We offer several different savings account types for your savings needs. Whether you’re looking for a traditional or high-yield savings account, a tiered money market account, the first account for a minor, or a fully insured account for your retirement savings, our advisors are prepared to align you with the best savings account to achieve your goals.
You can rest easy knowing that all Lowell Five accounts are insured-in-full by the FDIC and the DIF.
Savings Account Options
High Yield Savings
Grow your savings faster with our new HIGH YIELD savings account.
• Higher yield for long term savings plan.
• Safe alternative to investing in the market.
• Liquid asset with no early withdrawal penalty.
• Manage your money via online banking.
• Account must be opened in-person.
Features
| Minimum to Open | $50,000 |
| Annual Percentage Yield | $0 - $49,999.99 - .05% |
| $50,000.00 or more - 3.00% | |
| eStatements | Free |
| Fees could reduce earnings. Account rate is variable and is subject to change at any time. Rates and Annual Percentage Yields effective 5/1/2023. |
Before You Know It Savings
Saving money for life’s happy events has never been easier! You’ll decide how much you want to put aside on a regular basis and we’ll help you reach your goal faster in our Before You Know It Club Account. You’ll earn more than our regular savings account interest rate.
• Make periodic deposits throughout the 40 week term.
• After 40 weeks, you’ll receive your choice of a check or electronic transfer for the account balance.
Features
| Minimum to Open | $10 |
| Annual Percentage Yield | .25% |
| Fees could reduce earnings. Account rate is variable and is subject to change at any time. |
Everyday Savings
Start a savings program with our Everyday Savings account, and you’re on your way to meeting your goals. Savings accounts are also a great way to teach children about money.
Features
| Minimum to Open | $10 |
| Annual Percentage Yield | .05% |
| Fees could reduce earnings. Account rate is variable and is subject to change at any time. |
Other great savings options:
Make your savings grow faster with Certificates of Deposit or a Money Market Account. Check out our great rates on CDs.
Receive your account statements electronically.
Sign up for eStatements and your statements will be stored safely and securely within your Lowell Five Online Banking account.