Please ensure Javascript is enabled for purposes of website accessibility

This device is too small

If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.

Skip to main content
Advertiser Disclosure Many of the offers that appear on this site are from companies from which The Motley Fool receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear) and may influence which products we write about, but our product ratings are not influenced by compensation. We do not include all companies or offers available in the marketplace.
    |    Accessibility Options

Salem Five Bank CD Rates for 2025

Review Updated
Brittney Myers
Brittney Myers
| 1 other [ + ]
Nathan Alderman
Fact Checked: Nathan Alderman
Nathan Alderman
Nathan Alderman
Fact checker

Nathan Alderman has been a full-time Motley Fool employee since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As Motley Fool Money's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.

See Full Bio

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. APY = Annual Percentage Yield.

If you like banking with Salem Five and want a good place to put your money, its Special CDs could be a good pick. The Salem Five Bank CDs offer competitive rates for those who can meet the minimum balance, though that may not be easy for everyone.

To see what rates you can expect -- and how much money you'll need to get them -- read our full Salem Five Bank CD review.

Salem Five Bank CD rates

Rates as of March 6, 2025

APY = Annual Percentage Yield

Offer image for Salem Five Bank CD
Salem Five Bank CD
Bottom Line

Salem Five Bank offers Regular CDs, Special CDs, Regular IRA CDs, and Special IRA CDs. The rates showcased here are for the Regular CDs. You'll generally find the highest APYs with the bank's Special CD options, however.

Minimum deposit amounts vary for Regular CDs, depending upon the term you choose. For Special CDs, the min. deposit requirement is a hefty $10,000, while it is $2,000 for Special IRA CDs. Regular IRA CDs have the lowest min. deposit required, at just $500, no matter which term you choose.

MINIMUM DEPOSIT Varies
6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 42 Mo. APY 5 Yr. APY
3.45% 0.05% 2.95% 2.95% 2.95% 0.35% 0.50% 0.50%

Is a high-yield savings account a better option for you?

A high-interest savings account offers rates competitive with the best CDs accounts, but without having to lock your money away for months or even years at a time. Here are some top-rated high-yield savings account options from our experts.

Account APY Promotion Next Steps
3.70%
Rate info Circle with letter I in it. 3.70% annual percentage yield as of April 17, 2025. Terms apply.
Min. to earn: $0
N/A
Open Account for American Express® High Yield Savings

On American Express's Secure Website.

4.10% APY for balances of $5,000 or more
Rate info Circle with letter I in it. 4.10% APY for balances of $5,000 or more; otherwise, 0.25% APY
Min. to earn: $100 to open account, $5,000+ for max APY
Earn a bonus of at least $225 after a one-time deposit of $25,000+. Circle with letter I in it. Transfer a one-time deposit of $25,000-$49,999.99 for a bonus of $225. Transfer a one-time deposit of $50,000+ for a bonus of $300. Account must be opened with code PS2025 while this promotion lasts, and funded within 30 days. Bonus will be fulfilled within 60 days from the funding date. There is no period of time where the customer will be required to maintain the funds. Account must be open when bonus is credited. One bonus per account and primary customer. Bonus will be credited into the Platinum Savings Account that fulfills the funding requirement. Funding can be deposited all at once or incrementally.
3.60%
Rate info Circle with letter I in it. See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 8, 2025. Rates are subject to change at any time before or after account opening.
Min. to earn: $0
N/A

Compare Salem Five Bank CD rates

Overall, Salem Five Bank CDs have decent rates if you get a Special CD, though some of the best CD accounts offer even higher APYs. Moreover, Salem Five has particularly high minimum balance requirements, so those rates may not be available to everyone. Check out a few of our picks for the best CDs to see some other options.

Rates as of March 6, 2025
Bank & CD Offer APY Term Min. Deposit Next Steps
Discover® Bank CD
Member FDIC.
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

APY:
4.00%
Term:
1 Year
Min. Deposit:
$0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

LendingClub CD
Member FDIC.
Open Account for LendingClub CD

On LendingClub's Secure Website.

APY:
4.00%
Term:
10 Months
Min. Deposit:
$500
Open Account for LendingClub CD

On LendingClub's Secure Website.

Western Alliance Bank CD
Open Account for

On Secure Website.

APY:
4.30%
Term:
6 Months
Min. Deposit:
$1
Open Account for

On Secure Website.

Details on Salem Five Bank CDs

A good CD can help your savings grow. Salem Five Bank CDs can have competitive rates compared to other banks, but they're not perfect for everyone. Here are the pros and cons.

Pros and Cons of Salem Five Special CDs

PROS

  • Competitive rates available
  • No monthly account fees
  • Variety of term lengths

CONS

  • High minimum deposit requirement
  • Rates drop for longer terms

Salem Five Special CDs Review

Salem Five's Special CDs are where you'll find the best rates -- provided you can afford them. The high minimum balance required to open these CDs may be a dealbreaker for many savers. You'll also need to stick to short-term CDs for the top APYs, as the longer-term accounts have much lower rates. On the plus side, no monthly account fees.

Pros and Cons of Salem Five Regular CDs

PROS

  • No monthly account fees
  • Variety of term lengths
  • Moderate minimum balance requirement

CONS

  • Rates are very low

Salem Five Regular CDs Review

Salem Five's Regular CDs aren't of much interest. While they have a lower minimum balance requirement than the Special CDs counterparts, it barely matters since the APYs are so low. These rates are (barely) better than your typical brick-and-mortar low-interest savings account. And they don't stack up at all to the best high-yield savings accounts.

Other Salem Five CD accounts

Salem Five also offers the following CD accounts:

  • Salem Five Direct eCD Specials
  • Retirement CDs

Who is a Salem Five Bank CD right for?

Folks who can afford the high minimum balance can earn a good rate on short-term Special CDs from Salem Five. Otherwise, it's probably best to check out your options at other banks.

Bottom line: Salem Five Bank CD rates

Salem Five Bank CD
  • 6 APY: 3.45%
  • 9 APY: 0.05%
  • 12 APY: 2.95%
  • 18 APY: 2.95%
  • 24 APY: 2.95%
  • 36 APY: 0.35%
  • 42 APY: 0.50%
  • 60 APY: 0.50%
Show All Rates [+] Hide All Rates [-]
Rates as of March 6, 2025

APY = Annual Percentage Yield

Term
Salem Five Bank CD
6 Mo.
9 Mo.
1 Yr.
1.5 Yr.
2 Yr.
3 Yr.
42 Mo.
5 Yr.
3.45%
0.05%
2.95%
2.95%
2.95%
0.35%
0.50%
0.50%

Our CDs methodology

At Motley Fool Money, certificates of deposit (CDs) are rated primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.

Learn more about how Motley Fool Money rates bank accounts.

FAQs

  • If you can meet the minimum balance requirement, a Special CD from Salem Five offers a fairly competitive rate for your short- to mid-term savings.

  • Salem Five's short-term Special CDs can be worthwhile, though they do have a high minimum balance requirement. The Regular CDs aren't worth your time or trouble.