Featured Savings Rates
Featured Accounts

Salem Co-operative Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.25%5-year CD60 Month CD
1.00%1-year CD12 Month CD
0.10%SavingsTiered Passbook Savings

Overview / Commentary
603-898-2153
3 South Broadway
Salem, NH 03079

Salem Co-operative Bank is headquartered in Salem and is the 11th largest bank in the state of New Hampshire. It is also the 1,662nd largest bank in the nation. It was established in 1922 and as of September of 2017, it had grown to 59 employees at 2 locations. Salem Co-operative Bank's savings rates are 44% higher than the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #27824
Year Established1922
Employees59
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.42%
Return on Equity - YTD2.65%
Annual Interest Income$11.0MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$421.6MM$408.3MM
LoansQ3 2017vs Q3 2016$321.6MM$296.8MM
DepositsQ3 2017vs Q3 2016$276.7MM$271.9MM
Equity CapitalQ3 2017vs Q3 2016$66.6MM$64.8MM
Loan Loss AllowanceQ3 2017vs Q3 2016$2.6MM$2.4MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$1.9MM$1.5MM
Real Estate OwnedQ3 2017vs Q3 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

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

Salem Co-operative Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$500-60 Month CD
2.25%$500-21 Month CD Special
2.00%$500-36 Month CD
2.00%$500-48 Month CD
1.85%$500-30 Month CD
1.75%$500-24 Month CD
1.75%$500-15 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
2.25%$500-60 Month IRA
2.25%$500-21 Month IRA Special
2.00%$500-36 Month IRA
2.00%$500-48 Month IRA
1.85%$500-30 Month IRA
1.75%$500-24 Month IRA
1.75%$500-15 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