Salem Five Bank — Providing full-service financial services including banking, mortgage lending, loans, insurance and investments.

Salem Five Home
Carousel Item Image


WRAP UP THE YEAR
WITH MORE.

4.01%APY 1
9-Month CD or IRA CD Special

Convenient Ways to Renew Your Certificate of Deposit

  1. Online 
    Renew your CD quickly and securely online at maturity or during the grace period. If your CD is outside the renewal window, you can still view account details via Online Banking. The renewal process takes just a few minutes.

    View all CD rates

    Please note: CDs held in the name of a Trust     are not eligible for online renewal.

    Renew your CD Online


  2. In-Branch
    Visit any Salem Five branch to renew your CD in person. Our team is happy to assist you.

  3. By Mail 
    To renew and add funds from an external account, mail the completed form included with your maturity notice — or written request — along with a check to:

    Salem Five Bank
    ATTN: CD RENEW
    210 Essex Street
    Salem, MA  01970

    Important: If we do not receive renewal instructions within 10 days of your CD's maturity date, it will automatically renew to a standard CD with the same term at the current rate.

Limited-Time CD Specials

CD Special

4.01%APY1

9-month CD

Open the 9-month CD

CD Special

3.50%APY1

12-month CD

Open the 12-month CD

1 Annual Percentage Yield (APY) is accurate as of 12/9/2025 and subject to change. A minimum balance of $10,000 is required to open and obtain the annual percentage yield (APY) for our non-IRA CD Special, and for our IRA CD Special, the minimum balance is $2,000. A penalty will be imposed for early withdrawals from Certificates of Deposit (CDs). Maximum deposit amount is $500,000. Fees may reduce earnings. Personal accounts only. One account per customer. The 9-month Special CD is  only good for MA, NH and RI residents only.