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Overview / Commentary
603-898-2153
3 South Broadway
Salem, NH 03079

Salem Co-operative Bank is headquartered in Salem and is the 10th largest bank in the state of New Hampshire. It is also the 1,657th largest bank in the nation. It was established in 1922 and as of December of 2017, it had grown to 57 employees at 2 locations. Salem Co-operative Bank's savings rates are 44% higher than the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #27824
Year Established1922
Employees57
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.2%
Return on Equity - YTD1.27%
Annual Interest Income$14.8MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$421.3MM$414.9MM
LoansQ4 2017vs Q4 2016$326.5MM$308.2MM
DepositsQ4 2017vs Q4 2016$270.9MM$273.2MM
Equity CapitalQ4 2017vs Q4 2016$66.0MM$64.8MM
Loan Loss AllowanceQ4 2017vs Q4 2016$2.7MM$2.5MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$2.3MM$1.6MM
Real Estate OwnedQ4 2017vs Q4 2016$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Salem Co-operative Bank; 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.

Salem Co-operative Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$100k*-Partnership Savings
OTHER TIERS: 0.20% Up to $10k | 0.40% $10k - $25k | 0.45% $25k - $50k | 0.50% $50k - $100k
0.10%--Statement Savings
0.10%--Tiered Passbook Savings
0.10%$100-Club Account

Salem Co-operative Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$50k*-Business Money Market Account
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k | 0.30% $25k - $50k

Salem Co-operative Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$100k*-Partnership Checking
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k | 0.20% $25k - $50k | 0.35% $50k - $100k
0.55%$100-IOLTA Account
0.10%--Senior Advantage Checking
0.10%$500-NOW Checking
0.10%--Business Now Account
0.10%$25-Communities' Best Checking

Salem Co-operative Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$500-60 Month CD
2.25%$500-21 Month CD Special
2.00%$500-36 Month CD
2.00%$500-48 Month CD
1.85%$500-30 Month CD
1.75%$500-24 Month CD
1.75%$500-15 Month CD Special
1.25%$500-18 Month CD
1.00%$500-12 Month CD
0.50%$500-6 Month CD

Salem Co-operative Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$500-60 Month IRA
2.25%$500-21 Month IRA Special
2.00%$500-36 Month IRA
2.00%$500-48 Month IRA
1.85%$500-30 Month IRA
1.75%$500-24 Month IRA
1.75%$500-15 Month IRA Special
1.25%$500-18 Month IRA
1.00%$500-12 Month IRA
Locations


Salem Co-operative Bank Locations
284 Merrimack Street284 Merrimack StreetMethuen, MA 01844
Salem Co-Operative Bank3 South BroadwaySalem, NH 03079

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