Security Center Alerts
Supporting The Causes That Matter
Salem Five is proud of its commitment to supporting nonprofits throughout the region. New this year, Salem Five has hosted two educational events to help nonprofit organizations navigate challenging issues and environments. The first event held in May featured an expert panel of nonprofit leaders including: Stratton Lloyd, President and CEO of the Essex County Community Foundation; Jim Klocke, CEO of the MA Council of Nonprofits; Andrew McKenzie-DeFranza, Executive Director of Harborlight Homes and Carl Howell, CEO of Community Teamwork. The session was moderated by State Representative Hannah Bowen. Due to the success of this event, a recent event was held at the Greater Boston Stage Company and featured nonprofit every.org CEO, Allison Fine – tapping into the AI landscape and how nonprofits can still remain human-centered while embracing this new technology. See press release here. We anticipate continuing to offer valuable educational topics and networking opportunities to our nonprofit partners in 2027.
In addition, the Salem Five Charitable Foundation continues to provide grants to hundreds of nonprofits each year – and this year is no different. Focusing on the following areas of giving: Economic Self-Sufficiency, Food Insecurity and Human Services, the Charitable Foundation provides needed funding in the communities we serve. For more information or to apply for your nonprofit, click below.
Check out our New Checking Accounts!
Recently, Salem Five introduced three new checking accounts that better meet the needs of customers across all stages of life and financial maturity. Whether you’re looking for flexibility, digital convenience or premium benefits, Salem Five has an option built for you.
And, all of our accounts come with the option to enroll in Debit Card Round Up. Support better financial habits with automatic savings designed to help you manage your money responsibly. When you opt in to Debit Card Round Up, your transactions are rounded up to the nearest dollar. This balance is transferred automatically to a companion savings account to gradually build up your savings in an effortless way. Find out more or open an account today .
If you enroll in the Debit Card Round Up service, Salem Five will round up each debit card purchase made by you or any joint owner of your checking account to the next whole dollar. The difference will be transferred to your designated savings or money market account.
Round-up amounts from purchases posted to your checking account are aggregated each business day and transferred as a single “Round-Up Transfer” at the end of that day. Round-ups apply only to debit card or POS transactions. ATM, ACH, cash, and bill payments are excluded. If your checking account does not have sufficient available funds at the end of any business day, no round-up transfers will occur. The designated savings or money market account must be active with a positive balance.
If a debit card purchase is later disputed, canceled, or reversed, the corresponding round-up transfer will remain in your savings or money market account.
You may change or cancel your enrollment in the Debit Card Round Up service by going to salemfive.com/manageroundup, visiting a Salem Five branch location or calling us at (800) 850 5000. Salem Five may modify or terminate this service at its discretion.
To enroll and participate, you must maintain ownership of both the checking account associated with the debit card(s) and the savings or money market account used for transfers. Debit Card Round Up is available only for consumer accounts.
Old Man Winter is Right Around the Corner
Since fall is in full swing, it means the winter is not far behind. And, as we all know living in New England, the winter brings cold, ice and sometimes treacherous conditions on the road or in your home. Salem Five Insurance has a few handy reminders to help you prepare:
Winter Home & Auto Checklist
- Review your homeowners coverage and know your deductible
- Know the difference between wind and flood coverage (and what’s covered with each)
- Photograph your home and your most valuable belongings
- Secure outdoor furniture or put it away
- Move valuables off basement floors
- Clean gutters and downspouts
- Inspect the roof for loose or damaged shingles
- Trim branches away from your home
- Have your heating system serviced
- Check smoke and carbon monoxide detectors
- Seal drafty windows and doors
- Disconnect and store outdoor hoses
- Make sure your sump pump is working properly
- Order ice melt now before stores run out (and pet-friendly is appreciated!)
- Check tire pressure and treads
- Consider purchasing snow tires (or all-weather tires)
- Check brakes, lights and wipers
- Test your battery (especially if it’s older)
- Top off fluids now
- Test your heat and defroster
- Pack an emergency kit
- Invest in a quality ice scraper
Contact Us
Insurance products offered through Salem Five Insurance Services, LLC. Insurance products are not FDIC insured, not bank guaranteed, not a deposit and not insured by any federal government agency.
5 Things Investors Should Know About the Midterm Elections
As we head to the midterm elections and beyond, you may be wondering how it could affect your financial plan. Midterm elections tend to generate a lot of headlines, but very little of that coverage translates into advice you can actually use. Control of Congress affects tax law, regulation, government spending, and trade policy—all of which touch your investments, your paycheck and your long-term plans. Here are five things worth knowing about the midterms and your financial plan, based on historical patterns rather than predictions.
Watch Video
Top 5 Considerations for Investors
- Historical Market Averages After Midterms are Typically Favorable
- Expect More Volatility
- Consider Industry-Specific Regulatory Changes
- Leverage Roth Conversions if Able
- Maintain a Long-term Focus
At Salem Five Wealth Management & Trust , we believe your financial plan should be built for more than one election cycle. If you have questions about what the midterms could mean for your plan, connect with your Salem Five Wealth Management advisor or call (800) 557-5004.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Salem Five Bank and Salem Five Wealth Advisors are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using the name Salem Five Wealth Advisors, and may also be employees of Salem Five Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of Salem Five Bank or Salem Five Wealth Advisors. Securities and insurance offered through LPL or its affiliates are:
The LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.
Salem Five Bank provides referrals to financial professionals of LPL Financial LLC (“LPL") pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. Salem Five Bank is not a current client of LPL for advisory services.
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