Our Personal Checking Accounts were designed to fit your personal banking style. And you can rest easy knowing that all Lowell Five accounts are insured in full by the FDIC and the DIF.
Free Debit Checking
Our Free Debit Checking account is a simple, everyday debit checking account with no fees and a low minimum balance. It’s a great account for customers who frequently use their Lowell Five debit card.
Features
| Earns Interest | No |
| Minimum Balance to Avoid Fee | No Minimum |
| Below Minimum Balance Fee | No |
| ATM Surcharge Reimbursements | No Reimbursements |
Advantage Checking
Does your checking account balance vary widely during the month? Advantage Checking allows you to maintain a lower minimum balance to avoid fees – including ATM surcharge fees at non-Lowell Five Bank ATMs nationwide.
Features
| Earns Interest | No |
| Minimum Balance to Avoid Fee | $500 |
| Below Minimum Balance Fee | $15 |
| ATM Surcharge Reimbursed (per Statement Cycle) | Up to $15 nationwide |
Premier Checking
Do you keep a large daily balance in your checking account? Our Premier Checking account helps you optimize your deposited funds by paying interest – while offering the ease of access a checking account provides.
Features
| Earns Interest | 0.05%* |
| ATM Surcharge Reimbursed (per Statement Cycle) | Up to $50 nationwide |
| Minimum Balance to Avoid Fee | $5,000 or $20,000 combined deposit balance |
| Below Min Balance Fee | $25 |
| * Fees could reduce earnings. Account rate is variable and is subject to change at any time. Annual Percentage Yield is .05%. |
Frontline Heroes
Active Military, Veterans, Police, Fire Personnel, Doctors, Nurses, Emergency Medical Personnel, and Medical Facility Workers, enjoy the benefits of a Lowell Five Premier Checking Account with no monthly fees and no minimum balance required to earn interest.
Features
| Earns Interest | 0.05%* |
| ATM Surcharge Reimbursed (per Statement Cycle) | Up to $50 nationwide |
| Minimum Balance to Avoid Fee | No Minimum |
| Below Minimum Balance Fee | No |
| * Fees could reduce earnings. Account rate is variable and is subject to change at any time. Annual Percentage Yield is .05% |
Note: Account must be opened in-person at a branch location.
Teens
Give your teen (ages 14 through age 18) the Debit Card access they want!
- Debit Card included
- Mobile App accessible
- Joint account with a parent or guardian
Features
| Earns Interest | No |
| Minimum Balance to Avoid Fee | No Minimum |
| Below Minimum Balance Fee | No |
| ATM Surcharge Reimbursements | No Reimbursements |
| * Account must be opened in-person, jointly with a parent or guardian present. |
Note: In accordance with Massachusetts law, persons 18 or younger may be entitled to this checking account free of all charges except a $5.00 insufficient funds fee plus any ATM charges, Online Bill Pay, Insufficient Item Paid Fee and overdraft account draw transaction fees that may apply. Eligible persons should speak with one of our Client Service Representatives.
65 and Over
Seniors 65 and over are eligible for Free Debit Checking and an Everyday Savings.
Features
| Earns Interest | No |
| Minimum Balance to Avoid Fee | No Minimum |
| Below Minimum Balance Fee | No |
| ATM Surcharge Reimbursements | No Reimbursements |
Note: In accordance with Massachusetts law, persons 65 and older may be entitled to this checking account free of all charges except a $5.00 insufficient funds fee plus any ATM charges, Online Bill Pay, Insufficient Item Paid Fee and overdraft account draw transaction fees that may apply. Eligible persons should speak with one of our Client Service Representatives.
The minimum to open any checking account is $10.00. Rates effective 4/28/25.
Optional Overdraft Protection Solutions:
- Overdraft Advantage is an opt-in program affecting qualified accounts. By opting in, you may prevent declined transactions in stores, online, and at ATMs.
Apply now - Overdraft Protection Loan is a personal loan attached to your checking account and available for up to $3,000.
Learn more - Everyday Savings is a statement savings account that you can link to your checking account from which funds will be transferred should your checking account be overdrawn.
Open account