The Bank Of Salem

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Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

A Dent County Tradition Since 1883 Phone: 573-729-3137 Contact Us | Privacy Policy | Location/Hours

Business Products The Bank of Salem offers a variety of products and services designed to help you manage your business accounts and safely grow your business capital.

Business Checking Accounts
Minimum opening balance is $100.00. Unlimited check writing privileges with no per check charges. Learn More...

Business Interest Checking Accounts
Minimum opening balance is $500.00. Maintain a $1,000.00 minimum balance, and you’ll avoid the $7.50 monthly fee. Monthly interest paid on average balances of $1,000.00 or more. Unlimited check writing privileges with no per check charges. Learn More...

Business Internet Banking
The Bank of Salem offers an efficient and easy to use online banking product (ECORP) designed specifically for business customers. Your business can save time and money by not having to make trips to the bank. Learn More...

Business Online Bill Paying (BIZ-EPAY)
Available through the Bank of Salem Business Internet Banking, Business Online Bill Pay (BIZ-EPAY) with No Monthly Fee! Learn More...

Business Savings Accounts
Minimum opening balance is $100.00. Rate of interest is established each month on the basis of prevailing market conditions. Nonprofit organizations and government agencies are exempt from the maintenance fee, and are paid interest, regardless of the minimum quarterly balance. Learn More...

Business Money Market Accounts
Minimum opening balance is $2,500.00. Minimum daily balance determines interest rate tier. There is no limit on the number of withdrawals made in person, by mail, by telephone (via check mailed to the customer), or at ATM’s. Learn More...