Salem Co-operative Bank

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.25%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
0.80%	1-year CD	12 Month CD 1.40% - Synchrony Bank 12 Month CD
0.10%	Savings	Tiered Passbook Savings 1.20% - Synchrony Bank High Yield Savings

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 1,683^rd largest bank in the nation. It was established in 1922 and as of March of 2017, it had grown to 57 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.

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

Profit Margin
Return on Assets - YTD	0.35%
Return on Equity - YTD	2.26%
Annual Interest Income	$3.6MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$415.2MM$398.7MM
Loans	Q1 2017vs Q1 2016	$311.9MM$282.5MM
Deposits	Q1 2017vs Q1 2016	$278.8MM$268.3MM
Equity Capital	Q1 2017vs Q1 2016	$65.3MM$63.4MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$2.5MM$2.3MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$1.6MM$2.2MM
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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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
0.60%^*	$100k^*	-	Partnership Savings
OTHER TIERS: 0.10% → Up to $10k \| 0.30% → $10k - $25k \| 0.35% → $25k - $50k \| 0.40% → $50k - $100k
0.10%	-	-	Statement Savings
0.10%	-	-	Tiered Passbook Savings
0.10%	$100	-	Club Account

Salem Co-operative Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
2.25%	$500	-	60 Month CD
2.00%	$500	-	48 Month CD
1.60%	$500	-	36 Month CD
1.35%	$500	-	30 Month CD
1.25%	$500	-	24 Month CD
1.25%	$500	-	17 Month CD Special
1.00%	$500	-	18 Month CD
1.00%	$500	-	11 Month CD Special
0.80%	$500	-	12 Month CD
0.50%	$500	-	6 Month CD

Salem Co-operative Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.25%	$500	-	60 Month IRA
2.00%	$500	-	48 Month IRA
1.60%	$500	-	36 Month IRA
1.35%	$500	-	30 Month IRA
1.25%	$500	-	24 Month IRA
1.25%	$500	-	17 Month IRA Special
1.00%	$500	-	18 Month IRA
1.00%	$500	-	11 Month IRA Special
0.80%	$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