What are the current interest rates at Salem Five Direct?

Current rates for Salem Five Direct include: 12-Month CD: 4.00%, 18-Month CD: 4.36%, Savings: 3.66%

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Salem Five Direct

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Salem Five Direct Rates & Review October 2026

Q: How many branches does Salem Five Direct operate?

Salem Five Direct currently maintains approximately 34 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Salem Five Direct does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Salem Five Direct provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: October 7, 2026

Salem Five Direct's top rates as of October 7, 2026 are 4.36% APY on its 18-Month CD, 3.66% APY on savings, and 0.01% APY on checking, according to rates verified by MonitorBankRates. Other Salem Five Direct CD rates include 15-month CD at 4.25%, 12-month CD at 4.00%, and 7-month CD at 4.00%. MonitorBankRates evaluates the financial stability of Salem Five Direct with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 3.29%. Rates last updated and verified on 10/07/2026.

Salem Five Direct money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Salem Five Direct? Share your experience about Salem Five Direct by leaving a review below, or read customer reviews before you decide to use Salem Five Direct.

Verified Healthy Q2 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 98/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

3.29%

Excellent Lower than avg

Health Trend

Very strong 12 quarters

Full history ›

Salem Five Direct

71 Washington St
Salem, MA 01970

https://www.salemfivedirect.com

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Financial health data as of Q2 2026 (FDIC call report for the quarter ended June 30, 2026). This is the most recent call report available. The FDIC publishes bank call reports about eight weeks after each quarter ends.

Salem Five Direct CD Rates

Product	Rate	APY	Term
18-Month CD	-	4.36%	18-Month
Min Deposit $10,000 Min Balance $10,000 Details Maximum deposit amount is $500,000 for Special CDs. Personal accounts only. Last Updated 10/07/2026 Rate History No change since Oct 7, 2026 · 4.36% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.29%
15-month CD	-	4.25%	15-month
Min Deposit $10,000 Min Balance $10,000 Details Maximum deposit amount is $500,000 for Special CDs. Personal accounts only. Last Updated 10/07/2026 Rate History No change since Oct 7, 2026 · 4.25% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.29%
12-month CD	-	4.00%	12-month
Min Deposit $10,000 Min Balance $10,000 Details Maximum deposit amount is $500,000 for Special CDs. Personal accounts only. Last Updated 10/07/2026 Rate History No change since Oct 7, 2026 · 4.00% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.29%
7-month CD	-	4.00%	7-month
Min Deposit $10,000 Min Balance $10,000 Details Maximum deposit amount is $500,000 for Special CDs. Personal accounts only. Last Updated 10/07/2026 Rate History No change since Oct 7, 2026 · 4.00% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.29%

Salem Five Direct Savings Rates

Product	Rate	APY	View More
eOne Savings	3.60%	3.66%
Min Deposit $10 Min Balance $0 Details eOne Savings earns 3.66% 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. The rate may change after the account is opened. 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. This offer is not available at Salem Five branch locations. Consumer accounts only. Last Updated 10/07/2026 Rate History 1 change since Sep 27, 2026 · 3.51% → 3.66% ▲ 0.15 pts · high 3.66% / low 3.51% Oct 2, 20263.66%▲ from 3.51% Sep 27, 20263.51%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.29%

Salem Five Direct Checking Rates

Product	Rate	APY	View More
eOne Checking	0.01%	0.01%
Min Deposit $10 Min Balance $0 Details eOne Checking earns 0.01% APY (Annual Percentage Yield) on daily balances of $0.01 - $1,000,000. 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. Last Updated 10/07/2026 Rate History No change since Sep 27, 2026 · 0.01% APY · checked 4 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.29%

Salem Five Direct Other Rates

Product	Rate	Points	APY/APR
eOne Checking	-	-	0.01%
Min Deposit $10 Min Balance $0 Details On every dollar for balances up to $1,000,000; 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.; This offer is not available at Salem Five branch locations. Consumer accounts only. Last Updated 10/07/2026 Rate History No change since Sep 27, 2026 · 0.01% APY · checked 4 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.29%
eOne Savings	-	-	3.66%
Min Deposit $10 Min Balance $0 Details On every dollar for balances up to $1,000,000; eOne Savings earns 3.66% 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. The stated APY applies to new eOne accounts opened as of today's date. Fees may reduce earnings. Last Updated 10/07/2026 Rate History 1 change since Sep 27, 2026 · 3.51% → 3.66% ▲ 0.15 pts · high 3.66% / low 3.51% Oct 2, 20263.66%▲ from 3.51% Sep 27, 20263.51%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.29%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

Salem Five Direct’s Texas Ratio stayed near 2.99% in Q3 2023 to 3.29% in Q2 2026, so its financial health has stayed very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier — this bank’s entire history sits far below the 15% threshold for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$8.8B	3.29%	5.0	A+
March 31, 2026	$8.6B	3.54%	5.0	A+
December 31, 2025	$8.5B	3.53%	5.0	A+
September 30, 2025	$8.4B	3.61%	5.0	A+
June 30, 2025	$8.3B	3.10%	5.0	A+
March 31, 2025	$8.0B	3.59%	5.0	A+
December 31, 2024	$7.8B	2.29%	5.0	A+
September 30, 2024	$7.7B	2.41%	5.0	A+
June 30, 2024	$7.5B	2.44%	5.0	A+
March 31, 2024	$7.3B	2.68%	5.0	A+
December 31, 2023	$7.3B	3.04%	5.0	A+
September 30, 2023	$7.1B	2.99%	5.0	A+

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Salem Five Direct is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Salem Five Direct rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Salem Five Direct's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Salem Five Direct

Bank Holding Company SALEM FIVE BCORP

Address 71 Washington St, Salem, MA 01970 · Essex

Website https://www.salemfivedirect.com

FDIC Certificate # 23296

Established 18550309

FDIC Insurance Date 19810102

Domestic Offices 34

Total Branches 34

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 98/100

5.0

Exceptional Out of 5.0 Stars

3.29%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 0.9597%

Return on Equity (ROE) 8.4100%

Non-Performing Loans (NPL) 0.28%

Total Assets $8,820,482,000

Total Deposits $6,044,966,000

Equity Capital $1,011,337,000

Net Income $41,472,000

Headquarters Salem

Total Branches and Offices 34

Source: FDIC | Last Updated 06/30/2026

Q2 2026 MBR Health & Safety Badge

Salem Five Direct earned the Verified Healthy badge

Display this badge on your website to show visitors your Q2 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates, so there is no need to download or upload anything. Badges are re-tested every quarter; when a new quarter is published, come back to this page for the updated code.

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Frequently Asked Questions About Salem Five Direct

How many branches does Salem Five Direct operate?

Salem Five Direct currently maintains approximately 34 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Salem Five Direct does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Salem Five Direct provides members with tools to manage their accounts and build a solid financial history.

Does Salem Five Direct offer online and mobile banking?

Most modern institutions like Salem Five Direct provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.salemfivedirect.com.