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We offer our customers in the greater Boston community competitive bank interest rates across all of our products, both with the interest you pay on loans and the interest you accrue on savings. We're here to help you achieve your financial goals. Contact us today or visit one of our branch locations to learn more.
CDs
Maximize your savings with our Special CD accounts, offering higher interest rates and fixed terms. For retirement planning, our IRA accounts provide tax advantages and flexible options, including Traditional and Roth IRAs. Secure your financial future with our tailored savings solutions!
Special CDs
For higher interest on your savings, consider a Special CD. It pays more than savings accounts and has a fixed rate for a set term.
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 CDs.
Checking
A checking account is the foundation of everyday banking, giving you easy access to your money whenever you need it. Salem Five offers checking account options with convenient features, digital banking tools, and benefits to help you manage your finances with confidence.
Connect Five™ Account
Minimum Balance to Open: $10
A digitally-oriented, checkless account, perfect for teens, young adults or those starting out on their financial journey and looking to manage their spending.
1Minimum opening deposit is $10 for the Club Five Checking Account and $10 for the companion Club Five Money Market account. Club Five Checking rate is variable and subject to change after account opening. Fees may reduce earnings.
Savings & Money Market
Whether you're building savings or managing larger balances, Salem Five savings and money market accounts provide earning potential and easy access to your money.
Classic Five Savings℠
Minimum Balance to Open and Obtain APY: $10
Earn a variable interest rate on your balance while enjoying easy access to your funds. About a Classic Five Savings Account.
Annual Percentage Yield1
1.00%
Monthly maintenance fee will be waived for the first month for new account openings.
1The rates are accurate as of today. $10 Minimum Balance to Obtain Annual Percentage Yield. Rate may change after account is opened. Fees may reduce earnings on accounts. Personal accounts only.
2The Annual Percentage Yield (APY) is accurate as of today. $10 Minimum Balance to Obtain Annual Percentage Yield. 2.40% APY earned for balances $50,000 or more; 1.00% APY earned for balances $25,000 - $49,999.99; 0.50% APY earned for balances $10,000 – 24,999.99; 0.10% APY earned for balances $10.00 – 9,999.99. Rate may change after account is opened. Fees may reduce earnings. Offer available for funds not currently on deposit. Maximum deposit limit is $1,000,000 per account and one account per customer. Personal accounts only.
3The Annual Percentage Yield (APY) is accurate as of today. $10 Minimum Balance to Obtain Annual Percentage Yield. 4.00% APY earned for balances $100,000 or more; 2.50% APY earned for balances $50,000 - $99,999.99; 1.50% APY earned for balances $10,000 - $49,999.99; 0.05% APY earned for balances $10 - $9,999.99. Rate may change after account is opened. Fees may reduce earnings. The Club Five Money Market requires an open and funded Club Five Checking account. Offer available for funds not currently on deposit. Maximum deposit limit is $1,000,000 per account and one account per customer. Personal accounts only.
4The Annual Percentage Yield (APY) is accurate as of today. 2.40% APY earned for balances $50,000 or more; 0.10% APY earned for balances $0.01 - $49,999.99. Rate may change after account is opened. Fees may reduce earnings. Offer available for funds not currently on deposit. Maximum deposit limit is $1,000,000 per account and one account per customer. Personal accounts only.
5The Annual Percentage Yield (APY) is accurate as of today. 0.10% APY earned for balances $100,000 or more; 0.05% APY earned for balances $10,000 - $99,999.99; 0.01% APY earned for balance $0.01 - $9,999.99. Rate may change after account is opened. Fees may reduce earnings. Personal accounts only.
Retirement
Planning for retirement doesn’t have to be a chore. Our Retirement Specialists will work with you to understand your circumstances and your goals. We’ll help you create a solid plan—and we’ll be here with you to see it through.
Special IRA CDs
Maximize your retirement savings with our special IRA CDs. Start your investment with as little as $2,000 and enjoy the security of fixed return.
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 IRA CDs.
2 The Annual Percentage Yield (APY) is accurate as of today. 2.40% APY earned for balances $10,000 or more; 0.10% APY earned for balance $0.01 - $9,999.99. Rate may change after account is opened. Fees may reduce earnings.
Auto Loans
Finance your vehicle with confidence at Salem Five, where our auto loan rates are competitive, and our terms are flexible.
1 The Annual Percentage Rate (APR) for a New Auto Loan rate 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 $21.24.
2 The Annual Percentage Rate (APR) for a Used Auto Loan (up to 4 years old) 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 $25.84.
3 The Annual Percentage Rate (APR) for a Used Auto Loan (5 years or older) of 11.74% requires automatic payment from The Open Account. If you choose not to establish this automatic payment, the APR is 11.99%, resulting in a monthly payment per $1,000 of $33.21.
Fixed-Rate Mortgages
Looking for the best mortgage rates in Massachusetts? Salem Five offers highly competitive rates tailored to your needs. Whether you’re purchasing a new home or refinancing, our current mortgage rates provide you with the best possible terms.
1 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 August 31, 2026 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.
Salem Five Mortgage Company, LLC ("SFMC") provides home financing in Massachusetts, Maine, New Hampshire, Rhode Island and Florida. SFMC is licensed by the New Hampshire Banking Department and has a Rhode Island Lender and Broker License. SFMC's National Mortgage Licensing System unique identifier is 4662. Salem Five Mortgage Company, LLC (SFMC) is a wholly owned subsidiary of Salem Five Bank.
HELOC
Take control of your home’s equity with a Salem Five Home Equity Line of Credit. Our introductory rates make it easier to manage large expenses or consolidate debt with flexibility and ease.
Star Home Equity Line of Credit
For a limited time, we're offering an introductory 5.49% fixed for the first 6 months and then prime - ½% with a floor of 2.75% after the 6-month introductory period.
1The Annual Percentage Rate (APR) for this Star Home Equity Line is 5.49% fixed for the first 6 months then Prime -½% variable based on the highest domestic Prime Rate published in The Wall Street Journal. The Prime Rate as of 8/24/2026 is 6.75%. 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. Home Equity Line of Credit Products provided by Salem Five Bank, NMLS ID 407901.
HELOC products are offered through Salem Five Bank | Thomas Toland, NMLS Unique ID #415026 _________________________________________________________
Salem Five Cents Savings Bank NMLS ID #407901
Information relative to mortgage loan originators can be found on the NMLS Consumer Access Website at: www.nmlsconsumeraccess.org/
