The smart ATMs at our Northampton Branch Lobby & Drive-up, Northampton VA Branch, and Worcester Branch are temporarily out of service. All UMassFive locations, including our Contact Center, are still available during normal business hours, and our online and mobile banking services remain available as usual.
Business Specialty Savings Accounts
Are you looking for a specialty savings account? Whether you're a landlord or you need an Interest on Lawyers' Trust Account (IOLTA), we have you covered!
All Your Landlord Duties—Better Organized
Are you looking to have one place where you can put in all of your tenant security deposits? You already have enough on your plate, so why not let our Business Tenant/Landlord savings account do the work for you? Keep your tenant security deposits separate from your day-to-day/operational accounts. Mutli-lease owner? You can open multiple accounts to make record-keeping a breeze. Nickname your accounts in our Online Banking system for easy organization.
Business Tenant/Landlord Savings Rates
| Minimum Balance | Dividend Rate | Annual Percentage Yield |
|---|---|---|
| $5 | 0.05% | 0.05% |
An IOLTA to Simplify Your Banking Experience
Massachusetts mandates that law firms or attorneys meeting certain criteria must maintain client deposits in a designated account known as an Interest on Lawyers’ Trust Account (IOLTA). Monthly, the accrued interest from these funds is dispersed by the State to support civil legal services and enhance the administration of justice within the Commonwealth. This account will help you keep track of your law firm and attorney finances!
IOLTA Savings Rates
| Minimum Balance | Dividend Rate | Annual Percentage Yield |
|---|---|---|
| $0 | 0.03% | 0.03% |
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