Salem Five Bank – Swampscott
About
Salem Five Bank in Swampscott serves this North Shore town as a branch of Salem Five, a full-service financial services company. Customers can take care of everyday banking such as checking accounts and CDs, and the bank also handles mortgages, insurance and investments, so a household can bring most of its finances to one place. Business owners can turn to Salem Five for accounts and funding as they grow.
Salem Five serves the Greater Boston area. Wealth planning is offered through Salem Five Wealth Advisors, and brokerage comes through Salem Five Investment Services in partnership with LPL Financial. Those investment and insurance products are not bank deposits, are not FDIC insured and may lose value. Commercial clients can manage their business applications through a secure browser with malware prevention.
What to Know
- Retirement savings can be held in IRA CDs, with special terms offered periodically.
- An online Application Status Center lets applicants check on their applications.
- Business clients receive one-time passcodes by text when logging in to the secure browser.
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