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 1,554th largest bank in the nation. It was established in 1922 and as of June of 2019, it had grown to 56 employees at 2 locations. Salem Co-operative Bank's savings rates are 3X the national average, and it has an A health rating.

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Health
A

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #27824
Year Established1922
Employees56
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.04%
Return on Equity - YTD0.29%
Annual Interest Income$8.4MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$456.3MM$435.5MM
LoansQ2 2019vs Q2 2018$357.2MM$337.2MM
DepositsQ2 2019vs Q2 2018$324.7MM$292.4MM
Equity CapitalQ2 2019vs Q2 2018$67.7MM$66.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$2.9MM$2.7MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$2.4MM$2.0MM
Real Estate OwnedQ2 2019vs Q2 2018$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
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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.39%$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
2.00%$500-36 Month CD
2.00%$500-48 Month CD
2.00%$500-60 Month CD
1.85%$500-30 Month CD
1.75%$500-24 Month CD
1.75%$500-9 Month CD Special
1.25%$500-18 Month CD
1.00%$500-12 Month CD
0.50%$500-6 Month CD

Salem Co-operative Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-36 Month IRA
2.00%$500-48 Month IRA
2.00%$500-60 Month IRA
1.85%$500-30 Month IRA
1.75%$500-24 Month IRA
1.75%$500-9 Month IRA Special
1.25%$500-18 Month IRA
1.00%$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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