MonitorBankRates
☰
Home › Checking Accounts › Massachusetts Checking › Salem, Massachusetts iAdvertiser Disclosure
Advertiser Disclosure Some of the institutions listed may have a business relationship with MonitorBankRates. However, our proprietary systems independently track and verify all rates and data displayed. Advertiser relationships do not influence our Health Safety Rating, Star Ratings or Texas Ratio calculation, or the rates shown.

Best Banks & Checking Accounts in Salem, Massachusetts - May 2026

Content reviewed by
Brian McKay Brian McKay
Brian McKay

Brian McKay

Founder & Data Architect
Expertise
  • Automated Online Rate Data Aggregation
  • Location-Based Rate Tables
  • Bank & Credit Union Health Safety Ratings
  • Bank & Credit Union Star Ratings
  • Finance Calculators
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
| i Editorial Disclosure
Editorial Disclosure The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
| ✓Fact Checked | Checking Account Rates — Last Updated and Verified: May 12, 2026

The best checking rates for Salem, Massachusetts include Institution for SavingsInstitution for Savings6 Paradise Rd, Salem, MA 01970A+5.0 ★Texas Ratio: 0.11% 18/65 Checking at 0.25% APY, North Shore Bank Co-opNorth Shore Bank Co-op319 Highland Ave, Salem, MA 01970A+5.0 ★Texas Ratio: 1.80% Get More Checking at 0.20% APY, Eastern Bank Boston, MAEastern Bank Boston, MA19 Congress St, Salem, MA 01970A+5.0 ★Texas Ratio: 2.03% Premier Checking at 0.01% APY, Baxter Credit UnionBaxter Credit UnionA5.0 ★Texas Ratio: 7.73% PowerPlusTM Checking Level 2 at 8.00% APY, and St Marys Credit UnionSt Marys Credit UnionA+5.0 ★Texas Ratio: 0.62% Kasasa Cash Checking at 5.25% APY. Checking account rates as of May 12, 2026 according to verified data from MonitorBankRates.

Salem has 3 local institutions in our database, with checking rates as high as 0.25% APY from Institution for Savings at 6 Paradise Rd, Salem, MA, 01970. Use the tabs below to compare all available checking account types. Rates are continually updated — we recommend checking back frequently.

Checking account rates reflect recent market quotes and representative offers available to depositors in Salem, Massachusetts. Checking Account Rates Last Updated and Verified: May 12, 2026

Compare Checking Account Rates Today in Salem, Massachusetts & the Surrounding Area

Institutions:
Source: Verified Checking Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Institution for Savings
Institution Rating:
A+5.0 ★ Texas Ratio: 0.11%
6 Paradise Rd
Salem, MA 01970
18/65 Checking
0.25%
$10
View
▼
Rate0.25%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

Institution for Savings
Institution Rating:
A+5.0 ★ Texas Ratio: 0.11%
6 Paradise Rd
Salem, MA 01970
Collegiate Checking
0.25%
$10
View
▼
Rate0.25%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

Institution for Savings
Institution Rating:
A+5.0 ★ Texas Ratio: 0.11%
6 Paradise Rd
Salem, MA 01970
Personal Bonus Checking
0.25%
$10
View
▼
Rate0.25%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

Qualifying balance up to $50,000.00

Institution for Savings
Institution Rating:
A+5.0 ★ Texas Ratio: 0.11%
6 Paradise Rd
Salem, MA 01970
Personal Checking
0.25%
$10
View
▼
Rate0.25%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

Institution for Savings
Institution Rating:
A+5.0 ★ Texas Ratio: 0.11%
6 Paradise Rd
Salem, MA 01970
Simple Business NOW Checking Business
0.25%
$10
View
▼
Rate0.25%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

North Shore Bank Co-op
Institution Rating:
A+5.0 ★ Texas Ratio: 1.80%
319 Highland Ave
Salem, MA 01970
Get More Checking
0.20%
$0
View
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

North Shore Bank Co-op
Institution Rating:
A+5.0 ★ Texas Ratio: 1.80%
319 Highland Ave
Salem, MA 01970
Get More Checking
0.15%
$0
View
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

North Shore Bank Co-op
Institution Rating:
A+5.0 ★ Texas Ratio: 1.80%
319 Highland Ave
Salem, MA 01970
Get More Checking
0.10%
$0
View
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

North Shore Bank Co-op
Institution Rating:
A+5.0 ★ Texas Ratio: 1.80%
319 Highland Ave
Salem, MA 01970
Get More Checking
0.05%
$0
View
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

Qualifying balance up to $24,999.99

North Shore Bank Co-op
Institution Rating:
A+5.0 ★ Texas Ratio: 1.80%
319 Highland Ave
Salem, MA 01970
Go Further Relationship Checking
0.05%
$0
View
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

Qualifying balance up to $14,999.99

Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
19 Congress St
Salem, MA 01970
Premier Checking
0.01%
$0
View
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

Baxter Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
PowerPlusTM Checking Level 2
8.00%
$0
View
▼
Rate7.72%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Qualifying balance up to $15000

St Marys Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.62%
Kasasa Cash Checking
5.25%
$0
View
▼
Rate5.13%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Qualifying balance up to $10,000.00

Workers Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.04%
Advantage High Interest Checking
4.50%
$5
View
▼
Rate4.41%
Min Deposit$5
Min Balance—
UpdatedMay 10, 2026
Details

Qualifying balance up to $15,000.00

BankGloucester
Institution Rating:
B+4.7 ★ Texas Ratio: 19.12%
Elite Reward Checking
4.06%
$10
View
▼
Rate4.00%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

Qualifications Required; Qualifying balance up to $25,000.00

Newburyport Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.70%
Rewards Checking
4.00%
$0
View
▼
Rate3.92%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

Qualifying balance up to $15,000.00

Lee Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.10%
EMPOWER Rewards Checking
4.00%
$0
View
▼
Rate3.92%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

Qualifications Required; Qualifying balance up to $10,000.00

Pentucket Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.68%
Rewards Checking
4.00%
$10
View
▼
Rate3.92%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

Qualifying balance up to $15,000.00

Webster First Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.22%
First Rate Checking
4.00%
$0
View
▼
Rate3.92%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details

Qualifying balance up to $1,000.00

Baxter Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
PowerPlusTM Checking Level 1
4.00%
$0
View
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Qualifying balance up to $15000

Source: Verified Checking Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Baxter Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
PowerPlusTM Checking Level 2
8.00%
$0
View
▼
Rate7.72%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Qualifying balance up to $15000

St Marys Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.62%
Kasasa Cash Checking
5.25%
$0
View
▼
Rate5.13%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Qualifying balance up to $10,000.00

Workers Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.04%
Advantage High Interest Checking
4.50%
$5
View
▼
Rate4.41%
Min Deposit$5
Min Balance—
UpdatedMay 10, 2026
Details

Qualifying balance up to $15,000.00

BankGloucester
Institution Rating:
B+4.7 ★ Texas Ratio: 19.12%
Elite Reward Checking
4.06%
$10
View
▼
Rate4.00%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

Qualifications Required; Qualifying balance up to $25,000.00

Pentucket Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.68%
Rewards Checking
4.00%
$10
View
▼
Rate3.92%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

Qualifying balance up to $15,000.00

Baxter Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
PowerPlusTM Checking Level 1
4.00%
$0
View
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Qualifying balance up to $15000

Newburyport Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.70%
Rewards Checking
4.00%
$0
View
▼
Rate3.92%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

Qualifying balance up to $15,000.00

Lee Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.10%
EMPOWER Rewards Checking
4.00%
$0
View
▼
Rate3.92%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

Qualifications Required; Qualifying balance up to $10,000.00

Webster First Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.22%
First Rate Checking
4.00%
$0
View
▼
Rate3.92%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details

Qualifying balance up to $1,000.00

Lee Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.10%
EMPOWER Rewards Checking
3.00%
$0
View
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

Qualifications Required; Qualifying balance up to $10,000.00

Webster Five Cents Savings Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.57%
IOLTA Checking Account
2.89%
$10
View
▼
Rate2.81%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

First Priority Credit Union Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.69%
Priority Checking Account*
2.50%
$0
View
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details

No additional details provided.

North Brookfield SB
Institution Rating:
A+5.0 ★ Texas Ratio: 1.70%
IOLTA Checking
2.08%
$0
View
▼
Rate2.06%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

Bank5 Connect
Institution Rating:
A+5.0 ★ Texas Ratio: 1.34%
Connect Checking
2.00%
$10
View
▼
Rate1.98%
Min Deposit$10
Min Balance—
UpdatedMay 4, 2026
Details

No additional details provided.

North Easton SB
Institution Rating:
A+5.0 ★ Texas Ratio: 1.18%
Signature Checking
2.00%
$0
View
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

BrightBridge Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
Kasasa Cash (High Interest Checking)
2.00%
$25
View
▼
Rate1.98%
Min Deposit$25
Min Balance—
UpdatedMay 12, 2026
Details

Qualifying balance up to $10,000.00

ACU Athol Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.75%
Umbrella Checking
1.75%
$100
View
▼
Rate1.75%
Min Deposit$100
Min Balance—
UpdatedMay 10, 2026
Details

Qualifying balance up to $25,000

Cape Cod Co-operative Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.34%
SmartRate Checking
1.00%
$0
View
▼
Rate1.00%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

Qualifying balance up to $10,000.00

TrustCo Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 3.16%
Home Town Investment Checking
1.00%
$0
View
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details

No additional details provided.

Monson Savings Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.52%
MoneyMaking Checking
1.00%
$10
View
▼
Rate1.00%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

Qualifications Required; Qualifying balance up to $25,000.00

Source: Verified Checking Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
St Marys Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.62%
Kasasa Cash Checking
5.25%
$0
View
▼
Rate5.13%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Qualifying balance up to $10,000.00

BankGloucester
Institution Rating:
B+4.7 ★ Texas Ratio: 19.12%
Elite Reward Checking
4.06%
$10
View
▼
Rate4.00%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

Qualifications Required; Qualifying balance up to $25,000.00

Newburyport Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.70%
Rewards Checking
4.00%
$0
View
▼
Rate3.92%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

Qualifying balance up to $15,000.00

Pentucket Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.68%
Rewards Checking
4.00%
$10
View
▼
Rate3.92%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

Qualifying balance up to $15,000.00

Lee Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.10%
EMPOWER Rewards Checking
4.00%
$0
View
▼
Rate3.92%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

Qualifications Required; Qualifying balance up to $10,000.00

Lee Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.10%
EMPOWER Rewards Checking
3.00%
$0
View
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

Qualifications Required; Qualifying balance up to $10,000.00

BrightBridge Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
Kasasa Cash (High Interest Checking)
2.00%
$25
View
▼
Rate1.98%
Min Deposit$25
Min Balance—
UpdatedMay 12, 2026
Details

Qualifying balance up to $10,000.00

IC Federal Credit Union
Institution Rating:
A-5.0 ★ Texas Ratio: 15.06%
Reward Checking
0.50%
$0
View
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details

Qualifications Required; Qualifying balance up to $15,000.00

Dedham Institution for Savings
Institution Rating:
A5.0 ★ Texas Ratio: 6.25%
Check Rewards Checking
0.05%
$0
View
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

BrightBridge Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
Kasasa Cash Back (Free Checking)
0.00%
$25
View
▼
Rate0.00%
Min Deposit$25
Min Balance—
UpdatedMay 12, 2026
Details

No additional details provided.

Source: Verified Checking Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Somerset Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.49%
FREE Checking
0.05%
$0
View
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details

No additional details provided.

Bank of Canton
Institution Rating:
A5.0 ★ Texas Ratio: 6.04%
Free Checking with Interest
0.05%
$0
View
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 3, 2026
Details

No additional details provided.

Monson Savings Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.52%
Free Checking
0.00%
$10
View
▼
Rate0.00%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

NCB North Cambridge Coopertive Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
Basic Checking
0.00%
$0
View
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

Winter Hill Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
SmartChoice Free Checking
0.00%
$10
View
▼
Rate0.00%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

Winter Hill Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
StudentChoice Free Checking
0.00%
$10
View
▼
Rate0.00%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

TrustCo Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 3.16%
Home Town Free Checking
0.00%
$0
View
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details

No additional details provided.

BrightBridge Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
Basic Checking
0.00%
$25
View
▼
Rate0.00%
Min Deposit$25
Min Balance—
UpdatedMay 12, 2026
Details

No additional details provided.

BrightBridge Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
Kasasa Cash Back (Free Checking)
0.00%
$25
View
▼
Rate0.00%
Min Deposit$25
Min Balance—
UpdatedMay 12, 2026
Details

No additional details provided.

Luso American Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.82%
Free Checking
0.00%
$0
View
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

No additional details provided.

Quincy Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.37%
Totally Free Checking
0.00%
$0
View
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

No additional details provided.

Workers Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.04%
Free Checking with eStatements
0.00%
$5
View
▼
Rate0.00%
Min Deposit$5
Min Balance—
UpdatedMay 10, 2026
Details

No additional details provided.

New England Teamsters Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.25%
Free Checking
0.00%
$0
View
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details

No additional details provided.

New England Teamsters Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.25%
Free Checking (78)
0.00%
$0
View
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details

No additional details provided.

Source: Verified Checking Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Align Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 11.20%
Student Checking*
0.10%
$0
View
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details

No additional details provided.

Somerset Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.49%
TeenCents CheckingSM
0.05%
$0
View
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details

No additional details provided.

StonehamBank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.30%
Optimum Student Checking
0.01%
$10
View
▼
Rate0.01%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

Webster First Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.22%
Teen Checking
0.01%
$0
View
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details

No additional details provided.

Winter Hill Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
StudentChoice Free Checking
0.00%
$10
View
▼
Rate0.00%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

TrustCo Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 3.16%
Home Town Student Checking
0.00%
$0
View
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details

No additional details provided.

Source: Verified Checking Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Institution for Savings
Institution Rating:
A+5.0 ★ Texas Ratio: 0.11%
6 Paradise Rd
Salem, MA 01970
Simple Business NOW Checking Business
0.25%
$10
View
▼
Rate0.25%
Min Deposit$10
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

Service Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 11.03%
BusinessPlus Checking Business
0.40%
$0
View
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details

No additional details provided.

Service Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 11.03%
BusinessPlus Checking Business
0.35%
$0
View
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details

No additional details provided.

First Citizens Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.23%
High Yield Business Checking Business
0.30%
$0
View
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details

No additional details provided.

Baxter Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
Premier Business Checking Business
0.25%
$0
View
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

No additional details provided.

First Citizens Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.23%
High Yield Business Checking Business
0.20%
$0
View
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details

No additional details provided.

American Airlines Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.63%
Business Checking Business
0.15%
$0
View
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details

No additional details provided.

First Citizens Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.23%
High Yield Business Checking Business
0.10%
$0
View
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details

No additional details provided.

Align Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 11.20%
Commercial Checking Business
0.10%
$100
View
▼
Rate0.10%
Min Deposit$100
Min Balance—
UpdatedMay 10, 2026
Details

No additional details provided.

OneUnited Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.87%
UNITY Business Checking Business
0.05%
$0
View
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

Cape Cod Co-operative Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.34%
Business Interest Checking Business
0.05%
$0
View
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

Alden Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.29%
No Nonsense Business Plus Checking Business
0.05%
$0
View
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

No additional details provided.

St Marys Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.62%
Business Plus Checking Business
0.05%
$10
View
▼
Rate0.05%
Min Deposit$10
Min Balance—
UpdatedMay 12, 2026
Details

No additional details provided.

First Citizens Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.23%
Business Checking Plus Business
0.05%
$0
View
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details

No additional details provided.

First Citizens Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.23%
Free Business Checking Business
0.05%
$0
View
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details

No additional details provided.

First Citizens Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.23%
High Yield Business Checking Business
0.05%
$0
View
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details

Qualifying balance up to $10,000.00

IC Federal Credit Union
Institution Rating:
A-5.0 ★ Texas Ratio: 15.06%
Business CheckingPlus Business
0.05%
$0
View
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details

No additional details provided.

New England Teamsters Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.25%
Business Checking Business
0.02%
$50
View
▼
Rate0.02%
Min Deposit$50
Min Balance—
UpdatedMay 7, 2026
Details

No additional details provided.

Eastern Bank
Institution Rating:
A+5.0 ★
Business Interest Checking Business
0.01%
$0
View
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details

No additional details provided.

Monson Savings Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.52%
Small Business Checking Business
0.00%
$50
View
▼
Rate0.00%
Min Deposit$50
Min Balance—
UpdatedMay 5, 2026
Details

No additional details provided.

Salem, MA Checking Rate Trends

Compare local Salem, MA checking rate quotes against the statewide average

Daily checking rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.

View Full Massachusetts Checking Trends →
High-Yield Checking — MA Avg
1.094%
▼ 0.247 vs 7 days ago

Massachusetts high-yield checking rates fell 0.247 points over the past 7 days to 1.094% APY.

Free Checking — MA Avg
0.348%
▼ 0.007 vs 7 days ago

Massachusetts free checking rates fell 0.007 points over the past 7 days to 0.348% APY.

As of May 13, 2026 • Rate data sourced from 8,500+ monitored institutions Powered by MonitorBankRates

Methodology & Data Sources

Direct-Sourced & Verified Checking Rate Data: We aggregate checking account rates for Salem, Massachusetts directly from the official websites of banks and credit unions using a combination of our proprietary rate aggregation technology and a dedicated team of rate updaters. By pulling this data straight from the institutions’ own digital properties and manually verifying the yields daily, we ensure that every checking rate displayed on MonitorBankRates.com is highly accurate and trustworthy.

Local, Regional, and National Coverage: Our systems and team constantly monitor the market to provide a complete picture of available yields in Salem, Massachusetts. We feature a comprehensive mix of financial institutions, allowing you to easily compare localized checking rates from neighborhood credit unions, competitive offers from mid-sized regional banks, and high-yield checking accounts available to account holders in MA.

Daily Updates & Time-Stamped Accuracy: To maintain the highest level of data integrity, our rate updaters verify and update checking rates daily. Because checking account yields can fluctuate based on market conditions, every single checking product listed on our platform features its own specific “last updated” date.

Frequently Asked Questions

Do checking accounts in Salem, Massachusetts earn interest?

Most traditional local checking accounts in Salem, Massachusetts earn 0% interest. However, High-Yield Checking or Rewards Checking accounts from online banks and select local credit unions can pay interest rates comparable to savings accounts.

Are banks in Salem, Massachusetts FDIC insured?

Yes. Legitimate banks with branches in Salem, Massachusetts are FDIC insured up to $250,000 per depositor. Local Credit Unions are similarly insured by the NCUA.

What fees should I watch out for?

Common fees include Monthly Maintenance Fees (often waivable with direct deposit), Overdraft Fees, and Out-of-Network ATM fees. We recommend looking for “Free Checking” accounts that explicitly state no monthly fees.

What is a Rewards Checking account?

Rewards Checking accounts (sometimes called Kasasa accounts) offer high interest rates or cash back on debit card purchases in exchange for meeting monthly requirements like a minimum number of debit card transactions, direct deposit enrollment, or e-statement signup.

Best Checking Rates in Salem, Massachusetts

Based on our current data, some of the highest checking account APYs available to residents of Salem, Massachusetts include:
  • Institution for Savings
    18/65 Checking — 0.25% APY
  • North Shore Bank Co-op
    Get More Checking — 0.20% APY
  • Eastern Bank Boston, MA
    Premier Checking — 0.01% APY
  • Baxter Credit Union
    PowerPlusTM Checking Level 2 — 8.00% APY
  • St Marys Credit Union
    Kasasa Cash Checking — 5.25% APY
Checking Account Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Salem, Massachusetts. Your final available rate may depend on qualifying activity and daily market movements. Last Updated and Verified: May 12, 2026

Salem, Massachusetts Rates & Resources

$
Salem, Massachusetts CD Rates
$
Salem, Massachusetts Savings Rates
$
Salem, Massachusetts Money Market Rates
$
Salem, Massachusetts Mortgage Rates
$
Salem, Massachusetts Auto Loan Rates
$
Salem, Massachusetts Personal Loan Rates