Salem Five
About
Salem Five’s Marblehead branch serves local customers of Salem Five Bank, which provides full-service financial services across the Greater Boston area. The bank’s offerings include everyday banking, mortgage lending and other loans, insurance and investments, so households can handle much of their financial life at one institution. Personal customers can choose from the bank’s checking account options as well as certificates of deposit and IRAs.
Business owners can also work with Salem Five on accounts and funding to help a company grow. Commercial clients get access to a secure browser that serves as a gateway to the bank’s business applications, with layered protection, malware prevention and one-time passcodes sent by text. Investment products are offered through Salem Five Investment Services, a separate part of the business that works with LPL Financial and its affiliates.
What to Know
- Securities and insurance offered through LPL are not FDIC insured, not bank guaranteed and may lose value.
- Wealth management is offered through Salem Five Wealth Advisors.
- An online Application Status Center lets applicants check on their applications.
- The bank periodically offers special CD and IRA terms.
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