Bank of Salem is headquartered in Salem and is the 64th largest bank in the state of Arkansas. It is also the 3,508th largest bank in the nation. It was established in 1908 and as of June of 2019, it had grown to 39 employees at 3 locations. Bank of Salem's CD rates are 3X the national average, and it has an A health rating.
Super Easy Bank To Deal With.....
Called today 5/5/11 to open their 18 month, 1.56% CD, spoke to Vera and unfortunately tomorrow is her last day because she was absolutely one of the nicest people I've ever dealt with at a bank. She took all my info over the phone, I scanned her a copy of my DL, I'm mailing a check to the bank today, the rate is locked in until my check gets there. Couldn't have been easier.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11243 |
| Year Established | 1908 |
| Employees | 39 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.51% |
| Return on Equity - YTD | 12.75% |
| Annual Interest Income | $3.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $139.6MM$137.5MM |
| Loans | Q2 2019vs Q2 2018 | $106.8MM$107.7MM |
| Deposits | Q2 2019vs Q2 2018 | $122.2MM$121.3MM |
| Equity Capital | Q2 2019vs Q2 2018 | $16.9MM$15.8MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $2.2MM$2.3MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $1.3MM$1.7MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $279.00K$289.00K |
Always verify rates and promotions with the bank or credit union. We are not Bank of Salem; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Bank of Salem Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | - | $10k | Christmas Club | |
| 0.35% | $100 | - | Statement Savings | |
| 0.35% | $10 | - | Kid's Club | |
| 0.35% | - | - | Student Savings | |
| 0.10% | - | - | Health Savings Account |
Bank of Salem Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $25k* | - | Money Market Investor | ||
| OTHER TIERS: 0.15% → $2.5k - $25k | |||||
Bank of Salem Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $1k | - | NOW Account |
Bank of Salem CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.27% | $500 | - | 12 Month CD | |
| 2.02% | $500 | - | 24 Month CD | |
| 2.02% | $500 | - | 36 Month CD | |
| 2.02% | $500 | - | 48 Month CD | |
| 2.02% | $500 | - | 18 Month CD | |
| 1.00% | $500 | - | 182 Day CD | |
| 0.75% | $500 | - | 91 Day CD |
Bank of Salem IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.02% | - | - | 18 Month Variable Rate IRA | |
| 2.02% | - | - | 24 Month Fixed Rate IRA | |
| 2.02% | - | - | 36 Month Fixed Rate IRA | |
| 2.02% | - | - | 48 Month Fixed Rate IRA |
| Bank of Salem Locations | ||
|---|---|---|
| Bank Of Salem | 207 Church Street | Salem, AR 72576 |
| Mammoth Spring Bank Branch | 465 W Main Street | Mammoth Spring, AR 72554 |
| Viola Branch | 9338 Hwy 62 West | Viola, AR 72583 |