About Us

Salem Five Direct is an online division of Salem Five Cents Savings Bank, an innovative bank located in Salem, Massachusetts with over 150 years of banking experience. On the Salem Five Direct website you will find unique bank product offerings developed exclusively for clients seeking to conduct business on the internet. These offers will not be available through the Salem Five branch network and will change from time to time. The Salem Five Direct mission is to offer unprecedented value to our direct banking customers through exclusive product features at highly competitive prices.

All deposits at Salem Five Direct are fully insured through a combination of insurance by the Federal Deposit Insurance Corporation (FDIC) and the Massachusetts Depositors Insurance Fund (DIF).

Salem Five Cents Savings Bank was founded in 1855 and today has assets in excess of $3.3 billion. We're a leading financial services institution that offers a complete array of products and services for consumers, small businesses and middle market companies. Through our various subsidiaries - Salem Five Mortgage Company, LLC, Salem Five Investment Services, LLC, our full-service brokerage company and Salem Five Boyle Insurance Services, LLC, we meet the financial needs of consumers and small businesses everywhere!

At Salem Five, we believe that building banking relationships is about more than just products and services. Whether we do business face-to-face or computer-to-computer, our commitment to offering service and quality that's second to none is paramount. We'll help you find precisely the right financial solutions that fit your needs, delivered with the high-touch service you deserve. That's banking with you in mind. That's salemfivedirect.com at Salem Five.  To learn more about Salem Five, click here.