Salem Co-operative Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
3.04%	5-year CD	3.00% - American Express National Bank 60 Month CD
1.00%	1-year CD	2.55% - Goldman Sachs Bank USA High-yield 12 Month CD
0.10%	Savings	1.90% - American Express National Bank High Yield Savings Account

View all Salem Co-operative Bank rates »

Overview / Commentary

www.salemcoop.com

603-898-2153

3 South Broadway
Salem, NH 03079

Salem Co-operative Bank is headquartered in Salem and is the 10^th largest bank in the state of New Hampshire. It is also the 1,603^rd largest bank in the nation. It was established in 1922 and as of June of 2018, it had grown to 57 employees at 2 locations. Salem Co-operative Bank's savings rates are 3X the national average, and it has an A health rating.

Overall
FDIC Certificate #	27824
Year Established	1922
Employees	57
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.33%
Return on Equity - YTD	2.15%
Annual Interest Income	$7.7MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$435.5MM$422.7MM
Loans	Q2 2018vs Q2 2017	$337.2MM$319.4MM
Deposits	Q2 2018vs Q2 2017	$292.4MM$277.2MM
Equity Capital	Q2 2018vs Q2 2017	$66.1MM$66.2MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$2.7MM$2.6MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$2.0MM$1.9MM
Real Estate Owned	Q2 2018vs Q2 2017	$0$0

Rates

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Money Market
Checking
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* 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

APY	MIN	MAX	ACCOUNT NAME
1.35%^*	$500k^*	-	Partnership Savings
OTHER TIERS: 0.20% → Up to $10k \| 0.40% → $10k - $25k \| 0.45% → $25k - $50k \| 0.50% → $50k - $100k \| 1.00% → $100k - $250k \| 1.25% → $250k - $500k
0.10%	$1	-	Statement Savings
0.10%	$1	-	Tiered Passbook Savings
0.10%	$100	-	Club Account

Salem Co-operative Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.00%^*	$250k^*	-	Business Money Market Account
OTHER TIERS: 0.10% → Up to $10k \| 0.15% → $10k - $25k \| 0.30% → $25k - $50k \| 0.40% → $50k - $100k \| 0.75% → $100k - $250k

Salem Co-operative Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.25%	$100	-	IOLTA Account
0.55%^*	$100k^*	-	Partnership Checking
OTHER TIERS: 0.10% → Up to $10k \| 0.15% → $10k - $25k \| 0.20% → $25k - $50k \| 0.35% → $50k - $100k
0.10%	$1	-	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

APY	MIN	MAX	ACCOUNT NAME
3.04%	$500	-	36 Month CD
3.04%	$500	-	48 Month CD
3.04%	$500	-	60 Month CD
2.75%	$500	-	21 Month CD Special
2.27%	$500	-	15 Month CD Special
1.85%	$500	-	30 Month CD
1.75%	$500	-	24 Month CD
1.25%	$500	-	18 Month CD
1.00%	$500	-	12 Month CD
0.50%	$500	-	6 Month CD

Salem Co-operative Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.04%	$500	-	36 Month IRA
3.04%	$500	-	48 Month IRA
3.04%	$500	-	60 Month IRA
2.75%	$500	-	21 Month IRA Special
2.27%	$500	-	15 Month IRA Special
1.85%	$500	-	30 Month IRA
1.75%	$500	-	24 Month IRA
1.25%	$500	-	18 Month IRA
1.00%	$500	-	12 Month IRA

Locations

Salem Co-operative Bank Locations
284 Merrimack Street	284 Merrimack Street	Methuen, MA 01844
Salem Co-Operative Bank	3 South Broadway	Salem, NH 03079

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