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Earn a competitive rate with Salem Five Direct's online savings account

By Elaine Griffin

Earn a competitive rate with Salem Five Direct's online savings account

The Salem Five Direct online savings account offers an annual percentage yield (APY) of 1.00 percent. This APY is current as of June 1, 2011, and on balances up to $100,000.

The eOne savings account requires no minimum fee and no minimum monthly balance to earn the APY. This account is available new savings customers only. Funds may not be on deposit with Salem Five and must be transferred from another bank.

Salem Five Cents Savings Bank, was established in 1885 and has been a member of the FDIC since January 1981. They are headquartered in Massachusetts. Salem Five Cents Savings Bank's online division, Salem Five Direct, offers the eOne checking and eOne savings accounts to customers nationwide.


Bank requirements:

  • Open account online with at least $100
  • Open to new savings customers - funds may not be on deposit with any Salem Five bank
  • For more details, contact Salem Five Direct

Account benefits:

  • Free account with no minimum monthly balance

1.00 percent APY on balances up to $100,000

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Reasonable efforts are made to maintain accurate information. See the Discover online credit card application for full terms and conditions on offers and rewards.

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