Available for residents nationwide, Salem Five is offering 1.75% APY when you open a Gold Star Money Market account. To earn this competitive rate, simply have an opening deposit of $10 in-person or $100 online, and you’re all set to begin your savings! That’s all it takes and you’ll get to enjoy earning the 1.75% rate on any balance. Not only that, there are no monthly service fees, leaving you stress-free to focus on everything else! If you are interested and qualify, apply online today!
Table of Contents
Salem Five Account Info:
- Sign up Offer
- Account Type: Gold Star Money Market
- Interest Rate: 1.75% APY
- Minimum Balance: $0
- Maximum Balance: No Maximum Balance
- Availability: Nationwide (Bank Locator)
- Expiration Date: None listed
- Credit Inquiry: Hard Pull
- Opening Deposit: Varies by method
- In-Person: $10
- Online: $100
- Credit Card Funding: No Credit Card Funding
- Direct Deposit Requirement: None
- Monthly Fee: There are no monthly service fees
- Additional Requirements: See below
- Early Termination Fee: $10, if closed by mail
- Insured: FDIC & DIF
ACH Capabilities & Limits:
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
Editor’s Note: Help us with the table above in the comment section if you have experience with ACH capabilities.
How to Earn Salem Five Rates:
- Open a Gold Star Money Market account from Salem Five with an opening deposit of $10 in-person or $1,000 online.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Keep the account open and in good-standing to continue receiving the 1.75% APY Rate
Why You Should Sign Up For This Account:
- Open a Salem Five account online in just minutes
- Interest is compounded monthly
- No direct deposit or monthly service fees
- Free online banking to efficiently make transfers and payments
- FDIC & DIF insures your funds so you can have peace of mind
Check out this offer from Salem Five. When you open a Direct Online Money Market account you can earn a 1.75% APY! This rate is great for all balance, so the savings are endless! There is no opening deposit or monthly service fee, leaving you less to worry about. Take advantage of the services they have to offer along with these savings. It takes just minutes online, so open an account today! Let us know about your experience with this bank and comment below. For more bank offers, see the complete list of Best Bank Rates!
The Blue Cash Preferred® Card from American Express offers a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It(R) to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 17.74% to 28.74%.
• 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
• 6% Cash Back on select U.S. streaming subscriptions.
• 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
• 1% Cash Back on other purchases.
Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It(R) to split up large purchases into monthly installments. Pay $0 Plan It fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a fixed monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
Thinking about getting The Disney Bundle which includes Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $13.99 or more each month on an eligible subscription with your Blue Cash Preferred Card. Enrollment required.
The card does come with a $0 intro annual fee for the first year, then $95. (See Rates & Fees)