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

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

Helpful Calculators

Articles of Interest

Money Management
What Is the “No-Buy” Challenge?

In a world overflowing with flash sales, targeted ads, and one-click checkouts, the no-buy challenge offers a powerful way to reclaim control over your finances ...

Money Management
What Is ‘Soft Saving’?

In a time of rising financial uncertainty, student loan burdens, and social pressure to "have it all," a new approach to personal finance is ...

Money Management
Types of Savings Goals

Where do you start when it comes to saving ...

Money Management
The Benefits of Personal Financial Management Tools

In today's world, managing your finances means tracking many details that create the complete picture of your financial health ...