Rates

Rates

Effective June 12, 2018

Business Companion Statement Savings

Minimum Balance Interest Rate Annual Percentage Yield
$0.00 – 9,999.99 0.05% 0.05%
$10,000 – 24,999.99 0.20% 0.20%
$25,000 – 49,999.99 0.30% 0.30%
$50,000.00 + 0.45% 0.45%

AllBusiness Plus Checking

Minimum Balance Interest Rate Annual Percentage Yield
$10,000.00 0.05% 0.05%

MyChoice Business Interest (DBA)

Minimum Balance Interest Rate Annual Percentage Yield
$5,000.00 0.02% 0.02%

Business Money Market

Minimum Balance Interest Rate Annual Percentage Yield
$2,500.00 0.20% 0.20%

Certificates of Deposit

Account Term Minimum Opening Balance Interest Rate Annual Percentage Yield
15 Month Promotion CD $500.00 1.23 % 1.25 %
15 Month New Money CD* $500.00 1.71 % 1.75 %
25 Month Promotion CD $500.00 2.19 % 2.25 %
35 Month Promotion CD $500.00 2.68 % 2.75 %
6 month $2,500.00 0.30 % 0.30 %
1 year $500.00 0.60 % 0.60 %
1 1/2 year $500.00 0.68 % 0.70 %
2 year $500.00 0.79 % 0.80 %
2 1/2 year $500.00 0.88% 0.90 %
3 year $500.00 1.18 % 1.20 %
4 year $500.00 1.27% 1.30 %
5 year $500.00 1.47 % 1.50 %
Amplifier IRA 12 Month CD $100.00 0.70 % 0.70 %
* Funds not currently on deposit at Lowell Five Bank.

 

Rates on certificates of deposit are guaranteed for the length of the term, all other rates are variable and subject to change after the account is opened. Early withdrawal penalties may be imposed on all certificates. All APYs are accurate through the dates shown. We are sorry but we can only accept deposits from within our designated banking area. Unless otherwise noted, APY is earned on all balances over $.01..