Salem Five Bank — Providing full-service financial services including banking, mortgage lending, loans, insurance and investments.

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Renew Your Certificate of Deposit

Renewing your Certificate of Deposit (CD) with Salem Five is simple and secure. Explore convenient options to keep your savings growing—online, in-branch, or by mail—so you can choose the method that works best for you. View Salem Five’s latest CD rates here.

  1. Online 
    Renew your CD quickly and securely online at maturity or during the grace period. If your CD is outside the renewal window, you can still view account details via Online Banking. The renewal process takes just a few minutes.

    Please note: CDs held in the name of a Trust are not eligible for online renewal.

    Renew your CD Online


  2. In-Branch
    Visit any Salem Five branch to renew your CD in person. Our team is happy to assist you.

  3. By Mail 
    To renew and add funds from an external account, mail the completed form included with your maturity notice — or written request — along with a check to:

    Salem Five Bank
    ATTN: CD RENEW
    210 Essex Street
    Salem, MA  01970

    Important: If we do not receive renewal instructions within 10 days of your CD's maturity date, it will automatically renew to a Regular CD with the same term at the current rate.

Limited-Time Offers

CD Special

3.75%APY1

7-month CD

Open the 7-month Special CD

CD Special

3.50%APY1

12-month CD

Open the 12-month Special CD

1 Annual Percentage Yield (APY) is accurate as of 12/17/2025 and subject to change. A minimum balance of $10,000 is required to open and obtain the annual percentage yield (APY) for our non-IRA CD Special, and for our IRA CD Special, the minimum balance is $2,000. A penalty will be imposed for early withdrawals from Certificates of Deposit (CDs). Maximum deposit amount is $500,000. The 7-month Special CD is restricted to residents of Massachusetts, New Hampshire and Rhode Island. Fees may reduce earnings. Personal accounts only. One account per customer.