Salem Five Direct is the online division of Salem Five Bank and has no branch locations. Their headquarters is located at 71 Washington Street – Salem, MA 01970.
This online bank boasts one of the highest CD account rates, and is available to everyone nationwide. Their deposit account options change from time to time, but typically CD accounts are available.
Salem Five Direct Promotions Review Below
Salem Five Direct Savings Account (Nationwide)
- There’s No Monthly Service charge
- The minimum balance to open the account is $100.
- The minimum balance required to earn the APY is only $1
- Accounts are FDIC insured up to the maximum limit
- Available nationwide – online application
- Fund the account from an external bank
- Access your account online 24/7