¹ High Yield Savings eligibility is limited to consumers who apply online and who do not have an existing checking or savings account with Salem Five Bank at the time of the application. Consumers with an existing eOne Checking Account are eligible for the eOne Savings Account.

High Yield Savings earns 4.50% APY¹ (Annual Percentage Yield) on daily balances of $0.01-$1,000,000 and must be opened with funds not previously on deposit with Salem Five or Salem Five Direct. Salem Five reserves the right to transfer balances over $1,000,000 to a Statement Savings Account which currently earns an APY of .01%. High Yield Savings may be used to provide overdraft protection for Checking. You must deposit at least $10 to open this account. The stated APY¹ applies to new eOne accounts opened as of today's date. Fees may reduce earnings.

² High Yield CDs - minimum balance to open a Special CD and obtain the Annual Percentage Yield (APY) is $10,000. Substantial penalty for early withdrawal. APY is current as of 9/24/2024 and subject to change. Maximum deposit amount is $500,000. Fees may reduce earnings. Personal accounts only.

³ Checking eligibility is limited to consumers who apply online and who do not have an existing checking account with Salem Five Bank at the time of the application. Account must be opened with funds not currently on deposit with Salem Five Bank.

The Checking account earns 0.01% APY (Annual Percentage Yield) on daily balances of $0.01 - $1,000,000. Salem Five reserves the right to transfer balances over $1,000,000 to the eOne Funding Account which currently earns an APY of 0.10%.

⁴ Free ATMs - eligibility with a Checking Account, Salem Five will never charge a fee for ATM transactions conducted at non-Salem Five ATMs, and we will reimburse the fees other banks charge up to $15 per statement cycle.

You must deposit at least $10 to open this account. The rate may change after the account is opened. The stated APY applies to new Checking accounts opened as of today's date.  Fees may reduce earnings. Rewards apply to point-of-sale, non-PIN based debit card transactions (when you choose “credit”) with no minimum purchase amount and no cap to the cash rewards you may earn.  ATM and PIN based transactions do not qualify.  Cash Debit Rewards is at the rate of $0.05 for each debit card purchase (when you choose “credit”).  Rewards accrued are credited to your account on the last day of the statement cycle in which the purchase is posted.  Your account must be open and in good standing on the date the rewards are posted to receive the reward.  We reserve the right to deduct rewards credits if you return merchandise for which you have qualified or received debit rewards.  Any taxes related to debit rewards are the recipient’s sole responsibility.  Program may be terminated at any time at our sole discretion. This offer is not available at Salem Five branch locations. Consumer accounts only.