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 offers several different account types for your savings needs. Let us help you build a savings plan, whether that’s an Everyday Business Savings, High Yield Business Savings, or CD.
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 100% insured in full by the FDIC (Federal Deposit Insurance Corp.) and the DIF (Depositors Insurance Fund) – security not offered by every bank.
Everyday Business Savings
This is the perfect small business savings account for businesses with lower savings balances, frequent external transfers, and/or as a companion/draw account for a business checking account.
- $10 minimum balance to open*
- .05% Annual Percentage Yield (APY)
- ATM access with your Lowell Five Debit Card
- Online Business Banking available
*$5.00 minimum balance fee if daily average account balance drops below $100.
High Yield Business Savings
Businesses with higher balances looking for higher interest, or saving for future growth, will appreciate the tiered interest rates that this account offers. You’ll earn higher yields on larger account balances.
- $10.00 minimum balance to open and earn APY
- Minimum account balance fee waived for the first 60 days after account opening*
- Unlimited internal withdrawals to your Lowell Five Business Checking account
- Business Online Banking available
- Sign up for free eStatement delivery to avoid monthly paper statement fee of $10.00
*After 60 days a $5.00 fee will be charged if the average daily account balance drops below $500.
| Balance Tiers | Annual Percentage Yield |
|---|---|
| $0.00 – 49,999.99 | 0.05% |
| $50,000.00 – 149,999.99 | 0.50% |
| $150,000.00 – 499,999.99 | 2.00% |
| $500,000.00 and above | 2.25% |
Rates effective 11/4/2024.
Enjoy these optional conveniences:
| Online & Mobile Business Banking | Cash Management Services |
| eStatements Enrollment |