4.10% APY*


Higher rates and lower risk, all in one.

Salem Five Direct is known for our industry leading checking and savings rates. Insured up to the FDIC limits. We offer competitive opportunities to save, protect and manage your money. All from a bank you can trust. And, now, for a limited time, we are offering special promotional CDs. Choose the CD that works for you.

Blue circle banner with Salem Five Direct Special promo CD rates

About Salem Five Direct

Salem Five Direct is an online division of Salem Five, an innovative bank located in Salem, Massachusetts with over 160 years of banking experience. At Salem Five Direct you will find unique products not available through the Salem Five branch network and therefore will change from time to time.

The Salem Five Direct mission is to offer exceptional value to our direct banking customers through exclusive product features at highly competitive rates.

Deposits insured by the Federal Deposit Insurance Corporation (FDIC).


It's a very personal relationship with Salem Five, built on honesty, integrity, and trust.

Steve C., Woburn, MA