Security Center Alerts
The Financial Independence, Retire Early (FIRE) Method
The Financial Independence Retire Early (FIRE) method is a lifestyle movement designed to help individuals achieve early retirement through disciplined saving ...
Retirement Money Market
Earn preferred rates
Compiling interest on your hard-earned savings is an integral part of any retirement plan, and Salem Five’s retirement planners can help you build the plan that best fits your needs. You’ll get peace of mind to go along with your interest, too, because your funds are FDIC-insured. We offer many retirement accounts:
- IRAs
- SEPs
- Roth IRAs
- Education IRAs
Contact us for any additional questions or assistance. Read our Consumer Fee Schedule.
Helpful Calculators
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Spend it or Invest in an IRA?
If you are considering a large purchase or investment this calculator helps you understand the long-term impact of spending today versus investing in an IRA for your retirement.
Fintactix Logo External Link DisclaimerBy clicking the fintactix logo, you will be leaving Salem Five’s website and be taken to a third-party website. That website may have a privacy policy different from Salem Five and may provide less security than this Salem Five site. Salem Five and its affiliates are not responsible for the products, services, security, and content on the third-party website.By clicking the fintactix logo, you will be leaving Salem Five’s website and be taken to a third-party website. That website may have a privacy policy different from Salem Five and may provide less security than this Salem Five site. Salem Five and its affiliates are not responsible for the products, services, security, and content on the third-party website.Open an IRA Account today! -
How Long Will My Retirement Savings Last?
Estimate how long your retirement savings will sustain your desired lifestyle. This tool considers your spending habits, expected returns, and inflation to provide a realistic projection.
Fintactix Logo External Link DisclaimerBy clicking the fintactix logo, you will be leaving Salem Five’s website and be taken to a third-party website. That website may have a privacy policy different from Salem Five and may provide less security than this Salem Five site. Salem Five and its affiliates are not responsible for the products, services, security, and content on the third-party website.By clicking the fintactix logo, you will be leaving Salem Five’s website and be taken to a third-party website. That website may have a privacy policy different from Salem Five and may provide less security than this Salem Five site. Salem Five and its affiliates are not responsible for the products, services, security, and content on the third-party website.Meet with an IRA Specialist -
Save for Retirement
Determine how much you need to save monthly to reach your retirement goals. This calculator considers your desired retirement age, lifestyle and expected expenses.Fintactix Logo External Link DisclaimerBy clicking the fintactix logo, you will be leaving salemfive.com and be taken to another website where the privacy and security policies may differ from our site.Salem Five Bank provides third party links for your convenience. Salem Five Bank is not responsible for the products, services, content, privacy policy, and security policy on third party websites.Get Started with a Savings Plan
Articles of Interest
2025 Child Tax Credits
Child Tax Credits are tax breaks the federal government offers to support U.S. taxpayers with eligible dependent children under 17. These credits aim to reduce ...
2024 & 2025 Maximum IRA Contribution Limits
Individual retirement accounts, or IRAs, are popular tax-deferred, long-term investments that offer financial security during retirement ...