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Personal Banking > Savings and CDs

Savings & CDs

Getting the most mileage out of your money—one penny at a time.

We offer a wealth of options for handling transactions, all without a monthly fee.

Our Partnership Savings, Money Market and Statement Savings accounts can also come with a Debit Card if linked to a checking account.

Partnership Savings

All you need to do to qualify for a Partnership Savings account is maintain a Partnership Checking account. It’s that easy.

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Money Market

Enjoy higher interest rates with maximum liquidity.

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Statement Savings

This simple, no-frills savings account puts savings in your hands.

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Tiered Passbook Savings

Savings the old-fashioned way. We keep track of your activity; you earn interest**.

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Club Account

Get a head start on saving for your next vacation, an upcoming wedding or holiday gifts. Welcome to the Club.

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Certificates of Deposit (CD)

Looking for an insured account that can yield higher interest rates? A Certificate of Deposit (CD) may be the perfect fit.

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Let’s Talk

Interested in opening a savings account or CD with Salem Co-operative Bank? Contact us today to get started.

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View a comparison of our plans
Savings Account
Partnership Savings
Statement Savings
Tiered Passbook Savings
Club Account
Regular Certificates of Deposits 
Minimum Balance to Open
$10.00
$10.00
$10.00
$10.00
$500.00
Minimum Daily Balance to Earn Interest
$.01
$1.00
$1.00
$100.00
$.01
Direct Deposit Available (Routing #211472977)
Yes
Yes
Yes
Yes
No
Debit/ATM Available
Yes
Yes
No
No
No
Early Withdrawal Penalty
See 1
See 1
See 1
See 1
Yes 2
Online Banking Available
Yes 3  4
Yes 3  4
Yes4
Yes 4
Yes 4

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