Current Offered Rates


Salem Five Direct offers our customers competitive interest rates across all of our products to help you meet your savings goals. Earn a competitive high-yield savings rate with no commitment and access your money when you want. Open an account online in just minutes! 

eOne Savings eligibility is limited to consumers who apply online and who do not have an existing checking or savings account with Salem Five Bank at the time of the application. Consumers with an existing eOne Checking Account are eligible for the eOne Savings Account.

1eOne Savings earns 3.51% APY (Annual Percentage Yield) on daily balances of $0.01-$1,000,000 and must be opened with funds not previously on deposit with Salem Five or Salem Five Direct. Salem Five reserves the right to transfer balances over $1,000,000 to a Statement Savings Account earning a variable rate of interest and APY as disclosed to you at the time the account is opened. eOne Savings may be used to provide overdraft protection for eOne Checking.

You must deposit at least $10 to open this account. The stated APY applies to new eOne accounts opened as of today's date. Fees may reduce earnings.

eOne Checking 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.

2 eOne Checking earns 0.01% APY (Annual Percentage Yield) on daily balances of $0.01 - $1,000,000.

You must deposit at least $10 to open this account. The rate may change after the account is opened. The stated APY applies to new eOne accounts opened as of today's date.  Fees may reduce earning. This offer is not available at Salem Five branch locations. Consumer accounts only.

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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).

FAQs About Salem Five Bank