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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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About The Bank E-Banking Checking Savings Loans Business
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Money Market Deposit Account
  • Minimum opening balance is $2,500.00.
  • You must maintain a minimum daily balance of $2,500.00 to avoid a fee.
  • If the daily balance in the account falls below $2,500.00 during a monthly statement cycle, a $10.00 fee is imposed.
  • The rate of interest is established each month on the basis of prevailing market conditions.
  • May pay a higher rate of interest than Interest Checking or Savings Accounts.
  • Minimum daily balance determines interest rate tier.
  • Interest is paid monthly to depositors who have maintained a minimum daily balance of $2,500.00 or more during the month.
  • Regulations restrict the number of withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer, telephone, fax, or internet banking to 6 transfers per month. Also restricted to 6 transfers per month are transfers made by check, draft, debit card, or similar order made by the depositor and payable to third parties.
  • There is no limit on the number of withdrawals made in person, by mail, by telephone (via check mailed to the customer), at ATM’s or transfers into the account.
  • All depositors are eligible.
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