Rates

Deposits

ALL DEPOSITS AT LOWELL FIVE ARE INSURED-IN-FULL BY THE FDIC AND DIF.

Whether you have a short-term goal like financially preparing for the holidays, or a long term dream like buying your first home, we’re here to help.

Not sure which solution best meets your needs?

Get the trusted advice and flexibility you’ve come to expect from Lowell Five.
Call us today at (978) 452-1300 or
– Visit one of our convenient Branch Locations.

Apply Online

Rates effective December 11, 2018

Checking Accounts

We offer a variety of checking accounts to help you get the most out of your banking relationship. All of our accounts come with convenient services to help you access your money wherever you may be.

CLASSIC
CHECKING
CONVENIENCE
CHECKING
PREMIER
CHECKING
Designed
For
Individuals
who want
a simple everyday
checking account
with no
minimum
balance.
Individuals
who want a checking
account that brings added
flexibility and reimbursement
of nationwide ATMs **
Individuals
who want an easy
way to manage
their finances with
a full featured
account that earns
interest.
Apply
Online
Apply Online Apply Online Apply Online
Minimum Opening Deposit $10 $10 $10
Minimum Balance to Open and Avoid Fee $0 $500 $5,000 (or $20,000
combined deposit balance)
Below Minimum
Balance Fee
$0 $15 $25
Earns Interest No No Yes*
Personalized
Debit Card
Free Free Free
Overdraft
Protection
Available
More
Details
Available
More Details
Available
More
Details
Online and
Mobile Banking
Free Free Free
Mobile Deposit Free Free Free
Bill Pay Free Free Free
eStatements Free Free Free
Person to Person
Transfers
Yes Yes Yes
Point of Sale
Transactions
Free Free Free
ATM Transaction
Fee
Free Lowell Five ATMs
($2 transaction and inquiry
fee at non-Lowell Five ATMs)
Free Lowell Five ATMs
Reimbursed nationwide
ATMs fees**
Free Lowell Five ATMs
Reimbursed nationwide
ATM fees**
Paper Statement Fee $1 (waived with monthly direct deposit) $1 (waived with monthly direct deposit) No Fee

Active Duty Military and Veterans are eligible for our Premier Checking Account featuring no minimum balance requirement to earn interest and no monthly maintenance charge. All of us at Lowell Five thank you for your service to our country.

*Premier Checking has an Annual Percentage Yield of .05% as of today’s date and is subject to change after the account is opened. Fees could reduce the earnings on the account. APY obtained on all balances over $.01.
** Total refund per account is limited to $15 per statement cycle for Convenience Checking and $50 per statement cycle for Premier Checking.

In accordance with Massachusetts law, persons under the age of 19 and persons 65 years of age or older may be entitled to a Checking and Savings free of any charges except $5 insufficient funds fee plus any ATM Charges. Eligible persons should speak with one of our customer service representatives.

 

Money Market Accounts

Account Type Minimum Opening Balance* Annual Percentage Yield
Premier Money Market ** $2,500 – $24,999.99
$25,000 – $99,999.99
$100,000 – $499,999.99
$500,000 – $999,999.99
$1,000,000 +
0.20%
0.50%
0.75%
1.00%
1.50%

* APY of .05% will be paid on balances below the minimum balance of $2,500
** A monthly statement fee of $5.00 will be assessed each monthly statement cycle if the balance in your Money Market Deposit Account falls below $2,500 any day during the statement cycle.

 

Certificates of Deposit

Looking for a higher-interest savings alternative?

Account Term Minimum Opening  Balance Annual Percentage Yield
15 Month Promotion CD $500.00 2.25 %
25 Month Promotion CD $500.00 2.50 %
35 Month Promotion CD $500.00 2.75 %
                     APPLY NOW!
 Other terms are available and can be tailored to fit your specific needs.
                                                       – Call us at (978) 452-1300
                                                      – Visit one of our convenient Branch Locations

Savings Accounts

Account Type Minimum Opening Balance* Annual Percentage Yield
Passbook $10.00 0.05%
Statement or Companion $10.00 0.05%
Before You Know It ** $10.00 0.25%

* APY is obtained on all balances over  $.01
** Maximum deposits allowed in the Before You Know It Account during the 40 week period is $15,000.00

Other Account Information:
I.R.A.s: All certificates of deposit or statement savings accounts are available for Individual Retirement Account deposits. Fees could reduce the earnings on the above accounts. 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.