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Please select the type of account you wish to open.
Deposits Are Fully Insured 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.
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* Please read important information
Eligibility for eOne accounts limited to online consumer applicants who do not have other existing deposit accounts with Salem Five Bank, excluding certificates of deposit or an existing eOne account.
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.
On eOneSavings earn 1.10% APY (Annual Percentage Yield) on average daily balances of $0-$1,000,000. Salem Five reserves the right to transfer balances over $1,000,000 to a standard statement savings account on which statement savings rates apply. eOne Savings may be used to provide overdraft protection for eOne Checking.
On eOneChecking earn 0.65% APY (Annual Percentage Yield) on average daily balances of $100,000-$1,000,000. Earn 0.65% APY on average daily balances of $50,000-$74,999.99 and $75,000-$99,999.99. Earn 0.60% APY on $0-$4,999.99, $5,000-$9,999.99, $10,000-$24,999.99 and $25,000-$49,999.99. Salem Five reserves the right to transfer balances over $1,000,000 to the eOne Funding Account which currently earns an APY of 0.50%.
Minimum to open these accounts online is $100. The rate may change after the account is opened. The stated APY applies to new eOne accounts opened after 01/20/2010.
Cash Back Debit Reward applies to all non-PIN based purchases. Cash Back Debit Reward is at the rate of $0.005 for each $1.00 debit card purchase via signature-based transactions (when you choose credit). Cash reward will automatically appear on your monthly account statement.
$25 bonus is an interest credit to be posted to your account within 60 days of initiating a recurring direct deposit such as payroll or social security payments. The recurring direct deposit must be initiated within 90 days of account opening.
Account requires online statements. This offer is not available at Salem Five branch offices. Consumer accounts only.