%
$75,000 to less than $100,000 0.05% 0.05%
$50,000 to less than $75,000 0.05% 0.05%
$25,000 to less than $50,000 0.05% 0.05%
$10,000 to less than $25,000 0.05% 0.05%
$5,000 to less than $10,000 0.01% 0.01%
$0 to less than $5,000 0.01% 0.01%

Savings

Minimum Balance to Open: $10

Open an account online in just minutes!

Minimum Balance to Obtain Annual Percentage Yield

Annual Percentage Yield2

Interest Rate

Open Savings

(The Open Account Required)

$0.01

0.05% 0.05%

Gold Star Saver

$0.01 0.01% 0.01%

Statement Savings

$10 0.01% 0.01%
18/65 Savings $10 0.01% 0.01%

Fixed-Rate Mortgages

Apply Now

Rate

Points

Annual Percentage Rate7

Payment per $1000

30-yr APR

6.13%

2.50

6.4685%

$6.08

15-yr APR

5.13%

3.50

5.8355%

$7.97

Auto Loans

Apply Now

Term

Annual Percentage Rate

Payment per $1000

New

60 Months

8.74%4

$20.63

Used Up to 4 Years Old

48 Months

9.74%5

$25.24

Used 5 Years or Older

36 Months

10.74%6

$32.62

Home Equity Line of Credit

Apply Now

Annual Percentage Rate3

Star Home Equity Line of Credit

For a limited time, we're offering an introductory 4.99% fixed for the first 6 months and
then prime - ½% with a floor of 2.75% after the 6-month introductory period. 

4.99% / 5.75%



 

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. Maximum deposit amount is $500,000 for Special CD and Special IRA CD.

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

3The Annual Percentage Rate (APR) for this Star Home Equity Line is 4.99% fixed for the first 6 months then Prime -½% variable based on the highest domestic Prime Rate published in The Wall Street JournalThe Prime Rate as of 9/22/2022 is 6.25%. Call (800) 472-5365 for current rates.  Combined Loan to Value's (“CLTV”) not to exceed 60% of the tax assessed value or 50% for lines secured by condominiums or townhouses. CLTV's up to 70% (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. 1- to 4- family owner-occupied residences only. A $500 early termination fee applies for lines paid off within the first three years. There is a $50 annual fee. For line amounts greater than $400,000, a full Appraisal will be required, and 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 2.75% after the 6-month introductory period. Property insurance is required, and flood insurance, if necessary. Other restrictions may apply.

The Annual Percentage Rate (APR) for a New Auto Loan rate of 8.74% requires automatic payment from The Open Account. If you choose not to establish this automatic payment, the APR is 8.99%, resulting in a monthly payment per $1,000 of $20.75.

The Annual Percentage Rate (APR) for a Used Auto Loan (up to 4 years old) of 9.74% requires automatic payment from The Open Account. If you choose not to establish this automatic payment, the APR is 9.99%, resulting in a monthly payment per $1,000 of $25.36.

The Annual Percentage Rate (APR) for a Used Auto Loan (5 years or older) of 10.74% requires automatic payment from The Open Account. If you choose not to establish this automatic payment, the APR is 10.99%, resulting in a monthly payment per $1,000 of $32.73.

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 September 23, 2022. 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.