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Salem Co-operative Bank


Overview / Commentary
www.salemcoop.com
603-893-3333
3 South Broadway
Salem, NH 03079-0067

Salem Co-operative Bank is headquartered in SALEM and is the 13th largest bank in the state of New Hampshire. It is also the 1,697th largest bank in the nation. It was established in 1922 and as of December of 2023, it had grown to 62 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 Q4 2023

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Health Grade Components

Overall
FDIC Certificate #27824
Year Established1922
Employees62
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.19%
Return on Equity - YTD-1.48%
Annual Interest Income$18.9MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$540.9MM$487.2MM
LoansQ4 2023vs Q4 2022$450.4MM$400.5MM
DepositsQ4 2023vs Q4 2022$387MM$385.9MM
Equity CapitalQ4 2023vs Q4 2022$65.2MM$66.1MM
Loan Loss AllowanceQ4 2023vs Q4 2022$3MM$3.1MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$1.2MM$881K
Real Estate OwnedQ4 2023vs Q4 2022$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
1.50%*$500k*-Partnership Savings
OTHER TIERS: 0.10% → Up to $10k | 0.15% → $10k - $25k | 0.50% → $25k - $50k | 0.60% → $50k - $100k | 1.10% → $100k - $250k | 1.20% → $250k - $500k
0.10%$1-Statement Savings
0.10%$1-Business Statement Savings
0.05%$1-Tiered Passbook Savings
0.05%$100-Club Account

Salem Co-operative Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$250k*-Business Money Market Account
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $25k | 0.15% → $25k - $50k | 0.60% → $50k - $100k | 0.90% → $100k - $250k

Salem Co-operative Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Partnership Checking
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $50k | 0.15% → $50k - $100k
0.10%$25-Communities' Best Checking
0.05%$1-Senior Advantage Checking
0.05%$500-Interest Checking
0.05%--Business Interest Checking

Salem Co-operative Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.12%--7 Month CD
5.12%--Business 7 Month CD
5.00%--11 Month CD
5.00%--Business 11 Month CD
4.50%--17 Month CD
4.50%--Business 17 Month CD
2.53%--18 Month CD
2.53%--24 Month CD
2.53%--30 Month CD
2.53%--36 Month CD
2.53%--48 Month CD
2.53%--60 Month CD
2.53%--Business 18 Month CD
2.53%--Business 24 Month CD
2.53%--Business 30 Month CD
2.53%--Business 36 Month CD
2.53%--Business 48 Month CD
2.53%--Business 60 Month CD
2.02%--6 Month CD
2.02%--12 Month CD
2.02%--Business 6 Month CD
2.02%--Business 12 Month CD

Salem Co-operative Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.12%--7 Month IRA
5.00%--11 Month IRA
4.50%--17 Month IRA
2.53%--18 Month IRA
2.53%--24 Month IRA
2.53%--30 Month IRA
2.53%--36 Month IRA
2.53%--48 Month IRA
2.53%--60 Month IRA
2.02%--12 Month IRA
Locations


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

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