Introducing three promotional Certificate of Deposit (CD) offers with very competitive rates. Choose the savings term that works for you: 24-month CD, 18-month CD or 12-month CD. Open online or visit your nearest Salem Five branch.
CDs can be a smart, easy financial tool to earn higher interest rates for a fixed amount of time -- with the security of having your funds insured up to allowable limits. These funds should be funds that you don’t need access to for a period of time. For more information on CDs and to determine if it’s the right tool for you, read this article.
1 Minimum balance to open a Special CD and obtain the Annual Percentage Yield (APY) is $10,000. Substantial penalty for early withdrawal. APY is current as of 5/10/2022 and subject to change. Maximum deposit amount is $500,000. Fees may reduce earnings. Personal accounts only.