Bank · FDIC insured
Salem Five Bank Savings Rates
Top CarrotSalem Five Bank’s best savings rate is 3.30% APY on $10,000, with its Gold Star Money Market Special Offer. Rates checked October 15, 2026.
How Salem Five Bank’s savings rates compare
Compared with banks and credit unions near Boston, MA-NH, where Salem Five Bank has the most branches. $10,000, best rate first.
This bank’s best
Salem Five Bank
3.30%APY
- Requires
- None
- Minimum
- $10
- Earns on $10,000 a year
- $330
Gold Star Money Market Special Offer
Top rate
Leader Bank
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $10
- Earns on $10,000 a year
- $500
2nd-highest rate
Albright Credit Union
5.00%APY
- Requires
- Monthly account activity
- Minimum
- —
- Earns on $10,000 a year
- $500
Salem Five Bank savings score
86
Savings score
Higher than 72% of U.S. banks and credit unions
- $1,000 balance$1,0001.00%
- $10,000 balance$10,0001.00%
- $100,000 balance$100,0002.40%
- QualifiedQualified1.00%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Salem Five Bank ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Gold Star Money Market Special Offer
3.30%APY
Special offer available for funds not currently on deposit at Salem Five. Maximum deposit amount is $1,000,000 per account and one account per customer. Only residents of the following communities qualify: Amesbury, Ipswich, Newbury, Newburyport, Salisbury, Georgetown, and Rowley. Variable rates.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $5,000 | 3.30% | — |
| $5,000 – $10,000 | 3.30% | — |
| $10,000 – $25,000 | 3.30% | $330 |
| $25,000 – $50,000 | 3.30% | — |
| $50,000 – $75,000 | 3.30% | — |
| $75,000 – $100,000 | 3.30% | — |
| $100,000 – $250,000 | 3.30% | — |
| $250,000 – $500,000 | 3.30% | — |
| $500,000 and up | 3.30% | — |
Sources (1)
- salemfive.com/personal/account…rket-account-disclosure2 · captured Oct 5, 2026
Classic Five Money Market
0.50%APY
Monthly maintenance fee waived for the first month for new account openings, or if balance is at least $500, or if enrolled in Debit Card Round Up Program with at least one Debit Card Round Up credit post per monthly cycle. Offer available for funds not currently on deposit. Maximum deposit limit $1,000,000 per account and one account per customer. Personal accounts only. Variable rates.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $5,000 | 0.10% | — |
| $5,000 – $10,000 | 0.10% | — |
| $10,000 – $25,000 | 0.50% | $50 |
| $25,000 – $50,000 | 1.00% | — |
| $50,000 – $75,000 | 2.40% | — |
| $75,000 – $100,000 | 2.40% | — |
| $100,000 and up | 2.40% | — |
Gold Star Money Market
0.10%APY
Must be opened with funds not currently on deposit with Salem Five Bank. Maximum deposit amount allowed to open is $1,000,000, and deposits will not be accepted once balance reaches $1,000,000 (interest continues to accrue). One account per customer. Personal accounts only. Zero monthly fees. Variable rates.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $5,000 | 0.10% | — |
| $5,000 – $10,000 | 0.10% | — |
| $10,000 – $25,000 | 0.10% | $10 |
| $25,000 – $50,000 | 0.10% | — |
| $50,000 – $75,000 | 2.40% | — |
| $75,000 – $100,000 | 2.40% | — |
| $100,000 – $250,000 | 2.40% | — |
| $250,000 – $500,000 | 2.40% | — |
| $500,000 and up | 2.40% | — |
Classic Five Savings
1.00%APY
Personal accounts only. Monthly maintenance fee is waived if balance stays at or above $500 each day of the monthly cycle, if the account owner is under age 26, if enrolled in Debit Card Round Up with at least one qualifying credit posted during the cycle, or for the first month for new account openings.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $10 and upMinimum balance of $10 to open and obtain APY. Variable interest rate compounded monthly, credited monthly, and calculated using the daily balance method. Rate may change after account opening.$10 and up | 1.00% | $100 | Minimum balance of $10 to open and obtain APY. Variable interest rate compounded monthly, credited monthly, and calculated using the daily balance method. Rate may change after account opening. |
Advantage Money Market
0.05%APY
Variable tiered rates based on deposit amounts. Maintain the minimum balance and pay no monthly fee. Personal accounts only.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $5,000 | 0.01% | — |
| $5,000 – $10,000 | 0.01% | — |
| $10,000 – $25,000 | 0.05% | $5 |
| $25,000 – $50,000 | 0.05% | — |
| $50,000 – $75,000 | 0.05% | — |
| $75,000 – $100,000 | 0.05% | — |
| $100,000 and up | 0.10% | — |
Sources (2)
All captured Oct 5, 2026
Special-purpose accounts
Club Five Money Market
1.50%APY
Requires an open and funded Club Five Checking account as a condition of eligibility. If closed or converted, account converts to Classic Five Checking. Monthly maintenance fee waived for the first month for new account openings, or if combined qualifying relationship balances across personal checking, savings, money market, CD, IRA deposit accounts, and consumer loans (excluding closed-end mortgages) are $25,000 or more on the statement date. Offer available for funds not currently on deposit. Maximum deposit limit $1,000,000 per account and one account per customer. Personal accounts only. Variable rates.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $10,000 | 0.05% | — |
| $10,000 – $50,000 | 1.50% | $150 |
| $50,000 – $75,000 | 2.50% | — |
| $75,000 – $100,000 | 2.50% | — |
| $100,000 – $250,000 | 4.00% | — |
| $250,000 – $500,000 | 4.00% | — |
| $500,000 and up | 4.00% | — |
Sources (6)
- salemfive.com/personal/accounts
- salemfive.com/personal/account…ounts/club-five-checking
- salemfive.com/personal/accounts/club-five-money-market
- salemfive.com/personal/accounts/current-rates
- salemfive.com/personal/account…arket-account-disclosure
- salemfive.com/personal/account…ngs-money-market-account
All captured Oct 5, 2026
Retirement Money Market
2.40%APY
Must be opened with funds not currently on deposit with Salem Five Bank. IRA plan terms apply. Variable rates.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $5,000 | 0.10% | — |
| $5,000 – $10,000 | 0.10% | — |
| $10,000 – $25,000 | 2.40% | $240 |
| $25,000 – $50,000 | 2.40% | — |
| $50,000 – $75,000 | 2.40% | — |
| $75,000 – $100,000 | 2.40% | — |
| $100,000 – $250,000 | 2.40% | — |
| $250,000 – $500,000 | 2.40% | — |
| $500,000 and up | 2.40% | — |
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.