Salem Co-operative Bank

Overview / Commentary
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.

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Health Grade Components

FDIC Certificate #27824
Year Established1922
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
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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

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

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

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

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

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

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

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