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Salem Five Direct

For information concerning Salem Five Cents Savings Bank parent bank, please click here .

Online Rates - December 24, 2025

Your current location is: New York City, NY

SAVINGS RATES APY MIN
Savings
3.61% $0 Compare
CD RATES APY MIN
6 Mo CD
2.76% $2,500 Compare
6 Mo CD
3.50% $10,000 Compare
9 Mo CD
3.60% $10,000 Compare
12 Mo CD
2.76% $500 Compare
15 Mo CD
3.50% $10,000 Compare
18 Mo CD
2.25% $500 Compare
18 Mo CD
3.50% $10,000 Compare
24 Mo CD
2.25% $500 Compare
24 Mo CD
3.50% $10,000 Compare
36 Mo CD
2.00% $10,000 Compare
INT CHECKING RATES APY MIN
INTCK
0.01% $1,000,000




Money that you deposit is held by Salem Five Cents Savings Bank. Salem Five Cents Savings Bank is an FDIC insured institution founded in 1855. It has approximately $8.29 billion in assets.

Overview 2025

General Information of the Parent Bank

FDIC Insured Yes
Insured Parent Bank Salem Five Cents Savings Bank
FDIC Certificate # 23296
Date Established 1855
Assets $8.29 billion
Loans $6.34 billion
Deposits $5.75 billion
Capital $0.92 billion


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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis."

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only."

  • 1
    ONLINE SAVINGS
    Salem Five Direct
    Online Bank
    -
    $50,000
    N.A.
    3.61%
    16.04x (National Avg. - 0.23%)
    $0
    -
    SCENARIO
    Year Rate
    3.61%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,805 1,264
    2 51,805 1,870 1,309
    3 53,675 1,938 1,356
    4 55,613 2,008 1,405
    5 57,620 2,080 1,456
    6 59,701 2,155 1,509
    7 61,856 2,233 1,563
    8 64,089 2,314 1,620
    9 66,402 2,397 1,678
    10 68,799 2,484 1,739
    11 71,283 2,573 1,801
    12 73,856 2,666 1,866
    13 76,523 2,762 1,934
    14 79,285 2,862 2,004
    15 82,147 2,966 2,076
    16 85,113 3,073 2,151
    17 88,185 3,183 2,228
    18 91,369 3,298 2,309
    19 94,667 3,417 2,392
    20 98,085 3,541 2,479
    TOTAL $51,626 $36,138
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    N.A.
    3.75%
    16.67x (National Avg. - 0.23%)
    $1,000
    -
    SCENARIO
    Year Rate
    3.75%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,875 1,313
    2 51,875 1,945 1,362
    3 53,820 2,018 1,413
    4 55,839 2,094 1,466
    5 57,933 2,172 1,521
    6 60,105 2,254 1,578
    7 62,359 2,338 1,637
    8 64,697 2,426 1,698
    9 67,124 2,517 1,762
    10 69,641 2,612 1,828
    11 72,252 2,709 1,897
    12 74,962 2,811 1,968
    13 77,773 2,916 2,042
    14 80,689 3,026 2,118
    15 83,715 3,139 2,198
    16 86,854 3,257 2,280
    17 90,111 3,379 2,365
    18 93,491 3,506 2,454
    19 96,996 3,637 2,546
    20 100,634 3,774 2,642
    TOTAL $54,408 $38,085


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