Salem Five Bank
About
Salem Five Bank in Woburn is a branch of Salem Five, offering personal and business banking to customers in Woburn and nearby communities. Services cover checking accounts, CDs and IRAs, mortgages and other loans, plus insurance and investments. Business owners can work with the bank on accounts and funding as their companies grow, and the bank’s full-service approach lets customers keep several parts of their finances at one institution.
Salem Five serves much of the Greater Boston area. Beyond the branch counter, it offers wealth management through Salem Five Wealth Advisors and brokerage services through Salem Five Investment Services, which works with LPL Financial; those investment products are separate from the bank and are not FDIC insured. Commercial clients can use a secure browser with malware prevention and one-time passcodes for their business applications.
What to Know
- The branch is listed with both the Lexington and Woburn chambers of commerce.
- An online Application Status Center lets applicants check on their applications.
- The bank periodically offers special CD and IRA terms.
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