The online division of Salem Five Cents Savings Bank, Salem Five Direct offers products for people who like to bank online. All of the Massachusetts-based bank’s deposit accounts carry FDIC insurance and are also insured through the Massachusetts Depositors Insurance Fund.
Salem Five Direct offers various deposit accounts, including its eOne Savings Account, eOne Checking Account, and CDs with a range of rates and terms. The bank’s eOne Combo account gives you additional value by combing the eOne Checking and Savings Accounts. The eOne Checking comes with a fee-free debit card that gives you cash back on all purchases you make that aren’t PIN based, and you can use any ATM anywhere for free and get reimbursed for other banks’ charges.