Main Content Locations - Lost or Stolen Card - Contact Us - 870-895-2591 ACCOUNTS LOANS EBANKING RESOURCES COMPANY Skip Text Current Rates Interest Rates & Annual Percentage Yields 11/28/2021 Certificate of Deposits Minimum Opening Deposit Interest Rate APY 91 Day Certificate $500 0.15% 0.15% 182 Day Certificate $500 0.30% 0.30% 12 Month Certificate $500 0.40% 0.40% 18 Month Certificate $500 0.45% 0.45% 24 Month Certificate $500 0.50% 0.50% 36 Month Certificate $500 0.60% 0.60% 48 Month Certificate $500 0.65% 0.65% A penalty may be imposed for early withdrawal. Funds must remain on deposit until maturity or for 1 year to earn APY. Interest is required to be paid at least annually. Savings Accounts Minimum Opening Deposit Interest Rate APY Statement Savings $100 0.15% 0.15% Christmas Club $0 0.50% 0.50% Kid's Club $10 0.15% 0.15% Student Savings $10 0.15% 0.15% NOW Account $1,000 0.10% 0.10% Health Savings $0 0.10% 0.10% The interest rate and annual percentage yield may change after account opening. Fees can reduce earnings. Money Market Investor Minimum Opening Deposit Interest Rate APY $2,500.00 - $9,999.99 $2,500 0.15% 0.15% $10,000.00 - $24,999.99 $2,500 0.15% 0.15% $25,000 - $49,999.99 $2,500 0.15% 0.15% $50,000 or more $2,500 0.15% 0.15% The interest rate and annual percentage yield may change after account opening. Fees may reduce earnings. IRA Accounts Minimum Opening Deposit Interest Rate APY 18 Month Variable Rate IRA $0 0.45% 0.45% 24 Month Fixed Rate IRA $0 0.50% 0.50% 36 Month Fixed Rate IRA $0 0.60% 0.60% 48 Month Fixed Rate IRA $0 0.65% 0.65% For variable rate accounts, the interest rate and annual percentage yield may change after account opening. A penalty may be imposed for early withdrawal. Funds must remain on deposit until maturity or for 1 year to earn APY. Deposit information presented on the website of Bank of Salem is in accordance with the Federal Reserves Truth in Savings Act (12CFR230). Interest rates displayed for deposit products are based on Annual Percentage Yield (APY) and may fluctuate at any time. online banking SERVICES Home Accounts Loans E-Banking Resources Company COMPANY Contact Us Locations Disclosures Site Map Get Adobe Reader DOWNLOAD OUR APP Our app is fast, secure, and free. Use your current login information to start banking on your mobile device ©Copyright 2020 Bank of Salem. All rights reserved.