February 11th, 2011
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.
|Star Rating:||4 (****)|
|Address:||71 Washington St.|
Salem, MA 01970
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
Let us know what kind of deals you are finding.
-- By +Chris Duncan