Salem Five Bank — Providing full-service financial services including banking, mortgage lending, loans, insurance and investments.

Salem Five Home

Open Savings

Woman casually sitting on couch using mobile phone and laptop.

A smart, simple way to save.

Open Savings is the place to set aside hard earned cash. And, to help you save, when paired with The Open Account. All of your monthly open rewards, cash back debit rewards and ATM reimbursements sweep directly to Open Savings.

  • No monthly fee
  • No minimum balance
  • Open with as little as $10
Open Now
More Savings Options

Helpful Calculators

Articles of Interest
Workplace Finance
2025 Paycheck Planning

Monitoring the changes in the Internal Revenue Service (IRS) and Social Security Administration (SSA) guidelines is crucial for successful 2025 paycheck planning ...

Learn More
Retirement
The Financial Independence, Retire Early (FIRE) Method

The Financial Independence Retire Early (FIRE) method is a lifestyle movement designed to help individuals achieve early retirement through disciplined saving ...

Learn More
Family Finances
2025 Child Tax Credits

Child Tax Credits are tax breaks the federal government offers to support U.S. taxpayers with eligible dependent children under 17. These credits aim to reduce ...

Learn More
Family Finances
What is Financial Therapy?

Money is a sensitive and personal topic for most people, and it can evoke strong emotions and often be a source of stress and anxiety. Struggling to pay bills ...

Learn More