Salem, Massachusetts (MA) Savings Rates - March 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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The best savings rates for Salem, Massachusetts and the surrounding area include Institution for SavingsInstitution for Savings6 Paradise Rd, Salem, MA 01970A+5.0 ★Texas Ratio: 0.11% Gold Online Savings (plus interest paid) at 3.50% APY, Rockland TrustRockland Trust55 Main St, Salem, NH 03079A+5.0 ★Texas Ratio: 1.37% Money Market Savings at 0.55% APY, Metro Credit UnionMetro Credit Union4 Paradise Rd, Salem, MA 01970 4230A+5.0 ★Texas Ratio: 1.57% Prosperity Builder Savings Account at 0.50% APY, Marblehead BankMarblehead Bank125 Canal St, Salem, MA 01970A+5.0 ★Texas Ratio: 1.28% Passbook, Passbook Retirement, Statement Savings at 0.10% APY, and North Shore Bank Co-opNorth Shore Bank Co-op319 Highland Ave, Salem, MA 01970A+5.0 ★Texas Ratio: 1.80% Get Real Savings® at 0.05% APY. Savings rates as of March 25, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Salem, Massachusetts, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Salem, Massachusetts (MA) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Salem, Massachusetts and the surrounding area. Last Updated and Verified: March 25, 2026
Compare the Best Savings Rates in Salem, Massachusetts & Surrounding Communities
Balances $100,000 -$500,000
Balances $25,000 and above
Balances $25,000 and above
Qualifying balance up to $5,000.00; Pledge the balance you save toward the [Prosperity Builder Loan](https://www.metrocu.org/personal/personal-loans#prosperity-builder)
$100,000
Balances $50,000 and above
Balances $50,000 and above
Balances less than $25,000
Balances less than $50,000
Balances less than $25,000
Balances less than $50,000
Pledge the balance you save toward the [Prosperity Builder Loan](https://www.metrocu.org/personal/personal-loans#prosperity-builder)
Qualifying balance up to $25,000.00
Qualifying balance up to $25,000.00
SCU Direct account offers a higher dividend rate to members who save systematically with a preauthorized weekly or monthly transfer from a SCU Checking Account. Unlimited withdrawals only when made in person. Online transfer available. Premium tiered variable dividend rate and APY. $10.00 minimum preauthorized transfer amount to open from your SCU Checking Account. $10,000 maximum opening deposit. Subsequent deposits to this account may be made only by means of a preauthorized weekly or monthly transfer from your qualifying checking account. Changing your transfer amount or frequency to this account can be done at any of our branch locations or by calling the contact center at 781-784-7725 or toll free at 877-661-3300
SCU Direct account offers a higher dividend rate to members who save systematically with a preauthorized weekly or monthly transfer from a SCU Checking Account. Unlimited withdrawals only when made in person. Online transfer available. Premium tiered variable dividend rate and APY. $10.00 minimum preauthorized transfer amount to open from your SCU Checking Account. $10,000 maximum opening deposit. Subsequent deposits to this account may be made only by means of a preauthorized weekly or monthly transfer from your qualifying checking account. Changing your transfer amount or frequency to this account can be done at any of our branch locations or by calling the contact center at 781-784-7725 or toll free at 877-661-3300
NEW MONEY ONLY
High Yield Savings5
Available to consumers only. New money is welcome but not required.
Membership account; No monthly service charge
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Salem, MA Savings Rate Trends
Compare local Salem, MA savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Massachusetts high-yield savings rates fell 1.511 points this week to 1.589% APY, down from 3.100% last week.
Massachusetts standard savings rates rose 0.284 points this week to 0.361% APY, up from 0.077% last week.
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Salem, Massachusetts directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Salem, Massachusetts. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in MA.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Salem, Massachusetts
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Salem, Massachusetts safe?
How often do savings rates change in Salem, Massachusetts?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Salem, Massachusetts?
How do I open a savings account in Salem, Massachusetts?
Best Savings Rates in Salem, Massachusetts
- Institution for Savings
Gold Online Savings (plus interest paid) — 3.50% APY - Rockland Trust
Money Market Savings — 0.55% APY - Metro Credit Union
Prosperity Builder Savings Account — 0.50% APY - Marblehead Bank
Passbook, Passbook Retirement, Statement Savings — 0.10% APY - North Shore Bank Co-op
Get Real Savings® — 0.05% APY
