Salem Five Cents Savings Bank – CD Rates

February 11th, 2011

salem five cents cd rates logo

Updated 3/25/2020

Salem Five Cents Savings Bank appears to be quite a healthy bank. Bauer Financial gives them 5-stars (Superior). Depositaccounts.com gives them an “A” rating for financial health. They certainly have competitive CD Rates.

FDIC#23296
Stats Updated:9/19
Star Rating:5 (*****)
Assets:$5.2BB
Equity:$553.5MM
Capital Ratio:14.47%
Profits(loss):$48.5MM
 
Phone#:(800)850-5000
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

36-Months:0.75%
18-Months:0.50%
Compare these rates to our CD Rates Comparison page that is updated weekly.

Let us know what kind of deals you are finding.
cd :O)

-- By Chris Duncan

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