Salem Five Direct Reviews (3)

Rated 1.00 stars out of 5 - based on 2 reviews

  • Feb 08, 2020 |

    Online Savings Rates

    This bank charges you fees every time you transfer money. In addition, the bank advertises a high rate to attract customers, but once you invest with them, your rate is lowered, even though they continue to offer the high rate to others. If you call them, they will raise your rate back to the advertised rate, but a few months later, they lower your rate again, while continuing to offer a higher rate in their advertisements.

  • Jan 16, 2020 |

    Online Savings Rates

    This is just an awful terrible bank that has a history of cheating customers out of their hard earned cash through $3 external transfer fees, overdraft fees, changing their rates without disclosing the change, etc. Stick with a better known name. Or, even a lesser known name. Just stick with another name another name.

  • Feb 04, 2016

    be careful if you already have an account with these guys - the 1.1 rate is only for new money

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