3.25%
Beside this, is a 2.8 interest rate good?
Anything at or below 3% is an excellent mortgage rate. … For example, if you get a $250,000 mortgage with a fixed 2.8% interest rate on a 30-year term, you could be paying around $1,027 per month and $119,805 interest over the life of your loan.
People also ask, is Salem Five a good bank? Salem Five Direct is a great online bank with low fees and good interest rates. If you like the idea of banking online and handling most of your transfers and other needs yourself, this bank’s online checking and savings accounts are a competitive option. If you live in Massachusetts, the appeal is even greater.
Similarly, is Salem Five a local bank?
Salem Five (also known as Salem Five Cents Savings Bank or Salem Five Bank) is a traditional American mutual savings bank founded in 1855.
| Industry | Financial services |
|---|---|
| Headquarters | Salem, Massachusetts , United States |
| Number of locations | 34 |
| Area served | Essex, Middlesex, and Suffolk counties |
What kind of bank is Salem Five?
FDIC insured mutual bank
What will the prime rate be in 2021?
3.25%
Who owns Salem Five Bank?
Salem Five Bancorp