Salem Five Direct
Salem Five Direct is a mid-sized bank headquartered in Salem, MA. This bank is an internet bank and does not have local branches. Salem Five Direct has deposits of $1.9 billion, and was established in March 1855.
This bank is FDIC insured - all deposits are protected for up to $250,000. Products offered by the bank include: eOneSavings and eOneChecking.
Current Salem Five Direct Rates
| Name | APY | Min Deposit | Max Deposit | |
| eOneSavings | 1.10 % | $1 | $1,000,000 |
About Salem Five Direct
Salem Five Direct is an online division of Salem Five Cents Savings Bank, an innovative bank located in Salem, Massachusetts with over 150 years of banking experience. On the Salem Five Direct website you will find unique bank product offerings developed exclusively for clients seeking to conduct business on the internet. These offers will not be available through the Salem Five branch network and will change from time to time. The Salem Five Direct mission is to offer unprecedented value to our direct banking customers through exclusive product features at highly competitive prices.
All deposits at Salem Five Direct are fully insured through a combination of insurance by the Federal Deposit Insurance Corporation (FDIC) and the Massachusetts Depositors Insurance Fund (DIF).
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