0.40% APY*


Higher rates and lower risk, all in one.

With industry leading checking and savings rates and fully insured balances, Salem Five Direct delivers competitive opportunities to save, protect and manage your money. Experience accounts loaded with great benefits and personalized service when you need it.

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 unprecedented value to our direct banking customers through exclusive product features at highly competitive rates.

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

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

Steve C., Woburn, MA