Salem Five eOne High Yield Checking and Savings

eOne Checking™

This online checking account is loaded with features
without a monthly fee or hoops to jump through, including:

  • Fee-free debit card with Cash Back on all your non pin-based purchases
  • Free use of any ATM - no matter the location, Salem Five Direct will never
    charge a fee and will reimburse you fees other banks charge *
  • Free online bill payment
  • Mobile Check Deposit (app only)
  • Free first order of checks
  • No minimum balance
  • FDIC and DIF insurance to protect your entire balance

Now eOne has an additional bonus feature: Cash Back on all your non
pin-based purchases with your debit card. Groceries, gas, can
all add up to hundreds of dollars each year in cash rewards. No points
to keep track of or hassles of other rewards programs. Salem Five direct
gives you a percentage of your debit purchases in an automatic cash
reward posted to your account each month.

All this, and a highly competitive interest rate. You won't find a better
rate anywhere on a checking account that offers so many features and benefits.

Click here to apply for an eOne Checking account


*Please read important information:

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