FDIC-Insured - Backed by the full faith and credit of the U.S. Government
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Everyone has their own unique set of financial needs. It’s time to explore yours.
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With our Totally Free Checking account, you get all the essentials and no fees or hassles. This is a great account for college students, or anyone looking to take control of their finances.
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A Partnership Account with Salem Co-operative Bank gives you additional control over checking and savings options. Designed to fit your needs and priorities, it’s the ultimate way to take advantage of our tiered premium rates.
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For those ready to step up from a basic account and earn interest on their money, an Interest Checking Account from Salem Co-operative Bank is the perfect solution.
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For individuals 60+, our Senior Advantage Checking account is an excellent option for promoting a sound financial future.
Checking Accounts | Totally Free | Partnership Checking | Interest Checking | Senior Advantage |
|---|---|---|---|---|
Checking Accounts Minimum Balance to Open | Totally Free $10.00 | Partnership Checking $10.00 | Interest Checking $10.00 | Senior Advantage $10.00 |
Checking Accounts Pay Interest | Totally Free No | Partnership Checking Yes*** | Interest Checking Yes*** | Senior Advantage Yes*** |
Checking Accounts Minimum Daily Balance to Earn Interest | Totally Free No interest paid | Partnership Checking $0.01 | Interest Checking $500.00 | Senior Advantage $1 |
Checking Accounts Free Standard Salem Co-operative Bank Check | Totally Free Yes | Partnership Checking Yes | Interest Checking No | Senior Advantage Yes |
Checking Accounts Monthly Maintenance Service Charge | Totally Free None | Partnership Checking $17.50 if daily balance falls below combined $7,500.00* | Interest Checking $8.00 if daily balance falls below $500.00 | Senior Advantage None |
Checking Accounts Minimum Daily Balance to Avoid
Service Charge | Totally Free None | Partnership Checking $7,500.00* combined | Interest Checking $500.00 | Senior Advantage None |
Checking Accounts Age Requirement to Open | Totally Free 18 Years | Partnership Checking 18 Years | Interest Checking 18 Years | Senior Advantage 60 years |
Checking Accounts Overdraft Protection / Line of Credit Available | Totally Free Yes** | Partnership Checking Yes** | Interest Checking Yes** | Senior Advantage Yes** |
Checking Accounts Direct Deposit Available(Routing #211472977) | Totally Free Yes | Partnership Checking Yes | Interest Checking Yes | Senior Advantage Yes |
Checking Accounts No annual fee Debit/ATM Available? | Totally Free Yes | Partnership Checking Yes | Interest Checking Yes | Senior Advantage Yes |
Checking Accounts Digital Banking Available with Free Bill Pay | Totally Free Yes | Partnership Checking Yes | Interest Checking Yes | Senior Advantage Yes |
Checking Accounts Imaged Statements | Totally Free Yes | Partnership Checking Yes | Interest Checking Yes | Senior Advantage Yes |
Checking Accounts |
|---|
Minimum Balance to Open Minimum Balance to Open |
Pay Interest Pay Interest |
Minimum Daily Balance to Earn Interest Minimum Daily Balance to Earn Interest |
Free Standard Salem Co-operative Bank Check Free Standard Salem Co-operative Bank Check |
Monthly Maintenance Service Charge Monthly Maintenance Service Charge |
Minimum Daily Balance to Avoid
Service Charge Minimum Daily Balance to Avoid
Service Charge |
Age Requirement to Open Age Requirement to Open |
Overdraft Protection / Line of Credit Available Overdraft Protection / Line of Credit Available |
Direct Deposit Available(Routing #211472977) Direct Deposit Available(Routing #211472977) |
No annual fee Debit/ATM Available? No annual fee Debit/ATM Available? |
Digital Banking Available with Free Bill Pay Digital Banking Available with Free Bill Pay |
Imaged Statements Imaged Statements |
| Totally Free |
Minimum Balance to Open $10.00 |
Pay Interest No |
Minimum Daily Balance to Earn Interest No interest paid |
Free Standard Salem Co-operative Bank Check Yes |
Monthly Maintenance Service Charge None |
Minimum Daily Balance to Avoid
Service Charge None |
Age Requirement to Open 18 Years |
Overdraft Protection / Line of Credit Available Yes** |
Direct Deposit Available(Routing #211472977) Yes |
No annual fee Debit/ATM Available? Yes |
Digital Banking Available with Free Bill Pay Yes |
Imaged Statements Yes |
| Partnership Checking |
Minimum Balance to Open $10.00 |
Pay Interest Yes*** |
Minimum Daily Balance to Earn Interest $0.01 |
Free Standard Salem Co-operative Bank Check Yes |
Monthly Maintenance Service Charge $17.50 if daily balance falls below combined $7,500.00* |
Minimum Daily Balance to Avoid
Service Charge $7,500.00* combined |
Age Requirement to Open 18 Years |
Overdraft Protection / Line of Credit Available Yes** |
Direct Deposit Available(Routing #211472977) Yes |
No annual fee Debit/ATM Available? Yes |
Digital Banking Available with Free Bill Pay Yes |
Imaged Statements Yes |
| Interest Checking |
Minimum Balance to Open $10.00 |
Pay Interest Yes*** |
Minimum Daily Balance to Earn Interest $500.00 |
Free Standard Salem Co-operative Bank Check No |
Monthly Maintenance Service Charge $8.00 if daily balance falls below $500.00 |
Minimum Daily Balance to Avoid
Service Charge $500.00 |
Age Requirement to Open 18 Years |
Overdraft Protection / Line of Credit Available Yes** |
Direct Deposit Available(Routing #211472977) Yes |
No annual fee Debit/ATM Available? Yes |
Digital Banking Available with Free Bill Pay Yes |
Imaged Statements Yes |
| Senior Advantage |
Minimum Balance to Open $10.00 |
Pay Interest Yes*** |
Minimum Daily Balance to Earn Interest $1 |
Free Standard Salem Co-operative Bank Check Yes |
Monthly Maintenance Service Charge None |
Minimum Daily Balance to Avoid
Service Charge None |
Age Requirement to Open 60 years |
Overdraft Protection / Line of Credit Available Yes** |
Direct Deposit Available(Routing #211472977) Yes |
No annual fee Debit/ATM Available? Yes |
Digital Banking Available with Free Bill Pay Yes |
Imaged Statements Yes |
*Minimum daily balance requirements of $7500.00* may be a combination of a Partnership Checking, Partnership Savings and/or other retail deposit accounts.
**Overdraft Protection/Line of Credit is a personal loan subject to credit approval. $10.00 annual fee.
***Rates may change after the account is opened. Interest rates and annual percentage yields (APYs) may change at any time. Interest begins on the same business day you make your deposit on collected funds, unless we notify you. We calculate interest every day based on the daily balance in your account. Interest is accrued until the end of your monthly statement cycle when it is added to your balance (compounded monthly). Unpaid interest will be forfeited if you close your account before the interest is posted.
Contact/Locations
ATM Locator
Rates + Fees
Calculators