Every business is different, so we don’t fit our business customers into a pre-selected box, we’ll tailor a savings solution to suit your business.
When you open an account at Lowell Five, you’re also creating a banking relationship. We’ll follow up to make sure your plan is working for you and your business. At Lowell Five, we keep ahead of your changing banking needs, helping you to avoid surprises and making business banking easy for you. For example, by using our sweep option your cash could be automatically swept into the account where it will benefit you the most.
Lowell Five banking goes beyond accounts – we can also help you with Cash Management, Lending, Investing, Small Business Advice and more – we’re here as a partner for you. And your Lowell Five relationship comes with integrated Online Banking designed just for businesses.
All deposits are fully insured
You also get peace of mind, since all deposits at Lowell Five are insured in full by the FDIC (Federal Deposit Insurance Corp.) and the DIF (Depositors Insurance Fund) – security not offered by every bank.
Business Companion Savings Account
Every great checking account deserves a companion. Complete your Lowell Five relationship with a Companion Savings Account tied to your checking for more flexibility.
- Cover overdrafts from your checking account*
- Competitive interest rates that rise with your deposit level
- ATM access with your Lowell Five Debit Card
- Combined monthly statement
- Online Banking available
*$5.00 draw fee not to exceed $5.00 per day
Business Companion Savings
|Minimum Balance||Annual Percentage Yield|
|$0.00 – 499,999.99||0.05%|
|$500,000.00 – 749,999.99||0.10%|
|$750,000.00 – 9,999,999.99||0.15%|
|$1,0000,000.00 and above||0.20%|
Rates effective 8/28/2023.