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Salem Co-operative Bank


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 13th largest bank in the state of New Hampshire. It is also the 1,718th largest bank in the nation. It was established in 1922 and as of June of 2020, it had grown to 54 employees at 2 locations. Salem Co-operative Bank's savings rates are 15% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q2 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #27824
Year Established1922
Employees54
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD2.34%
Annual Interest Income$8.3MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$463.6MM$456.3MM
LoansQ2 2020vs Q2 2019$364.5MM$357.2MM
DepositsQ2 2020vs Q2 2019$322.4MM$324.7MM
Equity CapitalQ2 2020vs Q2 2019$69.5MM$67.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$3.1MM$2.9MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.3MM$2.4MM
Real Estate OwnedQ2 2020vs Q2 2019$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
0.60%*$500k*-Partnership Savings
OTHER TIERS: 0.15% → Up to $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k | 0.30% → $50k - $100k | 0.50% → $100k - $500k
0.10%$1-Statement Savings
0.05%$1-Tiered Passbook Savings
0.05%$100-Club Account

Salem Co-operative Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Business Money Market Account
OTHER TIERS: 0.10% → Up to $10k | 0.15% → $10k - $25k | 0.25% → $25k - $50k | 0.30% → $50k - $100k

Salem Co-operative Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$100-IOLTA Account
0.35%*$100k*-Partnership Checking
OTHER TIERS: 0.10% → Up to $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k
0.10%$25-Communities' Best Checking
0.05%$1-Senior Advantage Checking
0.05%$500-NOW Checking
0.05%--Business Now Account

Salem Co-operative Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-60 Month CD
0.75%$500-15 Month CD Special
0.70%$500-48 Month CD
0.60%$500-36 Month CD
0.55%$500-30 Month CD
0.50%$500-24 Month CD
0.45%$500-18 Month CD
0.40%$500-12 Month CD
0.25%$500-6 Month CD

Salem Co-operative Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-60 Month IRA
0.75%$500-15 Month IRA Special
0.70%$500-48 Month IRA
0.60%$500-36 Month IRA
0.55%$500-30 Month IRA
0.50%$500-24 Month IRA
0.45%$500-18 Month IRA
0.40%$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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