Buying a Vacation Home
It is something many families dream of: Owning a small cottage by the lake, a cabin in the mountains, or ...
Club Five Money MarketSM
4.00% APY*
Premium Savings, Rewarding ReturnsThe Club Five Money MarketSM Account offers a premium savings solution for customers who want to maximize their earning potential. With tiered interest rates, larger balances have the opportunity to earn higher rates, helping your savings grow faster.
Enjoy the flexibility of accessible funds combined with the confidence of FDIC-insured protection. Whether you're building reserves, saving for a major purchase, or managing excess cash, the Club Five Money MarketSM Account provides a smart balance of growth, accessibility, and access to the Club Five CheckingSM premium benefits.
FAQs: Club Five Money Market
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How do I waive the monthly fee?
Maintain $25,000 or more across your Salem Five accounts, excluding any business accounts you may have. -
What are the benefits of this account?
In conjunction with the Club Five CheckingSM you can enjoy premium features like fee waivers and enhanced banking services. -
Does this account earn more interest?
Yes — it offers tiered interest rates that increase with higher balances. -
Are there any requirements to open this account?
Yes — you must have a Club Five Checking to qualify for this account. If you do not have a Club Five Checking account, your account may be changed to the Classic Five Checking account.
Helpful Calculators
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The Benefits of Compounding
Want to see how your savings can grow over time? Our APY Interest Calculator lets you compare how different compounding methods—daily, monthly, quarterly, or annually—affect your annual percentage yield (APY). Just enter your deposit amount, interest rate, and compounding frequency to estimate your earnings.
Fintactix Logo External Link DisclaimerBy clicking the fintactix logo, you will be leaving Salem Five’s website and be taken to a third-party website. That website may have a privacy policy different from Salem Five and may provide less security than this Salem Five site. Salem Five and its affiliates are not responsible for the products, services, security, and content on the third-party website.By clicking the fintactix logo, you will be leaving Salem Five’s website and be taken to a third-party website. That website may have a privacy policy different from Salem Five and may provide less security than this Salem Five site. Salem Five and its affiliates are not responsible for the products, services, security, and content on the third-party website.Learn more about Salem Five's Savings Accounts -
The Impact of Saving More
Discover how increasing your savings can significantly boost your financial future. Our calculator shows the power of saving more regularly. Just enter your current savings information, saving assumptions, and the calculator will estimate how it could grow.
By clicking the fintactix logo, you will be leaving Salem Five’s website and be taken to a third-party website. That website may have a privacy policy different from Salem Five and may provide less security than this Salem Five site. Salem Five and its affiliates are not responsible for the products, services, security, and content on the third-party website.Fintactix Logo External Link DisclaimerBy clicking the fintactix logo, you will be leaving Salem Five’s website and be taken to a third-party website. That website may have a privacy policy different from Salem Five and may provide less security than this Salem Five site. Salem Five and its affiliates are not responsible for the products, services, security, and content on the third-party website. -
Save Towards a Goal
Saving for something big? Whether it’s a wedding, vacation, a new car, or a down payment on a home, our Savings Goal Calculator helps you figure out how much to set aside each month. Just enter your goal amount, timeline, and savings information, and the calculator will show you what it takes to reach your target.
By clicking the fintactix logo, you will be leaving Salem Five’s website and be taken to a third-party website. That website may have a privacy policy different from Salem Five and may provide less security than this Salem Five site. Salem Five and its affiliates are not responsible for the products, services, security, and content on the third-party website.Fintactix Logo External Link DisclaimerBy clicking the fintactix logo, you will be leaving Salem Five’s website and be taken to a third-party website. That website may have a privacy policy different from Salem Five and may provide less security than this Salem Five site. Salem Five and its affiliates are not responsible for the products, services, security, and content on the third-party website.
*The Annual Percentage Yield (APY) is accurate as of today. $10 Minimum Balance to Obtain Annual Percentage Yield. 4.00% APY earned for balances $100,000 or more; 2.50% APY earned for balances $50,000 - $99,999.99; 1.50% APY earned for balances $10,000 - $49,999.99; 0.05% APY earned for balances $10 - $9,999.99. Rate may change after account is opened. Fees may reduce earnings. The Club Five Money Market requires an open and funded Club Five Checking account. Offer available for funds not currently on deposit. Maximum deposit limit is $1,000,000 per account and one account per customer. Personal accounts only. A monthly maintenance fee will be charged for any statement cycle if the combined balances of your qualifying Salem Five relationship accounts are less than $25,000 on the date your Club Five Money Market statement is generated. Qualifying relationship balances include your personal checking, savings, money market, time deposit (CD), and IRA deposit accounts, as well as the outstanding balances of your personal consumer loans. Closed-end mortgage loans are not included.