1. Banks
  2. Salem Co-operative Bank

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 9th largest bank in the state of New Hampshire. It is also the 1,579th largest bank in the nation. It was established in 1922 and as of December of 2019, it had grown to 56 employees at 2 locations. Salem Co-operative Bank's savings rates are 92% higher than the national average, and it boasts an A+ health rating.

Related Posts

View all posts from:


Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
A+

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #27824
Year Established1922
Employees56
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.19%
Return on Equity - YTD1.3%
Annual Interest Income$16.9MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$453.8MM$439.1MM
LoansQ4 2019vs Q4 2018$358.0MM$346.4MM
DepositsQ4 2019vs Q4 2018$306.3MM$318.3MM
Equity CapitalQ4 2019vs Q4 2018$68.2MM$66.8MM
Loan Loss AllowanceQ4 2019vs Q4 2018$2.9MM$2.8MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.6MM$1.6MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
Skip to rates for:
Report an Issue

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
1.00%*$500k*-Partnership Savings
OTHER TIERS: 0.20% → Up to $10k | 0.40% → $10k - $25k | 0.45% → $25k - $50k | 0.50% → $50k - $100k | 0.75% → $100k - $500k
0.10%$1-Statement Savings
0.10%$1-Tiered Passbook Savings
0.10%$100-Club Account

Salem Co-operative Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*$250k*-Business Money Market Account
OTHER TIERS: 0.10% → Up to $10k | 0.15% → $10k - $25k | 0.30% → $25k - $50k | 0.40% → $50k - $100k | 0.65% → $100k - $250k

Salem Co-operative Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-48 Month CD
1.25%$500-60 Month CD
1.00%$500-30 Month CD
1.00%$500-36 Month CD
1.00%$500-15 Month CD Special
0.75%$500-18 Month CD
0.75%$500-24 Month CD
0.50%$500-12 Month CD
0.35%$500-6 Month CD

Salem Co-operative Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-48 Month IRA
1.25%$500-60 Month IRA
1.00%$500-30 Month IRA
1.00%$500-36 Month IRA
1.00%$500-15 Month IRA Special
0.75%$500-18 Month IRA
0.75%$500-24 Month IRA
0.50%$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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.