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What’s New?

Introducing the Bank of Salem Mobile Banking App!

Now available in the Apple App Store, Google Play App Store, and Amazon App Store. Search for “Bank of Salem Missouri”. Our App is compatible with most IOS and Android phones and tablets.

You must be enrolled in Online Banking in order to use the mobile banking app. Message and data rates may apply.

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A Dent County Tradition Since 1883 Phone: 573-729-3137 Contact Us | Privacy Policy | Location/Hours
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Individual Retirement Accounts (IRAs)
  • Initial contribution may be tax deductible (consult your tax advisor).
  • IRA income is deferred.
  • Roth and Traditional IRA’s can be purchased in amounts of $1,000.00 or greater.
  • Terms from 3 to 60 months are allowed and may be automatically renewable at the option of the depositor.
  • Rates are fixed until maturity.
  • Structured as certificates of deposit.
  • Interest may be compounded quarterly, semi-annually or annually, depending on the term of the deposit.
  • A substantial interest penalty is required for early withdrawal of time certificates of deposit and there may also be tax disadvantages (consult your tax advisor).
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