Salem Five Bank Checking, Savings, CD Promotions

Get the latest Salem Five Bank promotions, bonuses, and offers for their Checking, Savings, CD accounts here. Salem Bank consistently has one of the best rates for their Savings accounts, with their CD accounts also being very competitive.

Salem Five has their traditional brick-and-mortar banking network referred to as Salem Five Bank, and they also have their online-only division called Salem Five Direct.

Salem Five Bank was established in 1855 and is headquartered in Salem, Massachusetts. They have grown to around 30 locations in the state.

Salem Five Direct, the online division, was created to provide the most competitive interest rates in the market. Their online products include Checking, Savings and CD accounts that you won’t find through the traditional brick-and-mortar Salem Five Savings Bank network. Rates are competitive and I compare them with the best national offers here: Savings rates | CD rates.

Both their traditional and online divisions tend to have sign-up bonuses, so I’ll review those below.

*You can find the best bank account promotions updated here.

Salem Five Direct eOne Savings Account Earns 2.05% APY

Salem Five Direct currently offers one of the best Savings Account rates with their online eOne Savings account.

• Current rate: 2.05% APY (on daily balances of $0.01-$1,000,000)
• Minimum opening balance is $100
• No minimum balance to maintain
• No monthly fees to worry about
• FDIC and DIF insurance to protect your entire balance
• External transfers to move money in and out of the account easily

Use our Savings Account Rates guide to find the best rates. Popular Savings accounts include the HSBC Direct Savings (great rate from a big bank) and CIT Bank Savings accounts. Be sure to check out these Savings Account bonuses also, including a popular offer from Chase Bank. See more options below.

• MySavingsDirect Hield Yield Savings And CD Account Promotions
• BBVA Compass Bank Promotions: $150 To $250 Checking/Savings Bonuses
• CIT Bank Promotions: Online Savings Builder Account Offers 2.15% APY
• Chase Coupon Promo Codes: $200, $300, $350, $500 – November 2018
• Simple Bank Review: Unlimited $20 Bonuses & Top Savings Rate Offer
• Online HSBC Direct Savings Rate Offer: 2.01% APY (Available Nationwide)
• Citizens Access Online Savings And CD Accounts Offers, Promotions
• PurePoint Financial Online Savings & CD Accounts Promotions, Bonuses
• CIBC U.S. Bank Offer: $200 Checking Bonus [IL, MI, MO, WI Residents]

Featured Promotions
HSBC Premier Checking	HSBC Advance Checking	HSBC Direct Savings
$750 Bonus. Member FDIC	$350 Bonus. Member FDIC	2.01% APY
Learn More Review	Learn More Review	Learn More Review
CIT Bank Savings Builder	TD Bank Checking	BBVA Compass Checking
2.15% APY	$150/$300 Bonus	$250 Bonus
Learn More Review	Learn More Review	Learn More Review

Featured Promotions
Simple Bank	TD Ameritrade	Chase College Checking℠
$20 Bonus (Unlimited)	$600 Bonus	$100 Bonus
Learn More Review	Learn More Review	Learn More Review
Barclaycard Arrival® Plus	CIT Bank Money Market	Ally Invest
60k Bonus Miles	1.85% APY	$3,500 Bonus
Learn More Review	Learn More Review	Learn More Review

Featured Promotions
Personal Capital	Wealthfront	Fundrise
Free Financial Tools	$5,000 Managed Free	Real Estate Investing
Learn More Review	Learn More Review	Learn More Review

Salem Five Direct CD Account Rate Promotions

Salem Five Direct also offers some of the best online CD rates nationwide, with promotional rates available often.

• CD rate promotional rates occasionally change
• Minimum balance to open and earn the APY is $10,000
• Maximum deposit amount is $500,000
• FDIC and DIF insurance provides customers of Salem Five with full deposit insurance on all of your deposit accounts.

Current CD Special Promotional Rates

Salem Five Direct’s CD Account rates are fairly competitive. Use our CD Rates guide to find all the best rates, as you may prefer a different term length, deposit requirement, etc. BBVA Compass and CIT Bank have several popular CD offers.

• BBVA Compass Bank Promotions: $150 To $250 Checking/Savings Bonuses
• CIT Bank Promotions: Online Savings Builder Account Offers 2.15% APY
• Live Oak Bank Online Savings And CD Offers, Promotions
• Virtual Bank Checking, Money Market, CD Promotions & Offers
• Popular Direct Online Savings And CD Account Promotions, Offers
• Barclays Bank Promotions: Savings And CD Account Offers, Bonuses
• Synchrony Bank Online Savings, CD, Money Market Promotions
• Salem Five Bank Checking, Savings, CD Promotions
• Ally Bank Online Checking, Savings, CD, Investing Promotions
• Crestmark Bank Online CD Account Promotions Available Nationwide

Salem Five Direct $100 Checking Bonus

*Looks like these Referlive.com bonus offers are no longer available. I’ll update this if things change. You may want to check the link below just in case.

$100 bonus from Salem Five

This $100 offer from Salem Five includes account options from their online division, so this one is available to everyone nationwide.

• $100 Checking bonus offer has no set expiration date.
• Offer is available nationwide depending on the account type. Eligible accounts include Star Checking (local), Gold Star Checking (local), and eOne Checking (online) with eOne Savings (online).
• Direct deposit is an optional requirement for the offer.
• Application will trigger a Hard Pull, which DOES affect your credit.

How To Get The $100 Bonus

• Go to the offer page and register your information prior to opening a new account. Enter the promo code “SUM” on the registration page (*thanks to reader Keith J for this info).
• If you’re opening the online accounts (eOne Checking/Savings), then go to salemfivedirect.com to do so. For the local accounts for Massachusetts residents, go to salemfive.com.
• Open a new Checking account with Salem Five bank.
• You must complete ONE of the following within 60 days of accounts opening:
  • Complete two (2) direct deposits OVER $250 each, OR
  • Make six (6) online bill pays OVER $25 each**, OR
  • Complete twenty (20) debit card transactions OVER $5 each
• Allow up to 4-6 weeks after completing all requirements of the offer for delivery of your Reward Card.
• Tips:
  • *All fields of the registration form must be completed prior to opening your new Salem Five checking account in order to receive your Reward Card.
  • This offer is not available if you already have a Salem Five checking account.
  • Eligible accounts include: Star Checking, Gold Star Checking, eOne Checking with eOne Savings.
  • *A direct deposit is an electronic credit such as payroll, annuities, government benefit deposits, bonuses, travel reimbursements, or other types of deposit payments from a company into a checking or savings account of an employee, retiree, taxpayer or shareholder.
  • Multiple bill pays to the same payee or to an individual are ineligible.
  • The minimum balance to open a personal Star or Gold Star Checking account is $10 in person, $100 by mail or online. eOne account can only be opened online with a minimum balance of $100.
  • **Salem Five does not charge you for non-Salem Five ATM use. In addition, Salem Five reimburses ATM surcharges up to $15 per statement cycle. Gold Star Checking has unlimited ATM reimbursement; Star and eOne Checking are reimbursed up to $15 per statement cycle. Cash back rewards and ATM reimbursements will post as credits at the end of same statement cycle.