Salem Co-operative Bank

Overview / Commentary
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 1,580th largest bank in the nation. It was established in 1922 and as of March of 2020, it had grown to 58 employees at 2 locations. Salem Co-operative Bank's savings rates are 44% higher than the national average, and it boasts an A+ health rating.


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Health Grade Components

FDIC Certificate #27824
Year Established1922
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.32%
Return on Equity - YTD2.15%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$458.3MM$448.6MM
LoansQ1 2020vs Q1 2019$356.7MM$353.1MM
DepositsQ1 2020vs Q1 2019$300.0MM$310.9MM
Equity CapitalQ1 2020vs Q1 2019$69.4MM$67.1MM
Loan Loss AllowanceQ1 2020vs Q1 2019$3.0MM$2.9MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$1.4MM$1.6MM
Real Estate OwnedQ1 2020vs Q1 2019$0$0
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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

0.75%*$500k*-Partnership Savings
OTHER TIERS: 0.20% Up to $10k | 0.30% $10k - $25k | 0.35% $25k - $50k | 0.45% $50k - $100k | 0.60% $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

0.60%*$100k*-Business Money Market Account
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k

Salem Co-operative Bank Checking Account Rates

0.75%$100-IOLTA Account
0.45%*$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

0.90%$500-60 Month CD
0.90%$500-15 Month CD Special
0.85%$500-48 Month CD
0.75%$500-36 Month CD
0.70%$500-30 Month CD
0.60%$500-18 Month CD
0.60%$500-24 Month CD
0.50%$500-12 Month CD
0.30%$500-6 Month CD

Salem Co-operative Bank IRA Rates

0.90%$500-60 Month IRA
0.90%$500-15 Month IRA Special
0.85%$500-48 Month IRA
0.75%$500-18 Month IRA
0.75%$500-24 Month IRA
0.75%$500-36 Month IRA
0.70%$500-30 Month IRA
0.50%$500-12 Month IRA

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

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