Salem Five Cents Savings Bank – CD Rates
CD Rates are still incrementally creeping up. 5-year treasury yields have been holding in the 2.30% range which is definitely adding pressure on the longer-term CD Rates. I thought Ben was supposed to be holding down rates to save the housing market?!?
Salem Five Cents Savings Bank appears to be quite a healthy bank. The various rating sites give them between 3-stars to 5-stars. We gave them a 4. They certainly have competitive CD Rates with their 5-year tied for the highest that I’ve seen.
| FDIC# | 23296 |
| Stats Updated: | 09/10 |
| Star Rating: | 4 (****) |
| Assets: | $2.80BB |
| Equity: | $264.4MM |
| Capital Ratio: | 9.43% |
| Profits(loss): | $13.2MM |
| Phone#: | (978)745-5555 |
| Contact: | Customer Service |
| Address: | 71 Washington St. Salem, MA 01970 |
| Website: | www.salemfive.com |
Salem Five Cents Savings Bank takes personal funds, trusts, and IRAs. They appear to have a pretty straightforward process. The rates below are for a $10,000 minimum balance
| 12-Months: | 0.50% |
| 24-Months: | 0.80% |
| 5-Year: | 1.65% |
Let us know what kind of deals you are finding.
cd :O)
Related Posts:
- North American Savings Bank – CD Rates
- AARP Savings Account Rate
- Flushing Savings Bank, FSB – CD Rates
- AIG Federal Savings Bank – CD Rates
- World Savings Bank CD Rates
-- By +Chris Duncan
