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 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.
Features
| Minimum to Open | $10.00 |
| Annual Percentage Yield | $0 - $49,999.99 - .05%* |
| $50,000.00 or more - 3.00%* | |
| eStatements | Free |
| Paper Statements | $10 monthly fee |
| *Fees could reduce earnings. Account rate is variable and is subject to change at any time. Rates and Annual Percentage Yields effective 6/1/2024. |
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 an electronic transfer for the account balance.
Features
| Minimum to Open | $10 |
| Annual Percentage Yield | .25%* |
| Early Withdrawal Fee | $10 |
| *Fees could reduce earnings. Account rate is variable and is subject to change at any time. |
* Rates and Annual Percentage Yields effective 6/1/2024.
Everyday Savings
Everyday Savings is a traditional, yet versatile savings account. Perfect for a child who is starting out on their savings journey, right through to adulthood. You can even link your Everyday Savings with a Lowell Five Checking account to cover overdrafts.
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. |
* Rates and Annual Percentage Yields effective 6/1/2024.
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.