Salem Five Direct is offering a high-yield free checking account and a $25 bonus when you enroll in direct deposit. Earn 5.10% APY on average daily balances of $100,000-$999,999. Earn 4.70% APY on average daily balances of $0-$9,999, 4.80% APY on $10,000-$24,999, 4.90% APY on $25,000-$99,999 and 0.50% APY on balances of $1,000,000 or more. Minimum to open this account online is $100.00. The rate may change after the account is opened. The stated APY applies to new eOne accounts opened after 9/24/2007.
It is totally free: No monthly fee, No minimum balance, Free online bill payment, Unlimited checking, debit card and ATM transactions. And Salem Five will never charge a fee for ATM transactions conducted at non-Salem Five ATMs, and will reimburse the fees other banks charge up to $15 per statement cycle.
$25 bonus is an interest credit to be posted to your account within 60 days of initiating a recurring direct deposit such as payroll or social security payments. The recurring direct deposit must be initiated within 90 days of account opening.
Account requires eStatements. This offer is not available at Salem Five branch offices. Consumer accounts only.
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