Current Offered Rates

eOne savings is a variable rate product. The rates below are the current offered rates.

To receive posted (CD) Certificate of Deposit rate, application must be postmarked by: 12-06-2022


 

eOne

Open an account online in just minutes!

Minimum Deposit to Open

Annual Percentage Yield2

Interest Rate

eOne Savings

$100

3.50%

3.45%

eOne Checking

$100

0.01%

0.01%

eCD Specials

Open an account online in just minutes!

Minimum Deposit to Open

Annual Percentage Yield2

Interest Rate

12 Month Special CD

$10,000

2.50%

2.47%

18 Month Special CD

$10,000

3.00%

2.96%

24 Month Special CD

$10,000

3.25%

3.20%



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, except that consumers with an existing eOne Checking Account are eligible for the eOne Savings Account.

*eOne Savings earns 3.50% 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 which currently earns an APY of .01%. 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.

*eOne Checking earns 0.01% 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%.

**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.

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. 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.

Minimum balance to open a High-yield CD and obtain the Annual Percentage Yield (APY) is $10,000. Substantial penalty for early withdrawal. APY is current as of 10/12/2022 and subject to change. Maximum deposit amount is $500,000. Personal accounts only.



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).