Security Center Alerts
Promotion
Checking Sweepstakes Winner
This spring, we conducted a checking sweepstakes where all new checking account customers were automatically entered for a chance to win a fabulous prize showcasing the Power of Five. Ronda A. from Stoneham was randomly chosen from all new customers. Recently, she met us at the Stoneham Square branch to receive some Salem Five goodies and get her picture taken. And, now she just needs to decide where to go….she was debating between a 5-night stay in Aruba or Nashville. Right now, she's leaning toward Aruba. Thank you Ronda for choosing Salem Five to do your banking and enjoy your trip!
Mortgage
Construction / Renovation
If you're planning to build a new home or take on a major renovation, Salem Five’s Construction and Renovation Mortgage is designed to help simplify the process. Salem Five is one of the only mortgage companies locally that offers this. With just one closing, you can finance both the construction and permanent mortgage—saving time, money, and stress. Our loan offers interest-only payments during the construction phase and automatically converts to a traditional mortgage once your project is complete. Whether you're working with a contractor on a North Shore custom build or turning a fixer-upper on Cape Cod into your dream vacation home, funding your vision is streamlined and straightforward.
Salem Five Mortgage Company is your partner for local decisions and expert support every step of the way. Ready to break ground? Learn more about your options and apply today .
About Salem Five Mortgage Company
Salem Five Mortgage Company, LLC lends in MA, ME, NH, RI, & FL. Mortgage products provided by Salem Five Mortgage Company, LLC, NMLS ID 4662. Rhode Island licensed loan broker and loan lender. 
Product Information
Fee-free ATMs with Allpoint®
Did you know? As a Salem Five Visa® debit cardholder, you have free access to more than 55,000 ATMs nationwide. Of course, all ATMs at our 30+ branches are free to use. In addition, through our partnership with Allpoint®, you also have fee-free access to all Allpoint® network ATMs.
We believe that getting cash should be easy…and FREE. And with the Allpoint® network, you have convenient access to ATMs in locations you go to regularly. Places such as CVS/pharmacy, Walgreens, Target, Speedway, among others.
To see where the nearest fee-free ATM is to you, you can:
- Visit salemfive.com/allpoint
- Go directly to allpointnetwork.com
- Download the Allpoint® app
- Or access the list of Salem Five locations and ATMs via our mobile app
Financial Planning
Overview of How New Legislation Will Affect Taxpayers
Here are some highlights to consider and discuss with your wealth advisor. While these are only a portion of the changes, the biggest takeaway is certainty—understanding the new rules can help you plan effectively.
If you have questions about how this new law may impact your financial plan, reach out to your advisor .
- Tax cuts enacted in 2017 have been extended or made permanent. This includes current brackets, marginal rates, the estate tax exemption, and the standard deduction increasing to $15,750 for individuals and $31,500 for joint filers.
- The cap on the State and Local Tax (SALT) deduction will temporarily increase from $10,000 to $40,000. This applies for tax years 2025–2029, with a gradual increase and phase-out for higher incomes before reverting in 2030.
- Standard deduction filers can now deduct charitable contributions. Up to $1,000 for individuals and $2,000 for joint filers.
- A new senior deduction has been introduced. Individuals 65+ can deduct $6,000 ($12,000 for joint filers) from 2025–2028, subject to income limits.
- A new “starter IRA” savings account for children. Contributions up to $5,000 annually, converting to a traditional IRA at age 18. Eligible newborns (2025–2028) receive $1,000 in federal seed funding.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Salem Five Bank and Salem Five Wealth Advisors are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using the name Salem Five Wealth Advisors, and may also be employees of Salem Five Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of Salem Five Bank or Salem Five Wealth Advisors. Securities and insurance offered through LPL or its affiliates are:
The LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.
Salem Five Bank provides referrals to financial professionals of LPL Financial LLC (“LPL") pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. Salem Five Bank is not a current client of LPL for advisory services.
Please visit: https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html
LPL Financial Form CRS