You've managed to save a nice amount of cash - and we'd like to help you make it even nicer.
In addition to some of the best rates such as these, with our Certificate of Deposit (CD) you also get:
- Easy online account access
- No monthly fees
- Eco-friendly eStatements and other convenient account services
- FDIC and DIF insurance to protect your entire balance
A CD from SalemFive Direct is an easy way to be smart about your savings -
now isn't that nice?
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
*Please read important information:
Minimum balance to open and obtain the Annual Percentage Yield (APY) is $10,000. Substantial penalty for early withdrawal. APY is current as of 3/28/2017 and subject to change. Maximum deposit amount is $500,000. Personal accounts only.