What are the interest rates for Salem Five savings accounts?
Asked a year ago
The interest rates for Salem Five savings accounts vary depending on the type of account and the specific terms. As of April 2021, the rates range from 0.05% to 0.45% APY (Annual Percentage Yield). The Basic Savings account offers a competitive rate of 0.05% APY, requiring a minimum balance of $10 to earn interest. For higher yields, customers can explore options like the Prime Star Savings Account with an APY of 0.35% for balances between $10,000 and $99,999. The Star Savings Account provides an enhanced rate of 0.45% APY for balances exceeding $100,000. These rates are subject to change, so it is recommended to check the Salem Five website or contact their customer service for the most up-to-date information.
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