Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Ivana Pino

Salem Five Direct Review 2022: Offering a competitive savings rate in exchange for a high minimum balance

Illustration of the Salem Five Direct Bank logo surrounded by a blue and orange frame. (Credit: Illustration by Fortune; Original logo by Salem Five Direct)

Salem Five Direct is a subsidiary of Salem Five Bank, based in Salem, Mass., with branches across the Boston area. It began in New England in 1855 as a small savings bank and has grown to provide lending, retail and internet banking, personal and commercial insurance, and wealth and trust management services. Salem Five is a mutually owned bank, meaning that it is not publicly held and has no stockholders.

All rates and fees are current as of Nov. 15, 2022, and are subject to change. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.