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Buying a Vacation Home
It is something many families dream of: Owning a small cottage by the lake, a cabin in the mountains, or ...
Club Five Money Market℠
4.00% APY*
Premium Savings, Rewarding Returns
The Club Five Money Market℠ Account offers a premium savings solution for customers who want to maximize their earning potential. With tiered interest rates, larger balances have the opportunity to earn higher rates, helping your savings grow faster.
Enjoy the flexibility of accessible funds combined with the confidence of FDIC-insured protection. Whether you're building reserves, saving for a major purchase, or managing excess cash, the Club Five Money Market℠ Account provides a smart balance of growth, accessibility, and acces to the Club Five Checking℠ premium benefits.
FAQs: Club Five Money Market
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How do I waive the monthly fee?
Maintain $25,000 or more across your Salem Five accounts, excluding any business accounts you may have. -
What are the benefits of this account?
Enjoy premium features like fee waivers and enhanced banking services. -
Does this account earn more interest?
Yes — it offers tiered interest rates that increase with higher balances. -
Are there any requirements to open this account?
Yes — you must have a Club Five Checking to qualify for this account. If you do not have a Club Five Checking account, your account may be changed to Classic Money Market.
Helpful Calculators
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The Benefits of Compounding
Want to see how your savings can grow over time? Our APY Interest Calculator lets you compare how different compounding methods—daily, monthly, quarterly, or annually—affect your annual percentage yield (APY). Just enter your deposit amount, interest rate, and compounding frequency to estimate your earnings.
Fintactix Logo External Link DisclaimerBy clicking the fintactix logo, you will be leaving Salem Five’s website and be taken to a third-party website. That website may have a privacy policy different from Salem Five and may provide less security than this Salem Five site. Salem Five and its affiliates are not responsible for the products, services, security, and content on the third-party website.By clicking the fintactix logo, you will be leaving Salem Five’s website and be taken to a third-party website. That website may have a privacy policy different from Salem Five and may provide less security than this Salem Five site. Salem Five and its affiliates are not responsible for the products, services, security, and content on the third-party website.Learn more about Salem Five's Savings Accounts -
The Impact of Saving More
Discover how increasing your savings can significantly boost your financial future. Our calculator shows the power of saving more regularly. Just enter your current savings information, saving assumptions, and the calculator will estimate how it could grow.
Fintactix Logo External Link DisclaimerBy clicking the fintactix logo, you will be leaving Salem Five’s website and be taken to a third-party website. That website may have a privacy policy different from Salem Five and may provide less security than this Salem Five site. Salem Five and its affiliates are not responsible for the products, services, security, and content on the third-party website.By clicking the fintactix logo, you will be leaving Salem Five’s website and be taken to a third-party website. That website may have a privacy policy different from Salem Five and may provide less security than this Salem Five site. Salem Five and its affiliates are not responsible for the products, services, security, and content on the third-party website.Learn more about Salem Five's Savings Accounts -
Save Towards a Goal
Saving for something big? Whether it’s a wedding, vacation, a new car, or a down payment on a home, our Savings Goal Calculator helps you figure out how much to set aside each month. Just enter your goal amount, timeline, and savings information, and the calculator will show you what it takes to reach your target.
Fintactix Logo External Link DisclaimerBy clicking the fintactix logo, you will be leaving Salem Five’s website and be taken to a third-party website. That website may have a privacy policy different from Salem Five and may provide less security than this Salem Five site. Salem Five and its affiliates are not responsible for the products, services, security, and content on the third-party website.By clicking the fintactix logo, you will be leaving Salem Five’s website and be taken to a third-party website. That website may have a privacy policy different from Salem Five and may provide less security than this Salem Five site. Salem Five and its affiliates are not responsible for the products, services, security, and content on the third-party website.Get Started with a Salem Five Savings Account
Putting Money in a CD Account
Looking for a secure way to grow your savings? A CD offers guaranteed returns with fixed interest rates ...
*The Annual Percentage Yield (APY) is accurate as of today. 4.00% APY earned for balances $100,000 or more; rate may change after account is opened. Fees may reduce earnings. Personal accounts only. Minimum deposit to open is $10. Offer available for funds not currently on deposit. Maximum deposit limit is $1,000,000 per account and one account per customer. A monthly maintenance fee will be assessed for any statement cycle in which the combined ledger balances of your qualifying Salem Five relationship accounts as of the last day of the month prior to your account statement date is less than $25,000. The combined ledger balance includes the balances of your personal checking, savings, time deposit, money market, and IRA deposit accounts, together with the outstanding balances of your personal consumer loan accounts (excluding closed-end mortgage loans). You must establish and maintain a Club Five Checking account as a condition of eligibility for this account.