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Maximize your earnings with our industry leading checking and savings rates. Experience an online checking account that's loaded with great benefits and a great rate, and a companion high-interest savings account with a rate guarantee through
July 1, 2015
!



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Salem Five eOne Savings Guaranteed Rate 
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Deposits Are Fully Insured
With Additional Coverage to Enjoy
Thanks to SalemFive Direct's Massachusetts Banking Heritage.

The combination of FDIC and DIF insurance provides customers of Salem Five with full deposit insurance on all of your deposit accounts. The FDIC insures all deposits up to $250,000 per depositor and up to $250,000 per depositor for traditional and Roth IRAs. All deposit amounts above the FDIC limits are insured in full by the Depositors Insurance Fund. You can access additional information at the FDIC and DIF websites.

 

*Please read important information:

eOne Checking eligibility is limited to consumers who apply online and who do not have an existing checking account with Salem Five Bank at the time of the application. Account must be opened with funds not currently on deposit with Salem Five Bank.

With an eOne Checking Account, Salem Five will never charge a fee for ATM transactions conducted at non-Salem Five ATMs, and we will reimburse the fees other banks charge up to $15 per statement cycle.

eOne Checking earns 0.25% APY (Annual Percentage Yield) on daily balances of $0.01 - $1,000,000. Salem Five reserves the right to transfer balances over $1,000,000 to the eOne Funding Account which currently earns an APY of 0.10%.

Minimum balance to open the account is $100. The rate may change after the account is opened. The stated APY applies to new eOne accounts opened after 06/05/2012. Fees may reduce earning. Rewards apply to point-of-sale, non-PIN based debit card transactions (when you choose “credit”) with no minimum purchase amount and no cap to the cash rewards you may earn.  ATM and PIN based transactions do not qualify.  Cash Debit Rewards is at the rate of $0.05 for each debit card purchase (when you choose “credit”).  Rewards accrued are credited to your account on the last day of the statement cycle in which the purchase is posted.  Your account must be open and in good standing on the date the rewards are posted to receive the reward.  We reserve the right to deduct rewards credits if you return merchandise for which you have qualified or received debit rewards.  Any taxes related to debit rewards are the recipient’s sole responsibility.  Program may be terminated at any time at our sole discretion.

This offer is not available at Salem Five branch locations. Consumer accounts only.

*Please read important information:

eOne Savings eligibility is limited to consumers who apply online and who do not have an existing checking or savings account with Salem Five Bank at the time of the application, except that consumers with an existing eOne Checking Account are eligible for the eOne Savings Account. Account must be opened with funds not currently on deposit with Salem Five Bank.

eOne Savings earns 1.00% APY (Annual Percentage Yield) on daily balances of $0.01-$500,000. Salem Five reserves the right to transfer balances over $500,000 to a Statement Savings Account which currently earns an APY of .05%. eOne Savings may be used to provide overdraft protection for eOne Checking. The interest rate and annual percentage yield shall remain fixed until July 1, 2015 thereafter the interest rate and annual percentage yield may change daily at the discretion of the bank.

Minimum balance to open the account is $100. The stated APY applies to new eOne accounts opened after 11/25/2015. Fees may reduce earnings.