Salem Five Direct

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

Online Rates - December 09, 2025

Your current location is: New York City, NY

SAVINGS RATES APY MIN
CD RATES APY MIN
6 Mo CD
3.01% $2,500 Compare
6 Mo CD
3.65% $10,000 Compare
9 Mo CD
3.60% $10,000 Compare
12 Mo CD
3.01% $500 Compare
15 Mo CD
3.50% $10,000 Compare
18 Mo CD
2.50% $500 Compare
18 Mo CD
3.50% $10,000 Compare
24 Mo CD
2.50% $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


Customer Reviews for Salem Five Direct

There are currently no comments for Salem Five Direct. Be the first to share your experience. Please provide comments that will help others.


Add Your Review


Rate it here →



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
    Online Bank
    -
    $50,000
    N.A.
    3.71%
    16.42x (National Avg. - 0.23%)
    $0
    -
    SCENARIO
    Year Rate
    3.71%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,855 1,299
    2 51,855 1,924 1,347
    3 53,779 1,995 1,397
    4 55,774 2,069 1,448
    5 57,843 2,146 1,502
    6 59,989 2,226 1,558
    7 62,215 2,308 1,616
    8 64,523 2,394 1,676
    9 66,917 2,483 1,738
    10 69,399 2,575 1,802
    11 71,974 2,670 1,869
    12 74,644 2,769 1,939
    13 77,414 2,872 2,010
    14 80,286 2,979 2,085
    15 83,264 3,089 2,162
    16 86,353 3,204 2,243
    17 89,557 3,323 2,326
    18 92,880 3,446 2,412
    19 96,326 3,574 2,502
    20 99,899 3,706 2,594
    TOTAL $53,605 $37,524
  • 2
    ONLINE SAVINGS
    Bank
    -
    $50,000
    N.A.
    4.00%
    17.70x (National Avg. - 0.23%)
    $1,000
    -
    SCENARIO
    Year Rate
    4.00%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,000 1,400
    2 52,000 2,080 1,456
    3 54,080 2,163 1,514
    4 56,243 2,250 1,575
    5 58,493 2,340 1,638
    6 60,833 2,433 1,703
    7 63,266 2,531 1,771
    8 65,797 2,632 1,842
    9 68,428 2,737 1,916
    10 71,166 2,847 1,993
    11 74,012 2,960 2,072
    12 76,973 3,079 2,155
    13 80,052 3,202 2,241
    14 83,254 3,330 2,331
    15 86,584 3,463 2,424
    16 90,047 3,602 2,521
    17 93,649 3,746 2,622
    18 97,395 3,896 2,727
    19 101,291 4,052 2,836
    20 105,342 4,214 2,950
    TOTAL $59,556 $41,689